SAP (NYSE:SAP) Shares Gap Down – Here’s Why

SAP SE (NYSE:SAP) gapped down prior to trading on Thursday . The stock had previously closed at $264.12, but opened at $257.74. SAP shares last traded at $256.73, with a volume of 185,902 shares trading hands.

Analyst Ratings Changes

Several analysts have weighed in on SAP shares. BMO Capital Markets boosted their target price on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. JMP Securities increased their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Finally, TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, SAP has an average rating of “Buy” and an average target price of $248.83.

SAP Price Performance

The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $272.94 and a 200 day moving average price of $247.23. The stock has a market capitalization of $315.22 billion, a price-to-earnings ratio of 89.46, a PEG ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, equities research analysts expect that SAP SE will post 6.55 earnings per share for the current year.

Hedge Funds Weigh In On SAP

Large investors have recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC acquired a new position in shares of SAP during the 3rd quarter worth about $356,000. Mesirow Financial Investment Management Inc. increased its stake in SAP by 10.8% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 1,326 shares of the software maker’s stock worth $304,000 after buying an additional 129 shares in the last quarter. Aptus Capital Advisors LLC acquired a new position in shares of SAP during the third quarter valued at approximately $206,000. Chase Investment Counsel Corp lifted its position in shares of SAP by 1.7% in the third quarter. Chase Investment Counsel Corp now owns 18,941 shares of the software maker’s stock valued at $4,339,000 after acquiring an additional 318 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of SAP in the third quarter worth approximately $210,000.

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.