SAP (NYSE:SAP) Sets New 1-Year High – Here’s Why

Shares of SAP SE (NYSE:SAP) hit a new 52-week high during trading on Monday . The company traded as high as $240.81 and last traded at $240.81, with a volume of 5161 shares traded. The stock had previously closed at $237.69.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays lifted their price objective on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets boosted their price target on shares of SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen increased their price objective on shares of SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. JMP Securities lifted their target price on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 22nd. Finally, Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, SAP presently has a consensus rating of “Moderate Buy” and an average price target of $252.33.

SAP Trading Up 1.2 %

The company’s fifty day moving average price is $223.61 and its two-hundred day moving average price is $205.09. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. The company has a market cap of $295.52 billion, a price-to-earnings ratio of 95.08, a price-to-earnings-growth ratio of 4.54 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, October 21st. The software maker reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.08). The business had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $9.25 billion. SAP had a net margin of 8.15% and a return on equity of 11.44%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 EPS. Research analysts expect that SAP SE will post 4.9 earnings per share for the current year.

Institutional Investors Weigh In On SAP

Hedge funds have recently added to or reduced their stakes in the stock. Godsey & Gibb Inc. bought a new position in shares of SAP in the third quarter worth about $25,000. LRI Investments LLC bought a new position in SAP in the 1st quarter worth approximately $25,000. POM Investment Strategies LLC boosted its position in SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares during the last quarter. Crewe Advisors LLC increased its stake in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in shares of SAP during the first quarter worth $29,000.

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.