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

SAP SE (NYSE:SAP) reached a new 52-week high during trading on Tuesday . The company traded as high as $284.97 and last traded at $285.77, with a volume of 75528 shares changing hands. The stock had previously closed at $280.74.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SAP shares. JMP Securities lifted their price target on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. TD Cowen upgraded SAP from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $305.00 in a research note on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Finally, Barclays boosted their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, SAP currently has a consensus rating of “Buy” and a consensus price target of $248.83.

SAP Price Performance

The business’s 50-day simple moving average is $259.11 and its two-hundred day simple moving average is $236.44. The stock has a market cap of $353.16 billion, a price-to-earnings ratio of 100.18, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SAP. Oppenheimer & Co. Inc. lifted its stake in SAP by 4.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after buying an additional 38 shares during the period. Lindbrook Capital LLC boosted its stake in SAP by 2.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after acquiring an additional 43 shares in the last quarter. Foster Group Inc. grew its holdings in SAP by 4.3% in the fourth quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock worth $268,000 after purchasing an additional 45 shares during the period. Wedmont Private Capital increased its stake in SAP by 2.4% in the fourth quarter. Wedmont Private Capital now owns 1,927 shares of the software maker’s stock valued at $485,000 after purchasing an additional 46 shares in the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of SAP by 3.0% during the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker’s stock valued at $390,000 after purchasing an additional 46 shares during the period.

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.