SAP’s (SAP) “Buy” Rating Reiterated at Jefferies Financial Group

SAP (NYSE:SAP)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a note issued to investors on Tuesday, Marketbeat.com reports.

SAP has been the topic of several other research reports. Oppenheimer reaffirmed a “market perform” rating on shares of SAP in a research note on Friday, July 24th. TD Cowen reissued a “buy” rating on shares of SAP in a research report on Friday, July 24th. Weiss Ratings upgraded SAP from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Citigroup reiterated a “buy” rating on shares of SAP in a research note on Tuesday. Finally, UBS Group lowered shares of SAP from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $256.29.

SAP Price Performance

Shares of NYSE SAP traded down $1.43 during mid-day trading on Tuesday, reaching $209.19. The company had a trading volume of 1,172,371 shares, compared to its average volume of 2,050,400. The company has a 50-day moving average price of $200.98 and a two-hundred day moving average price of $181.60. The stock has a market cap of $256.99 billion, a PE ratio of 26.28, a P/E/G ratio of 2.48 and a beta of 1.14. SAP has a 1-year low of $144.97 and a 1-year high of $281.36. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.19.

SAP (NYSE:SAP) last posted its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) 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 analyst estimates of $11.30 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. SAP’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts anticipate that SAP will post 8.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in SAP by 15.9% in the first quarter. Bank of America Corp DE now owns 2,018,383 shares of the software maker’s stock worth $345,567,000 after purchasing an additional 276,263 shares in the last quarter. Tidal Investments LLC raised its stake in shares of SAP by 18.5% during the second quarter. Tidal Investments LLC now owns 1,214,315 shares of the software maker’s stock worth $187,138,000 after buying an additional 189,591 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of SAP during the 1st quarter valued at $150,701,000. Ruane Cunniff & Goldfarb L.P. lifted its stake in SAP by 1,532.8% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock valued at $128,392,000 after buying an additional 703,982 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of SAP by 48.2% in the 1st quarter. Principal Financial Group Inc. now owns 550,531 shares of the software maker’s stock valued at $94,257,000 after acquiring an additional 179,040 shares during the period.

About SAP

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.