JMP Securities Reaffirms "Market Outperform" Rating for SAP (NYSE:SAP)

SAP (NYSE:SAP - Get Free Report)'s stock had its "market outperform" rating reaffirmed by equities researchers at JMP Securities in a report issued on Friday,Benzinga reports. They currently have a $330.00 price target on the software maker's stock. JMP Securities' price target would suggest a potential upside of 12.58% from the company's previous close.

SAP has been the subject of a number of other reports. Royal Bank of Canada reissued an "outperform" rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. Barclays reissued an "overweight" rating and set a $308.00 price objective (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Argus reiterated a "buy" rating and set a $320.00 price objective on shares of SAP in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company initiated coverage on shares of SAP in a research note on Tuesday. They issued an "overweight" rating on the stock. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $265.43.

SAP Stock Performance

NYSE SAP opened at $293.13 on Friday. SAP has a 1 year low of $179.43 and a 1 year high of $306.14. The firm has a market capitalization of $360.12 billion, a P/E ratio of 102.11, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. The firm's fifty day moving average price is $275.05 and its two-hundred day moving average price is $264.74. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, research analysts anticipate that SAP will post 6.55 EPS for the current year.

Institutional Investors Weigh In On SAP

A number of large investors have recently bought and sold shares of SAP. Centricity Wealth Management LLC purchased a new position in shares of SAP during the 4th quarter valued at about $25,000. Bartlett & CO. Wealth Management LLC grew its stake in shares of SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after purchasing an additional 82 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. lifted its stake in shares of SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after purchasing an additional 108 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its position in SAP by 153.5% during the first quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after buying an additional 66 shares during the period.

About SAP

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.

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