SAP (NYSE:SAP) Stock Rating Lowered by Wall Street Zen

SAP (NYSE:SAP) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Other equities research analysts also recently issued reports about the company. Piper Sandler assumed coverage on SAP in a report on Tuesday, February 3rd. They set an “overweight” rating on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SAP in a research report on Wednesday, January 28th. BMO Capital Markets reiterated an “outperform” rating on shares of SAP in a research note on Friday, January 30th. KeyCorp reissued an “overweight” rating on shares of SAP in a research report on Thursday, October 23rd. Finally, Arete Research raised shares of SAP to a “strong-buy” rating in a report on Thursday, December 11th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and an average target price of $305.75.

SAP Stock Performance

Shares of SAP stock opened at $210.55 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13. The company has a market cap of $258.66 billion, a PE ratio of 29.87, a P/E/G ratio of 2.24 and a beta of 1.17. The company’s fifty day simple moving average is $234.94 and its 200-day simple moving average is $255.47. SAP has a 52 week low of $189.22 and a 52 week high of $313.28.

SAP (NYSE:SAP) last announced its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.13. The firm had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. SAP had a return on equity of 16.52% and a net margin of 19.92%.The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 EPS. As a group, equities research analysts anticipate that SAP will post 6.55 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Windacre Partnership LLC increased its holdings in SAP by 130.9% in the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after buying an additional 1,336,325 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in SAP by 9.0% during the 2nd quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock worth $4,305,242,000 after buying an additional 1,163,616 shares during the last quarter. Bank of America Corp DE grew its position in shares of SAP by 58.1% in the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after acquiring an additional 973,779 shares in the last quarter. Sustainable Growth Advisers LP increased its holdings in shares of SAP by 1,126.3% in the 3rd quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock valued at $225,102,000 after acquiring an additional 773,720 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of SAP by 1,582.7% during the 4th quarter. M&T Bank Corp now owns 817,295 shares of the software maker’s stock valued at $198,529,000 after acquiring an additional 768,725 shares in the last quarter.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.