SAP (NYSE:SAP) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of SAP (NYSE:SAP) from a buy rating to a hold rating in a report released on Saturday.

Several other research firms have also issued reports on SAP. Piper Sandler lowered shares of SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a report on Friday, January 30th. Zacks Research downgraded shares of SAP from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Citizens Jmp downgraded SAP from an “outperform” rating to a “market perform” rating in a research note on Friday, January 30th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of SAP in a research note on Tuesday, March 24th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

SAP Stock Performance

NYSE SAP opened at $169.69 on Friday. The company has a market capitalization of $208.46 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 1.90 and a beta of 1.11. SAP has a twelve month low of $158.58 and a twelve month high of $313.28. The stock has a fifty day simple moving average of $175.74 and a 200 day simple moving average of $212.94. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11.

SAP (NYSE:SAP) last posted its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share for the quarter. The business had revenue of $11.06 billion during the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. Sell-side analysts expect that SAP will post 8.35 EPS for the current year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a $2.9291 dividend. This represents a yield of 170.0%. The ex-dividend date of this dividend was Tuesday, May 5th. This is an increase from SAP’s previous annual dividend of $2.54. SAP’s payout ratio is 28.92%.

Institutional Trading of SAP

Hedge funds have recently bought and sold shares of the business. Dara Capital US Inc. purchased a new position in shares of SAP in the 4th quarter worth about $3,342,000. Oppenheimer Asset Management Inc. lifted its stake in SAP by 15.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock valued at $14,272,000 after purchasing an additional 7,066 shares during the last quarter. Seaview Investment Managers LLC lifted its stake in SAP by 191.4% in the third quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock valued at $3,138,000 after purchasing an additional 7,714 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in SAP in the third quarter valued at approximately $32,760,000. Finally, Cidel Asset Management Inc. lifted its stake in SAP by 9.7% in the third quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock valued at $37,215,000 after purchasing an additional 12,268 shares during the last quarter.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on?premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in?memory database and platform.