SAP SE (NYSE:SAP)‘s stock had its “buy” rating restated by equities researchers at HSBC in a research note issued on Tuesday.
Several other analysts have also recently commented on the company. Jefferies Group cut SAP SE from a “hold” rating to an “underperform” rating in a report on Monday, June 13th. Morgan Stanley reiterated a “buy” rating on shares of SAP SE in a report on Monday, July 11th. Barclays PLC reiterated an “overweight” rating and issued a $105.00 target price (down from $108.00) on shares of SAP SE in a report on Wednesday, July 6th. Royal Bank Of Canada upped their target price on SAP SE to $95.00 and gave the company a “sector perform” rating in a report on Friday, September 30th. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $85.00 target price (up from $78.00) on shares of SAP SE in a report on Sunday, July 24th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $84.42.
Shares of SAP SE (NYSE:SAP) opened at 90.96 on Tuesday. SAP SE has a 12-month low of $66.67 and a 12-month high of $92.76. The stock’s 50 day moving average is $89.18 and its 200-day moving average is $82.28. The firm has a market cap of $108.99 billion, a price-to-earnings ratio of 27.23 and a beta of 1.43.
SAP SE (NYSE:SAP) last announced its earnings results on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ 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%. On average, analysts anticipate that SAP SE will post $4.37 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA increased its position in shares of SAP SE by 25.1% in the first quarter. Glenmede Trust Co. NA now owns 30,970 shares of the company’s stock worth $2,490,000 after buying an additional 6,215 shares during the period. Commonwealth Equity Services Inc increased its position in shares of SAP SE by 3.2% in the first quarter. Commonwealth Equity Services Inc now owns 4,007 shares of the company’s stock worth $322,000 after buying an additional 125 shares during the period. Prudential Financial Inc. acquired a new position in shares of SAP SE during the first quarter worth about $384,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of SAP SE during the first quarter worth about $295,000. Finally, Columbia Partners L L C Investment Management increased its position in shares of SAP SE by 6.7% in the first quarter. Columbia Partners L L C Investment Management now owns 10,974 shares of the company’s stock worth $882,000 after buying an additional 692 shares during the period. Hedge funds and other institutional investors own 3.51% of the company’s stock.
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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