SAP SE (NYSE:SAP) Receives $267.00 Average Price Target from Analysts

SAP SE (NYSE:SAP) has been given a consensus recommendation of “Moderate Buy” by the twenty-one ratings firms that are presently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $264.8333.

Several research analysts have recently commented on the company. Jefferies Financial Group lowered SAP from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Oppenheimer reaffirmed a “market perform” rating on shares of SAP in a research note on Friday, July 24th. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. BMO Capital Markets increased their price target on SAP from $175.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded SAP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SAP. Windacre Partnership LLC increased its holdings in shares of 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 buying an additional 1,336,325 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of SAP by 58.1% in the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after purchasing an additional 973,779 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of SAP during the 1st quarter worth about $150,701,000. Sustainable Growth Advisers LP increased its position in SAP by 1,126.3% during the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock worth $225,102,000 after purchasing an additional 773,720 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in SAP by 1,582.7% in the fourth quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock valued at $198,529,000 after buying an additional 768,725 shares during the period.

SAP Stock Performance

NYSE SAP opened at $183.92 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15. The stock’s fifty day moving average is $165.92 and its two-hundred day moving average is $181.81. The firm has a market capitalization of $225.94 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 2.17 and a beta of 1.12. SAP has a fifty-two week low of $144.97 and a fifty-two week high of $299.48.

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.