SAP SE (NYSE:SAP) Receives $206.20 Average Price Target from Brokerages

SAP SE (NYSE:SAP) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $216.40.

Several research analysts have issued reports on SAP shares. Jefferies Financial Group raised SAP from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. KeyCorp initiated coverage on SAP in a report on Thursday, March 21st. They issued an “overweight” rating on the stock. JMP Securities boosted their price objective on SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 23rd. BMO Capital Markets upped their target price on shares of SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Finally, Barclays lowered their price target on shares of SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th.

SAP Price Performance

NYSE SAP opened at $195.38 on Friday. The stock’s 50 day simple moving average is $188.70 and its 200 day simple moving average is $173.65. SAP has a one year low of $126.75 and a one year high of $199.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.25.

SAP (NYSE:SAP) last announced its earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). The business had revenue of $8.73 billion during the quarter, compared to analyst estimates of $8.73 billion. SAP had a net margin of 15.76% and a return on equity of 9.79%. Sell-side analysts anticipate that SAP will post 4.56 EPS for the current fiscal year.

SAP Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be issued a dividend of $2.3852 per share. The ex-dividend date is Thursday, May 16th. This is a positive change from SAP’s previous annual dividend of $2.19. This represents a yield of 0.9%. SAP’s payout ratio is currently 37.53%.

Institutional Investors Weigh In On SAP

A number of hedge funds have recently modified their holdings of SAP. Cetera Advisors LLC boosted its position in 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 acquiring an additional 8,003 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of SAP by 454.3% during the 1st quarter. Cetera Investment Advisers now owns 38,394 shares of the software maker’s stock worth $7,488,000 after purchasing an additional 31,468 shares in the last quarter. Burney Co. raised its position in SAP by 6.5% during the first quarter. Burney Co. now owns 7,793 shares of the software maker’s stock worth $1,520,000 after acquiring an additional 475 shares in the last quarter. LRI Investments LLC bought a new position in shares of SAP in the 1st quarter valued at about $25,000. Finally, Tidal Investments LLC lifted its stake in SAP by 99.0% in the 1st quarter. Tidal Investments LLC now owns 8,162 shares of the software maker’s stock valued at $1,592,000 after purchasing an additional 4,061 shares during the last quarter.

SAP Company Profile

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.