SAP SE (NYSE:SAP – Get Rating) has received a consensus rating of “Hold” from the nineteen research firms that are covering the firm, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $104.85.
A number of brokerages recently issued reports on SAP. Jefferies Financial Group decreased their target price on shares of SAP from €120.00 ($122.45) to €110.00 ($112.24) and set a “hold” rating for the company in a research report on Monday, June 20th. Exane BNP Paribas lowered shares of SAP from an “outperform” rating to a “neutral” rating and set a $105.00 target price for the company. in a research report on Thursday, June 30th. BMO Capital Markets decreased their target price on shares of SAP from $112.00 to $105.00 and set a “market perform” rating for the company in a research report on Tuesday, July 12th. Barclays decreased their target price on shares of SAP from $108.00 to $106.00 and set an “equal weight” rating for the company in a research report on Friday, July 22nd. Finally, BNP Paribas lowered shares of SAP from an “outperform” rating to a “neutral” rating and set a $105.00 price objective for the company. in a research report on Thursday, June 30th.
SAP Stock Down 0.6 %
SAP stock opened at $83.94 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.22. SAP has a fifty-two week low of $82.41 and a fifty-two week high of $149.92. The firm’s 50-day simple moving average is $89.44 and its 200 day simple moving average is $97.55. The stock has a market cap of $99.01 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.17 and a beta of 1.10.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of SAP by 8.0% in the second quarter. FMR LLC now owns 4,898,418 shares of the software maker’s stock worth $444,385,000 after buying an additional 363,245 shares during the period. Capital International Investors lifted its position in shares of SAP by 58.2% in the first quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock worth $524,270,000 after purchasing an additional 1,729,492 shares in the last quarter. Pendal Group Ltd purchased a new stake in shares of SAP in the second quarter worth approximately $174,257,000. Windacre Partnership LLC lifted its position in shares of SAP by 5.0% in the second quarter. Windacre Partnership LLC now owns 1,541,600 shares of the software maker’s stock worth $139,854,000 after purchasing an additional 73,000 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of SAP by 230.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock worth $154,173,000 after purchasing an additional 969,505 shares in the last quarter. 5.20% of the stock is currently owned by institutional investors and hedge funds.
SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.
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