SAP SE (NYSE:SAP) Receives $271.83 Average PT from Brokerages

SAP SE (NYSE:SAP) has earned an average recommendation of “Buy” from the nine brokerages that are covering the firm, Marketbeat reports. Nine investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $271.83.

A number of brokerages recently issued reports on SAP. JMP Securities restated a “market outperform” rating and issued a $330.00 price objective on shares of SAP in a research note on Friday, May 23rd. BMO Capital Markets increased their price target on shares of SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, May 23rd. Barclays reissued an “overweight” rating and issued a $308.00 price target (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Wells Fargo & Company began coverage on SAP in a research note on Tuesday, May 20th. They issued an “overweight” rating on the stock. Finally, Argus reissued a “buy” rating and issued a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th.

SAP Stock Performance

Shares of SAP stock opened at $303.17 on Wednesday. The business’s fifty day simple moving average is $277.99 and its 200 day simple moving average is $267.32. The firm has a market capitalization of $372.45 billion, a P/E ratio of 105.63, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. SAP has a 12 month low of $179.43 and a 12 month high of $304.43. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP) last released its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. The company had revenue of $10.35 billion for the quarter, compared to analysts’ expectations of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, analysts anticipate that SAP will post 6.55 EPS for the current year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were issued a dividend of $2.5423 per share. The ex-dividend date was Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a positive change from SAP’s previous annual dividend of $2.39. SAP’s dividend payout ratio (DPR) is currently 35.25%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC grew its position in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after acquiring an additional 82 shares during the last quarter. Centricity Wealth Management LLC bought a new position in shares of SAP in the fourth quarter worth approximately $25,000. Creative Financial Designs Inc. ADV grew its holdings in shares of SAP by 153.5% in the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after purchasing an additional 66 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of SAP in the fourth quarter worth approximately $27,000. Finally, Rakuten Securities Inc. grew its holdings in shares of SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after purchasing an additional 108 shares during the last quarter.

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.