SAP (NYSE:SAP) Price Target Raised to $275.00

SAP (NYSE:SAP) had its price target lifted by Barclays from $252.00 to $275.00 in a research note published on Wednesday, Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

A number of other research firms have also recently commented on SAP. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets increased their target price on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. TD Cowen lifted their target price on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, JMP Securities increased their price target on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $252.33.

SAP Stock Performance

NYSE SAP opened at $237.69 on Wednesday. The stock has a fifty day simple moving average of $223.61 and a 200-day simple moving average of $204.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock has a market cap of $292.00 billion, a PE ratio of 51.56, a P/E/G ratio of 4.42 and a beta of 1.25. SAP has a twelve month low of $130.63 and a twelve month high of $240.08.

SAP (NYSE:SAP) last announced its earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a return on equity of 11.39% and a net margin of 8.15%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $1.20 EPS. Equities analysts anticipate that SAP will post 4.83 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC lifted its position in shares of SAP by 113.3% during the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after purchasing an additional 8,003 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of SAP by 21.1% during the 1st quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock worth $5,141,000 after acquiring an additional 4,596 shares in the last quarter. Creative Planning increased its holdings in shares of SAP by 18.0% in the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock valued at $21,864,000 after acquiring an additional 14,546 shares during the last quarter. Wealthspire Advisors LLC acquired a new stake in shares of SAP during the 1st quarter worth about $237,000. Finally, CWM LLC lifted its stake in SAP by 9.1% during the second quarter. CWM LLC now owns 2,867 shares of the software maker’s stock worth $578,000 after purchasing an additional 240 shares during the last quarter.

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.