SAP (NYSE:SAP) Price Target Raised to $320.00

SAP (NYSE:SAP - Free Report) had its price objective hoisted by BMO Capital Markets from $300.00 to $320.00 in a report released on Wednesday. The firm currently has an outperform rating on the software maker's stock.

A number of other research analysts have also recently issued reports on the stock. Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and upped their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Barclays upped their price target on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Finally, JMP Securities boosted their price target on shares of SAP from $300.00 to $330.00 and gave the stock a "market outperform" rating in a research note on Wednesday, January 29th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $254.67.

SAP Stock Performance

NYSE:SAP traded up $5.95 during mid-day trading on Wednesday, reaching $283.90. The company's stock had a trading volume of 954,912 shares, compared to its average volume of 996,083. The stock has a market cap of $348.77 billion, a P/E ratio of 98.93, a PEG ratio of 4.71 and a beta of 1.28. SAP has a 12-month low of $179.15 and a 12-month high of $293.70. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm's fifty day moving average price is $267.83 and its two-hundred day moving average price is $257.01.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, equities analysts forecast that SAP will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This is a positive change from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP's payout ratio is 35.25%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Fisher Asset Management LLC grew its position in SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker's stock worth $1,260,137,000 after buying an additional 403,956 shares in the last quarter. TD Asset Management Inc. increased its position in shares of SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after buying an additional 890,157 shares in the last quarter. Northern Trust Corp lifted its stake in SAP by 91.2% in the fourth quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after buying an additional 701,880 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after purchasing an additional 798,037 shares in the last quarter. Finally, Bank of America Corp DE raised its position in SAP by 5.7% in the 4th quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock valued at $323,720,000 after buying an additional 70,613 shares during the last quarter.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.