SAP (NYSE:SAP) Shares Gap Up – What’s Next?

SAP SE (NYSE:SAP)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $206.36, but opened at $215.15. SAP shares last traded at $213.5480, with a volume of 338,864 shares trading hands.

Analyst Ratings Changes

SAP has been the topic of several recent research reports. Barclays reduced their price objective on SAP from $255.00 to $242.00 and set an “overweight” rating on the stock in a research report on Monday, July 27th. BMO Capital Markets raised their price target on shares of SAP from $175.00 to $177.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a report on Friday, August 21st. UBS Group downgraded shares of SAP from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. Finally, Citigroup restated a “buy” rating on shares of SAP in a research report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $255.67.

SAP Trading Up 3.8%

The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $263.12 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 2.45 and a beta of 1.14. The business has a 50 day simple moving average of $191.36 and a 200-day simple moving average of $180.75.

SAP (NYSE:SAP) last announced its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.18). SAP had a return on equity of 17.07% and a net margin of 20.88%.The company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.30 billion. During the same quarter in the previous year, the company earned $1.50 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that SAP SE will post 8.17 earnings per share for the current year.

Institutional Trading of SAP

Institutional investors have recently made changes to their positions in the stock. Bayban acquired a new position in SAP in the fourth quarter valued at $28,000. Continuum Advisory LLC acquired a new position in shares of SAP in the 2nd quarter valued at about $31,000. Front Row Advisors LLC lifted its stake in shares of SAP by 362.5% in the 1st quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock valued at $32,000 after purchasing an additional 145 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of SAP by 758.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock worth $35,000 after purchasing an additional 129 shares during the period. Finally, Markowski Investments acquired a new stake in SAP during the 2nd quarter worth approximately $41,000.

SAP Company Profile

SAP SE is a German enterprise software company headquartered in Walldorf, Germany. The company develops technology that helps organizations manage core business operations, including finance, procurement, supply chain, manufacturing, human resources, sales and customer relationships.

SAP’s portfolio is centered on its cloud-based enterprise resource planning platform, SAP S/4HANA, along with the SAP Business Technology Platform. Its products and services also include SAP SuccessFactors for human resources, SAP Ariba for business-to-business procurement, SAP Concur for travel and expense management, and solutions for customer experience, data management, analytics and artificial intelligence.

SAP was founded in 1972 by five former IBM employees and has grown into a global provider of business software.