SAP (NYSE:SAP) Hits New 1-Year Low – Time to Sell?

SAP SE (NYSE:SAP) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $163.28 and last traded at $160.8340, with a volume of 465431 shares traded. The stock had previously closed at $169.18.

Analyst Ratings Changes

A number of brokerages recently issued reports on SAP. Citigroup cut SAP from a “buy” rating to a “hold” rating in a report on Friday, January 30th. Citizens Jmp cut SAP from an “outperform” rating to a “market perform” rating in a research note on Friday, January 30th. Zacks Research cut SAP from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. HSBC upgraded SAP to a “hold” rating in a research note on Tuesday, January 20th. Finally, Piper Sandler started coverage on SAP in a research note on Tuesday, February 3rd. They set an “overweight” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Trading Down 3.8%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50 day simple moving average of $191.01 and a two-hundred day simple moving average of $230.40. The firm has a market capitalization of $199.85 billion, a P/E ratio of 23.04, a PEG ratio of 1.94 and a beta of 1.24.

SAP (NYSE:SAP) last issued its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.13. SAP had a return on equity of 16.54% and a net margin of 19.92%.The business had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same period last year, the business earned $1.40 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Institutional Investors Weigh In On SAP

Large investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. increased its position in SAP by 15.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock worth $14,272,000 after buying an additional 7,066 shares in the last quarter. Seaview Investment Managers LLC increased its position in SAP by 191.4% in the third quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock worth $3,138,000 after buying an additional 7,714 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in SAP in the third quarter worth about $32,760,000. Cidel Asset Management Inc. increased its position in SAP by 9.7% in the third quarter. Cidel Asset Management Inc. now owns 139,273 shares of the software maker’s stock worth $37,215,000 after buying an additional 12,268 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in SAP by 2.3% in the third quarter. Natixis Advisors LLC now owns 415,087 shares of the software maker’s stock worth $110,915,000 after buying an additional 9,195 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.