SAP (NYSE:SAP) Price Target Cut to $242.00 by Analysts at Barclays

SAP (NYSE:SAP) had its target price dropped by Barclays from $255.00 to $242.00 in a report released on Monday,Benzinga reports. The firm currently has an “overweight” rating on the software maker’s stock. Barclays‘s price objective indicates a potential upside of 51.28% from the company’s previous close.

SAP has been the topic of a number of other reports. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. The Goldman Sachs Group reiterated a “buy” rating and set a $265.00 price objective on shares of SAP in a research report on Wednesday, June 10th. Oppenheimer reissued a “market perform” rating on shares of SAP in a research report on Friday. BMO Capital Markets boosted their price target on SAP from $175.00 to $177.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Santander raised shares of SAP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $264.83.

SAP Stock Down 0.0%

SAP opened at $159.97 on Monday. The stock has a market capitalization of $196.52 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.84 and a beta of 1.14. The firm has a 50 day moving average price of $165.59 and a 200-day moving average price of $184.04. SAP has a twelve month low of $144.97 and a twelve month high of $299.48. 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 earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. The business had revenue of $11.06 billion during the quarter. SAP had a net margin of 20.88% and a return on equity of 17.16%. Equities research analysts forecast that SAP will post 8.26 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Fisher Asset Management LLC grew its stake in shares of SAP by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock valued at $3,577,793,000 after acquiring an additional 179,550 shares during the period. Bank of America Corp DE raised its stake in SAP by 58.1% during the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after acquiring an additional 973,779 shares during the period. Windacre Partnership LLC raised its stake in SAP by 130.9% during the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after acquiring an additional 1,336,325 shares during the period. Northern Trust Corp lifted its holdings in SAP by 3.2% during the third quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock valued at $417,113,000 after purchasing an additional 49,111 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of SAP by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock worth $291,498,000 after purchasing an additional 83,349 shares during the period.

About SAP

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.