SAP (NYSE:SAP) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of SAP (NYSE:SAP) from a buy rating to a hold rating in a research note released on Tuesday morning.

A number of other analysts also recently issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of SAP in a research report on Friday, January 30th. Barclays set a $283.00 price target on SAP in a research note on Monday, February 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research note on Monday, October 27th. Piper Sandler initiated coverage on SAP in a report on Tuesday, February 3rd. They issued an “overweight” rating for the company. Finally, Santander upgraded shares of SAP to a “neutral” rating in a report on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Price Performance

NYSE SAP opened at $196.34 on Tuesday. The firm’s 50 day moving average is $225.72 and its 200-day moving average is $248.88. The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $241.20 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 2.21 and a beta of 1.17. SAP has a 12-month low of $189.22 and a 12-month high of $313.28.

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

Hedge Funds Weigh In On SAP

Several large investors have recently modified their holdings of SAP. CX Institutional boosted its holdings in shares of SAP by 2.0% during the 3rd quarter. CX Institutional now owns 1,961 shares of the software maker’s stock worth $524,000 after buying an additional 38 shares during the period. Kathmere Capital Management LLC lifted its position in SAP by 1.0% during the third quarter. Kathmere Capital Management LLC now owns 4,019 shares of the software maker’s stock worth $1,074,000 after acquiring an additional 40 shares during the last quarter. Binnacle Investments Inc lifted its position in SAP by 14.2% during the third quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock worth $90,000 after acquiring an additional 42 shares during the last quarter. Certuity LLC boosted its holdings in shares of SAP by 2.4% during the second quarter. Certuity LLC now owns 1,866 shares of the software maker’s stock worth $568,000 after acquiring an additional 43 shares during the period. Finally, Spire Wealth Management grew its position in shares of SAP by 6.2% in the fourth quarter. Spire Wealth Management now owns 740 shares of the software maker’s stock valued at $180,000 after purchasing an additional 43 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.