SAP (NYSE:SAP) Stock Rating Upgraded by Argus

Argus upgraded shares of SAP (NYSE:SAP) from a hold rating to a buy rating in a report released on Wednesday morning, MarketBeat.com reports.

A number of other brokerages have also recently issued reports on SAP. Sanford C. Bernstein assumed coverage on SAP in a report on Thursday, May 23rd. They set an outperform rating and a $227.00 target price for the company. TD Cowen boosted 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. BMO Capital Markets boosted their target price on SAP from $237.00 to $248.00 and gave the stock an outperform rating in a report on Tuesday, July 23rd. StockNews.com cut SAP from a strong-buy rating to a buy rating in a report on Thursday, April 18th. Finally, JMP Securities upped their price target on SAP from $220.00 to $245.00 and gave the stock a market outperform rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $225.17.

SAP Stock Performance

NYSE SAP opened at $204.72 on Wednesday. SAP has a 12 month low of $126.75 and a 12 month high of $214.94. The company has a 50-day moving average of $197.84 and a 200-day moving average of $189.29. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter in the prior year, the company posted $0.71 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts anticipate that SAP will post 4.75 earnings per share for the current year.

Hedge Funds Weigh In On SAP

Institutional investors and hedge funds have recently made changes to their positions in the business. Northwest Investment Counselors LLC purchased a new position in shares of SAP during the 1st quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in shares of SAP during the 1st quarter valued at approximately $25,000. POM Investment Strategies LLC raised its position in shares of SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after acquiring an additional 116 shares in the last quarter. Crewe Advisors LLC raised its position in shares of SAP by 1,270.0% during the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after acquiring an additional 127 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in SAP in the first quarter worth $29,000.

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.