JMP Securities Raises SAP (NYSE:SAP) Price Target to $300.00

SAP (NYSE:SAP) had its price objective raised by JMP Securities from $245.00 to $300.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a market outperform rating on the software maker’s stock.

Other equities analysts have also issued research reports about the company. Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen boosted their price objective on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Barclays raised their target price on shares of SAP from $251.00 to $252.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, BMO Capital Markets boosted their target price on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $252.33.

SAP Trading Up 1.6 %

NYSE:SAP opened at $238.34 on Tuesday. The stock has a market cap of $292.80 billion, a price-to-earnings ratio of 95.34, a PEG ratio of 4.42 and a beta of 1.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average price is $222.71 and its 200-day moving average price is $204.27. SAP has a 52 week low of $130.63 and a 52 week high of $238.48.

SAP (NYSE:SAP) last issued its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.39%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.20 earnings per share. On average, equities research analysts forecast that SAP will post 4.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SAP

A number of hedge funds have recently modified their holdings of the business. Cetera Advisors LLC lifted 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 valued at $2,939,000 after purchasing an additional 8,003 shares in the last quarter. BNP Paribas Financial Markets grew its stake 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 valued at $5,141,000 after acquiring an additional 4,596 shares during the period. Creative Planning increased its holdings in SAP by 18.0% in the 3rd quarter. Creative Planning now owns 95,434 shares of the software maker’s stock worth $21,864,000 after acquiring an additional 14,546 shares in the last quarter. Wealthspire Advisors LLC bought a new stake in SAP during the 1st quarter worth approximately $237,000. Finally, CWM LLC lifted its holdings in SAP by 9.1% during the second quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after purchasing an additional 240 shares in 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.