SAP (NYSE:SAP) PT Raised to $252.00 at Barclays

SAP (NYSE:SAP) had its price target lifted by analysts at Barclays from $251.00 to $252.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. Barclays‘s target price points to a potential upside of 11.58% from the stock’s previous close.

Other analysts also recently issued research reports about the company. BMO Capital Markets raised their price objective on SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. TD Cowen increased their target price on SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Argus raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, JMP Securities raised their price target on SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SAP currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.17.

SAP Price Performance

NYSE SAP opened at $225.85 on Monday. SAP has a twelve month low of $127.30 and a twelve month high of $231.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $277.46 billion, a PE ratio of 48.99, a P/E/G ratio of 4.38 and a beta of 1.25. The stock has a 50-day simple moving average of $216.30 and a 200 day simple moving average of $200.49.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The business had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. Research analysts anticipate that SAP will post 4.78 EPS for the current year.

Institutional Trading of SAP

A number of institutional investors have recently modified their holdings of the company. Cetera Advisors LLC increased its position in SAP by 113.3% during the first quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock worth $2,939,000 after buying an additional 8,003 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of SAP by 21.1% during the first 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 during the period. Wealthspire Advisors LLC bought a new stake in shares of SAP during the first quarter worth approximately $237,000. CWM LLC boosted its holdings in shares of 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 acquiring an additional 240 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of SAP by 4.2% during the second quarter. Sei Investments Co. now owns 168,264 shares of the software maker’s stock worth $33,941,000 after acquiring an additional 6,785 shares during the period.

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.