Analysts Set SAP SE (NYSE:SAP) Target Price at $305.75

SAP SE (NYSE:SAP) has been given a consensus recommendation of “Moderate Buy” by the twenty-one ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $305.75.

SAP has been the subject of a number of research analyst reports. Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 16th. Barclays set a $283.00 price objective on SAP in a research note on Monday, February 2nd. TD Cowen restated a “buy” rating on shares of SAP in a report on Wednesday, March 18th. Citigroup cut SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Wall Street Zen lowered SAP from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th.

Hedge Funds Weigh In On SAP

Institutional investors have recently bought and sold shares of the stock. CX Institutional boosted its holdings in shares of SAP by 2.0% in the third quarter. CX Institutional now owns 1,961 shares of the software maker’s stock worth $524,000 after buying an additional 38 shares during the period. Kathmere Capital Management LLC increased its position in shares of SAP by 1.0% in the third quarter. Kathmere Capital Management LLC now owns 4,019 shares of the software maker’s stock worth $1,074,000 after acquiring an additional 40 shares in the last quarter. Binnacle Investments Inc raised its holdings in shares of SAP by 14.2% during the third quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock valued at $90,000 after acquiring an additional 42 shares during the period. Certuity LLC lifted its position in shares of SAP by 2.4% in the 2nd quarter. Certuity LLC now owns 1,866 shares of the software maker’s stock valued at $568,000 after acquiring an additional 43 shares in the last quarter. Finally, Spire Wealth Management lifted its position in shares of SAP by 6.2% in the 4th quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock valued at $180,000 after acquiring an additional 43 shares in the last quarter.

SAP Stock Performance

Shares of NYSE SAP opened at $168.28 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $199.47 and its two-hundred day moving average price is $234.60. SAP has a 52-week low of $163.77 and a 52-week high of $313.28. The stock has a market capitalization of $206.73 billion, a P/E ratio of 23.87, a P/E/G ratio of 1.82 and a beta of 1.18.

SAP (NYSE:SAP) last posted its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The company had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the business posted $1.40 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that SAP will post 6.55 earnings per share for the current year.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.