SAP (NYSE:SAP) Cut to “Buy” at StockNews.com

SAP (NYSE:SAP) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

Several other research analysts have also issued reports on SAP. BMO Capital Markets increased their target price on SAP from $147.00 to $195.00 and gave the stock a “market perform” rating in a research report on Thursday, January 25th. Barclays increased their target price on SAP from $189.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. The Goldman Sachs Group increased their target price on SAP from $185.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, KeyCorp assumed coverage on SAP in a research report on Thursday, March 21st. They issued an “overweight” rating for the company. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $193.80.

SAP Trading Down 0.3 %

SAP opened at $179.94 on Thursday. The business has a 50 day simple moving average of $187.32 and a two-hundred day simple moving average of $163.45. The firm has a market capitalization of $212.25 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 3.72 and a beta of 1.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.40 and a quick ratio of 1.40. SAP has a one year low of $126.40 and a one year high of $199.29.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.17). The business had revenue of $9.12 billion for the quarter, compared to the consensus estimate of $8.98 billion. SAP had a net margin of 20.30% and a return on equity of 9.54%. Analysts predict that SAP will post 4.36 EPS for the current year.

Institutional Trading of SAP

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp grew its stake in shares of SAP by 10.9% in the 3rd quarter. Stifel Financial Corp now owns 193,376 shares of the software maker’s stock worth $25,007,000 after buying an additional 19,080 shares during the last quarter. Blue Trust Inc. boosted its stake in SAP by 5.8% during the 4th quarter. Blue Trust Inc. now owns 1,361 shares of the software maker’s stock valued at $210,000 after purchasing an additional 75 shares during the last quarter. Clear Street Markets LLC boosted its stake in SAP by 2.8% during the 3rd quarter. Clear Street Markets LLC now owns 6,183 shares of the software maker’s stock valued at $800,000 after purchasing an additional 166 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in SAP during the 3rd quarter valued at $430,000. Finally, Private Trust Co. NA boosted its stake in SAP by 68.5% during the 4th quarter. Private Trust Co. NA now owns 1,547 shares of the software maker’s stock valued at $239,000 after purchasing an additional 629 shares during the last quarter.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.