Other equities research analysts have also issued reports about the company. DZ Bank AG reaffirmed a buy rating on shares of SAP SE in a research note on Wednesday, July 20th. Morgan Stanley reaffirmed a buy rating on shares of SAP SE in a research note on Monday, July 18th. Berenberg Bank reaffirmed a buy rating on shares of SAP SE in a research note on Tuesday, July 5th. Oppenheimer Holdings Inc. reaffirmed a buy rating on shares of SAP SE in a research note on Thursday, June 30th. Finally, Credit Suisse Group AG reaffirmed a buy rating and issued a $90.00 price objective (up from $85.00) on shares of SAP SE in a research note on Wednesday, June 29th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $84.42.
SAP SE (NYSE:SAP) traded down 0.37% during midday trading on Friday, hitting $91.07. The stock had a trading volume of 142,029 shares. SAP SE has a 52 week low of $66.23 and a 52 week high of $92.76. The firm has a 50 day moving average of $88.92 and a 200 day moving average of $82.02. The firm has a market cap of $109.12 billion, a price-to-earnings ratio of 27.27 and a beta of 1.43.
SAP SE (NYSE:SAP) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) 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 predict that SAP SE will post $4.37 EPS for the current year.
A number of large investors have recently modified their holdings of SAP. Emerald Acquisition Ltd. purchased a new stake in shares of SAP SE during the second quarter worth $71,262,000. Crawford Investment Counsel Inc. raised its stake in shares of SAP SE by 283.2% in the second quarter. Crawford Investment Counsel Inc. now owns 437,198 shares of the company’s stock worth $32,799,000 after buying an additional 323,104 shares during the period. Orbis Allan Gray Ltd purchased a new stake in shares of SAP SE during the first quarter worth $14,844,000. Renaissance Technologies LLC purchased a new stake in shares of SAP SE during the first quarter worth $13,663,000. Finally, 1832 Asset Management L.P. purchased a new stake in shares of SAP SE during the second quarter worth $20,367,000. 3.51% of the stock is owned by institutional investors and hedge funds.
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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