Brokerages Set SAP SE (NYSE:SAP) Price Target at $281.67

SAP SE (NYSE:SAP) has been assigned an average rating of “Buy” from the fifteen research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $281.6667.

A number of research analysts have issued reports on the company. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research note on Friday. Piper Sandler assumed coverage on SAP in a research note on Tuesday, June 17th. They issued an “overweight” rating for the company. Weiss Ratings restated a “buy (b)” rating on shares of SAP in a research note on Saturday, September 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SAP in a research report on Tuesday, September 16th. Finally, Oddo Bhf raised SAP from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 24th.

SAP Stock Up 1.4%

Shares of NYSE:SAP opened at $274.27 on Tuesday. The company has a market capitalization of $336.94 billion, a PE ratio of 45.41, a price-to-earnings-growth ratio of 3.89 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day moving average price of $272.73 and a two-hundred day moving average price of $282.49. SAP has a 1 year low of $217.51 and a 1 year high of $313.28.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. The firm had revenue of $10.58 billion during the quarter, compared to the consensus estimate of $9.10 billion. SAP had a return on equity of 14.84% and a net margin of 18.26%.The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS. Analysts forecast that SAP will post 6.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Heartwood Wealth Advisors LLC purchased a new position in shares of SAP during the 3rd quarter valued at $94,000. Cardinal Capital Management Inc. lifted its position in shares of SAP by 3.1% during the 3rd quarter. Cardinal Capital Management Inc. now owns 79,828 shares of the software maker’s stock valued at $21,331,000 after buying an additional 2,374 shares during the last quarter. Park National Corp OH lifted its position in shares of SAP by 28.8% during the 3rd quarter. Park National Corp OH now owns 2,023 shares of the software maker’s stock valued at $541,000 after buying an additional 452 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of SAP by 8.3% during the 2nd quarter. Corient Private Wealth LLC now owns 39,697 shares of the software maker’s stock valued at $12,072,000 after buying an additional 3,045 shares during the last quarter. Finally, Caldwell Trust Co purchased a new stake in SAP during the 2nd quarter worth about $231,000.

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.