Barclays Issues Positive Forecast for SAP (NYSE:SAP) Stock Price

SAP (NYSE:SAP) had its price objective hoisted by Barclays from $283.00 to $286.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the software maker’s stock.

SAP has been the topic of several other research reports. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets increased their price target on shares of SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a research note on Wednesday. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, JMP Securities increased their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Stock Performance

SAP opened at $279.47 on Thursday. SAP has a twelve month low of $173.05 and a twelve month high of $280.53. The firm has a market capitalization of $343.33 billion, a PE ratio of 97.38, a PEG ratio of 3.93 and a beta of 1.22. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. The firm’s 50-day moving average price is $252.13 and its 200 day moving average price is $232.02.

SAP (NYSE:SAP) last posted its quarterly earnings results 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 12.42%. As a group, sell-side analysts expect that SAP will post 6.35 EPS for the current fiscal year.

Hedge Funds Weigh In On SAP

Several hedge funds have recently bought and sold shares of the company. Holocene Advisors LP purchased a new stake in SAP during the third quarter worth about $10,869,000. Atomi Financial Group Inc. boosted its position in SAP by 38.9% in the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker’s stock valued at $3,074,000 after buying an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC boosted its position in SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker’s stock valued at $4,030,000 after buying an additional 11,057 shares during the period. JPMorgan Chase & Co. grew its stake in shares of SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock worth $125,654,000 after acquiring an additional 7,667 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its stake in shares of SAP by 1,496.4% in the third quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker’s stock valued at $2,048,000 after acquiring an additional 8,380 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.