A number of other research firms also recently commented on SAP. Royal Bank Of Canada increased their target price on shares of SAP SE from $78.00 to $85.00 and gave the company a sector perform rating in a research report on Thursday, July 21st. Credit Suisse Group AG reaffirmed an outperform rating on shares of SAP SE in a research report on Friday, July 22nd. Barclays PLC reaffirmed an overweight rating and issued a $105.00 target price (down from $108.00) on shares of SAP SE in a research report on Wednesday, July 6th. Deutsche Bank AG reaffirmed a buy rating on shares of SAP SE in a research report on Tuesday, September 27th. Finally, Cowen and Company started coverage on shares of SAP SE in a research report on Thursday, June 23rd. They issued an outperform rating and a $93.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $84.42.
SAP SE (NYSE:SAP) opened at 86.35 on Wednesday. SAP SE has a 12 month low of $71.39 and a 12 month high of $92.76. The firm has a 50 day moving average of $89.31 and a 200-day moving average of $82.76. The firm has a market cap of $103.46 billion, a P/E ratio of 26.03 and a beta of 1.43.
SAP SE (NYSE:SAP) last posted its earnings results on Wednesday, July 20th. The company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.13. SAP SE had a net margin of 16.76% and a return on equity of 16.92%. On average, equities research analysts forecast that SAP SE will post $4.37 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in SAP. Howe & Rusling Inc. boosted its stake in shares of SAP SE by 0.5% in the second quarter. Howe & Rusling Inc. now owns 1,544 shares of the company’s stock valued at $116,000 after buying an additional 7 shares during the period. Shelton Capital Management boosted its stake in shares of SAP SE by 0.3% in the second quarter. Shelton Capital Management now owns 3,677 shares of the company’s stock valued at $276,000 after buying an additional 10 shares during the period. HighPoint Advisor Group LLC boosted its stake in shares of SAP SE by 0.7% in the second quarter. HighPoint Advisor Group LLC now owns 3,108 shares of the company’s stock valued at $271,000 after buying an additional 21 shares during the period. NEXT Financial Group Inc boosted its stake in shares of SAP SE by 1.3% in the second quarter. NEXT Financial Group Inc now owns 1,980 shares of the company’s stock valued at $148,000 after buying an additional 25 shares during the period. Finally, SOL Capital Management CO boosted its stake in shares of SAP SE by 0.3% in the second quarter. SOL Capital Management CO now owns 8,635 shares of the company’s stock valued at $648,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 3.53% of the company’s stock.
SAP SE Company Profile
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
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