SAP’s (SAP) Market Outperform Rating Reaffirmed at JMP Securities

JMP Securities restated their market outperform rating on shares of SAP (NYSE:SAP) in a research note released on Friday,Benzinga reports. JMP Securities currently has a $330.00 price target on the software maker’s stock.

A number of other brokerages also recently commented on SAP. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research report on Thursday, January 30th. Barclays reissued an “overweight” rating and issued a $308.00 price target (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research note on Friday, May 2nd. BMO Capital Markets increased their price objective on shares of SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Wells Fargo & Company began coverage on shares of SAP in a report on Tuesday. They set an “overweight” rating on the stock. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $271.83.

SAP Stock Performance

SAP stock opened at $294.89 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The stock has a fifty day moving average of $275.53 and a two-hundred day moving average of $265.15. The company has a market capitalization of $362.27 billion, a price-to-earnings ratio of 102.75, a PEG ratio of 4.71 and a beta of 1.35. SAP has a fifty-two week low of $179.43 and a fifty-two week high of $303.40.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, analysts anticipate that SAP will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were given a dividend of $2.5423 per share. This represents a yield of 0.8%. The ex-dividend date was Tuesday, May 13th. This is an increase from SAP’s previous annual dividend of $2.39. SAP’s payout ratio is 35.25%.

Institutional Investors Weigh In On SAP

A number of institutional investors have recently added to or reduced their stakes in SAP. Koshinski Asset Management Inc. grew its position in SAP by 13.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 1,051 shares of the software maker’s stock valued at $259,000 after acquiring an additional 122 shares during the period. Simon Quick Advisors LLC grew its position in SAP by 16.8% during the fourth quarter. Simon Quick Advisors LLC now owns 1,697 shares of the software maker’s stock valued at $418,000 after acquiring an additional 244 shares during the period. Dakota Wealth Management purchased a new stake in SAP during the fourth quarter valued at about $795,000. Avior Wealth Management LLC grew its position in SAP by 37.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,606 shares of the software maker’s stock valued at $395,000 after acquiring an additional 436 shares during the period. Finally, Veracity Capital LLC grew its position in SAP by 4.9% during the fourth quarter. Veracity Capital LLC now owns 1,132 shares of the software maker’s stock valued at $279,000 after acquiring an additional 53 shares during the period.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.