SAP SE (NYSE:SAP) Receives $109.00 Average Price Target from Brokerages

SAP SE (NYSE:SAPGet Rating) has received an average recommendation of “Buy” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $105.29.

Several brokerages have commented on SAP. Oppenheimer lowered shares of SAP from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 20th. Jefferies Financial Group decreased their target price on shares of SAP from €130.00 ($139.78) to €120.00 ($129.03) and set a “buy” rating on the stock in a research report on Friday. Cowen decreased their target price on shares of SAP from $145.00 to $136.00 and set a “market perform” rating on the stock in a research report on Friday, January 28th. Credit Suisse Group assumed coverage on shares of SAP in a research report on Thursday, March 31st. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research upgraded shares of SAP from a “strong sell” rating to a “hold” rating and set a $113.00 price objective on the stock in a research report on Monday, March 14th.

SAP traded down $0.82 during trading on Friday, hitting $103.03. The stock had a trading volume of 15,597 shares, compared to its average volume of 1,106,521. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $126.57 billion, a P/E ratio of 20.95, a PEG ratio of 5.95 and a beta of 1.15. The company’s 50-day moving average price is $110.70 and its 200 day moving average price is $127.87. SAP has a twelve month low of $102.22 and a twelve month high of $151.48.

SAP (NYSE:SAPGet Rating) last announced its quarterly earnings data on Thursday, January 27th. The software maker reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.07). The firm had revenue of $9.13 billion during the quarter, compared to analyst estimates of $9.13 billion. SAP had a net margin of 18.90% and a return on equity of 15.57%. As a group, equities analysts expect that SAP will post 3.17 earnings per share for the current fiscal year.

The company also recently announced an annual dividend, which will be paid on Tuesday, May 31st. Investors of record on Friday, May 20th will be paid a $2.66 dividend. This is an increase from SAP’s previous annual dividend of $2.19. The ex-dividend date is Thursday, May 19th. This represents a yield of 1.9%. SAP’s payout ratio is presently 33.13%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Asset Dedication LLC increased its stake in shares of SAP by 151.9% during the 1st quarter. Asset Dedication LLC now owns 3,247 shares of the software maker’s stock valued at $356,000 after acquiring an additional 1,958 shares during the last quarter. CWM LLC increased its stake in shares of SAP by 19.4% during the 1st quarter. CWM LLC now owns 1,261 shares of the software maker’s stock valued at $140,000 after acquiring an additional 205 shares during the last quarter. Cardinal Capital Management increased its stake in shares of SAP by 3.7% during the 1st quarter. Cardinal Capital Management now owns 25,201 shares of the software maker’s stock valued at $2,796,000 after acquiring an additional 889 shares during the last quarter. Capital Insight Partners LLC increased its stake in shares of SAP by 14.3% during the 1st quarter. Capital Insight Partners LLC now owns 21,582 shares of the software maker’s stock valued at $2,395,000 after acquiring an additional 2,701 shares during the last quarter. Finally, Koshinski Asset Management Inc. acquired a new position in shares of SAP during the 1st quarter valued at about $48,000.

About SAP (Get Rating)

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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