SAP (NYSE:SAP) Given New $210.00 Price Target at Barclays

SAP (NYSE:SAP) had its target price lowered by Barclays from $212.00 to $210.00 in a report published on Wednesday morning, Benzinga reports. Barclays currently has an overweight rating on the software maker’s stock.

Several other brokerages also recently commented on SAP. KeyCorp assumed coverage on SAP in a research note on Thursday, March 21st. They issued an overweight rating for the company. StockNews.com downgraded SAP from a strong-buy rating to a buy rating in a research note on Thursday, April 18th. BMO Capital Markets raised their target price on SAP from $147.00 to $195.00 and gave the company a market perform rating in a research note on Thursday, January 25th. Jefferies Financial Group raised shares of SAP from a hold rating to a buy rating in a research report on Friday, February 2nd. Finally, The Goldman Sachs Group raised their price target on shares of SAP from $185.00 to $207.00 and gave the company a buy rating in a research report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, SAP currently has a consensus rating of Moderate Buy and a consensus price target of $201.60.

SAP Price Performance

Shares of SAP opened at $188.10 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a 50-day moving average of $187.62 and a 200-day moving average of $165.29. SAP has a one year low of $126.75 and a one year high of $199.29.

SAP (NYSE:SAP) last issued its earnings results on Tuesday, January 23rd. The software maker reported $1.12 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.17). The firm had revenue of $9.12 billion during the quarter, compared to analyst estimates of $8.98 billion. SAP had a net margin of 15.76% and a return on equity of 9.81%. On average, sell-side analysts anticipate that SAP will post 4.74 earnings per share for the current fiscal year.

SAP Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be given a dividend of $2.3852 per share. The ex-dividend date is Thursday, May 16th. This represents a dividend yield of 0.9%. This is a boost from SAP’s previous annual dividend of $2.19. SAP’s dividend payout ratio (DPR) is currently 34.92%.

Hedge Funds Weigh In On SAP

Several hedge funds have recently modified their holdings of SAP. Ameriprise Financial Inc. lifted its position in shares of SAP by 213.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,420,255 shares of the software maker’s stock worth $183,507,000 after buying an additional 966,450 shares in the last quarter. Capital International Investors lifted its position in shares of SAP by 8.1% during the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after buying an additional 746,386 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of SAP by 19,468.8% during the 3rd quarter. Lazard Asset Management LLC now owns 482,762 shares of the software maker’s stock worth $62,430,000 after buying an additional 480,295 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of SAP by 64.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,060,627 shares of the software maker’s stock worth $137,160,000 after buying an additional 414,407 shares in the last quarter. Finally, Verity & Verity LLC bought a new position in shares of SAP during the 1st quarter worth approximately $35,000.

SAP Company Profile

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.