Several other research firms also recently weighed in on SAP. DZ Bank AG restated a buy rating on shares of SAP SE in a research report on Wednesday, September 14th. Barclays PLC reiterated an overweight rating and set a $105.00 price objective on shares of SAP SE in a research report on Tuesday, August 30th. Credit Suisse Group AG reiterated a hold rating and set a $37.00 price objective on shares of SAP SE in a research report on Wednesday, August 3rd. Jefferies Group reiterated a hold rating on shares of SAP SE in a research report on Thursday, August 4th. Finally, Zacks Investment Research upgraded SAP SE from a sell rating to a hold rating in a research report on Tuesday, July 26th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. SAP SE has a consensus rating of Buy and a consensus price target of $82.75.
SAP SE (NYSE:SAP) opened at 91.06 on Tuesday. SAP SE has a 52 week low of $63.43 and a 52 week high of $92.76. The company has a market capitalization of $109.11 billion, a P/E ratio of 27.42 and a beta of 1.40. The company’s 50 day moving average price is $88.62 and its 200-day moving average price is $81.80.
SAP SE (NYSE:SAP) last released its earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.13. SAP SE had a return on equity of 16.92% and a net margin of 16.76%. Equities research analysts expect that SAP SE will post $4.37 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAP. Emerald Acquisition Ltd. bought a new position in SAP SE during the second quarter valued at approximately $71,262,000. Crawford Investment Counsel Inc. boosted its position in SAP SE by 283.2% in the second quarter. Crawford Investment Counsel Inc. now owns 437,198 shares of the company’s stock valued at $32,799,000 after buying an additional 323,104 shares in the last quarter. Orbis Allan Gray Ltd acquired a new position in SAP SE during the first quarter valued at about $14,844,000. Renaissance Technologies LLC acquired a new position in SAP SE during the first quarter valued at about $13,663,000. Finally, 1832 Asset Management L.P. acquired a new position in SAP SE during the second quarter valued at about $20,367,000. 3.51% of the stock is owned by hedge funds and other institutional investors.
About SAP SE
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
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