SAP (NYSE:SAP) Hits New 12-Month High at $139.25

Posted by Defense World Staff on Jun 18th, 2023

SAP SE (NYSE:SAP – Get Rating) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $139.25 and last traded at $138.77, with a volume of 65424 shares changing hands. The stock had previously closed at $137.04.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. BMO Capital Markets boosted their target price on SAP from $125.00 to $140.00 in a research report on Monday, April 24th. Sanford C. Bernstein boosted their target price on SAP from $154.00 to $169.00 in a research report on Thursday, May 11th. StockNews.com assumed coverage on SAP in a research report on Thursday, May 18th. They issued a “strong-buy” rating on the stock. BNP Paribas raised SAP from a “neutral” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, March 17th. Finally, Barclays upped their price objective on SAP from $134.00 to $136.00 in a research report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.20.

SAP Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50 day moving average is $132.21 and its 200 day moving average is $121.05. The stock has a market cap of $161.93 billion, a price-to-earnings ratio of 76.69, a P/E/G ratio of 2.25 and a beta of 1.19.

SAP (NYSE:SAP – Get Rating) last issued its earnings results on Friday, April 21st. The software maker reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The firm had revenue of $7.98 billion for the quarter, compared to analyst estimates of $7.97 billion. SAP had a return on equity of 5.47% and a net margin of 6.47%. As a group, equities analysts expect that SAP SE will post 4.09 earnings per share for the current fiscal year.

SAP Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, May 22nd. Shareholders of record on Monday, May 15th were paid a $2.1864 dividend. The ex-dividend date was Friday, May 12th. This represents a yield of 1.3%. SAP’s dividend payout ratio is presently 89.94%.

Hedge Funds Weigh In On SAP

Several large investors have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. acquired a new position in SAP in the first quarter valued at $240,000. Golden State Equity Partners purchased a new stake in shares of SAP in the first quarter valued at about $455,000. Toroso Investments LLC purchased a new stake in shares of SAP in the first quarter valued at about $91,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of SAP by 15.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,592 shares of the software maker’s stock valued at $455,000 after buying an additional 475 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co purchased a new stake in shares of SAP in the first quarter valued at about $1,898,000. Institutional investors and hedge funds own 5.23% of the company’s stock.

About SAP

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SAP SE, together with its subsidiaries, provides enterprise application software products worldwide. The company operates through Applications, Technology & Services; Qualtrics; Business Network; and Sustainability segments. It offers SAP S/4HANA that offers 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; spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.