SAP has been the subject of a number of other research reports. Jefferies Group reiterated a hold rating on shares of SAP SE in a research note on Thursday, August 4th. Zacks Investment Research upgraded shares of SAP SE from a sell rating to a hold rating in a research note on Tuesday, July 26th. Citigroup Inc. reiterated a buy rating on shares of SAP SE in a research note on Thursday, July 21st. Credit Suisse Group AG reiterated a buy rating and issued a $90.00 target price (up previously from $85.00) on shares of SAP SE in a research note on Wednesday, June 29th. Finally, RBC Capital Markets reiterated a hold rating and issued a $95.00 target price on shares of SAP SE in a research note on Friday, September 30th. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. SAP SE has a consensus rating of Buy and a consensus price target of $84.42.
Shares of SAP SE (NYSE:SAP) traded down 0.57% during midday trading on Wednesday, hitting $86.72. The stock had a trading volume of 321,105 shares. The stock has a 50-day moving average of $89.38 and a 200 day moving average of $82.61. The stock has a market cap of $103.91 billion, a PE ratio of 26.14 and a beta of 1.43. SAP SE has a 52 week low of $71.39 and a 52 week high of $92.76.
SAP SE (NYSE:SAP) last posted its earnings results on Wednesday, July 20th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.13. SAP SE had a net margin of 16.76% and a return on equity of 16.92%. Analysts anticipate that SAP SE will post $4.37 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Howe & Rusling Inc. boosted its stake in shares of SAP SE by 0.5% in the second quarter. Howe & Rusling Inc. now owns 1,544 shares of the company’s stock valued at $116,000 after buying an additional 7 shares during the period. Societe Generale acquired a new stake in shares of SAP SE during the second quarter valued at approximately $141,000. NEXT Financial Group Inc boosted its stake in shares of SAP SE by 1.3% in the second quarter. NEXT Financial Group Inc now owns 1,980 shares of the company’s stock valued at $148,000 after buying an additional 25 shares during the period. Bessemer Group Inc. boosted its stake in shares of SAP SE by 112.3% in the first quarter. Bessemer Group Inc. now owns 2,312 shares of the company’s stock valued at $186,000 after buying an additional 1,223 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of SAP SE during the second quarter valued at approximately $210,000. 3.51% of the stock is currently owned by hedge funds and other institutional investors.
SAP SE Company Profile
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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