Other equities analysts also recently issued reports about the company. BMO Capital Markets increased their target price on SAP from $140.00 to $150.00 and gave the stock a “market perform” rating in a research note on Friday, April 23rd. Oddo Bhf downgraded SAP from an “outperform” rating to a “neutral” rating in a research note on Thursday. Bank of America upgraded SAP from an “underperform” rating to a “buy” rating in a report on Wednesday, July 7th. CIBC upped their price target on SAP from $43.00 to $45.00 and gave the stock an “outperformer” rating in a report on Friday, June 4th. Finally, UBS Group restated a “neutral” rating on shares of SAP in a report on Monday, April 19th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $130.20.
SAP traded up $0.65 on Thursday, hitting $139.51. 16,761 shares of the company traded hands, compared to its average volume of 520,309. The stock’s 50 day moving average is $141.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $171.39 billion, a PE ratio of 26.20, a PEG ratio of 3.04 and a beta of 1.06. SAP has a 12-month low of $104.64 and a 12-month high of $169.30.
Hedge funds have recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of SAP during the first quarter worth $25,000. Childress Capital Advisors LLC purchased a new position in shares of SAP in the 4th quarter worth $28,000. Atlas Capital Advisors LLC purchased a new position in shares of SAP in the 1st quarter worth $28,000. Stonebridge Capital Advisors LLC purchased a new position in shares of SAP in the 1st quarter worth $42,000. Finally, Defined Wealth Management LLC purchased a new position in shares of SAP in the 4th quarter worth $46,000. Institutional investors and hedge funds own 4.27% of the company’s stock.
SAP Company Profile
SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services.
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