SAP (NYSE:SAP) Reaches New 12-Month Low – Time to Sell?

SAP SE (NYSE:SAP)’s share price hit a new 52-week low on Wednesday . The company traded as low as $187.63 and last traded at $187.1160, with a volume of 373372 shares traded. The stock had previously closed at $190.12.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SAP shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a research report on Friday, January 30th. Barclays set a $283.00 price target on SAP in a report on Monday, February 2nd. Arete Research raised SAP to a “strong-buy” rating in a report on Thursday, December 11th. HSBC upgraded SAP to a “hold” rating in a research report on Tuesday, January 20th. Finally, Citigroup lowered SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Stock Down 2.4%

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $211.61 and a two-hundred day simple moving average of $240.56. The company has a market cap of $228.02 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 2.13 and a beta of 1.18.

SAP (NYSE:SAP) last released its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. The business had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.54%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 earnings per share. As a group, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. raised its holdings in shares of SAP by 15.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock worth $14,272,000 after acquiring an additional 7,066 shares during the period. Seaview Investment Managers LLC boosted its position in shares of SAP by 191.4% during the 3rd quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock valued at $3,138,000 after acquiring an additional 7,714 shares during the last quarter. Cidel Asset Management Inc. grew its holdings in shares of SAP by 9.7% in the third quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock valued at $37,215,000 after purchasing an additional 12,268 shares during the period. Natixis Advisors LLC increased its position in SAP by 2.3% during the third quarter. Natixis Advisors LLC now owns 415,087 shares of the software maker’s stock worth $110,915,000 after purchasing an additional 9,195 shares during the last quarter. Finally, AMF Tjanstepension AB increased its position in SAP by 118.9% during the third quarter. AMF Tjanstepension AB now owns 115,679 shares of the software maker’s stock worth $30,911,000 after purchasing an additional 62,842 shares during the last quarter.

SAP Company Profile

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.