SAP (NYSE:SAP) Reaches New 52-Week High - What's Next?

SAP SE (NYSE:SAP - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $311.58 and last traded at $310.28, with a volume of 313740 shares trading hands. The stock had previously closed at $308.76.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group restated a "buy" rating on shares of SAP in a research report on Friday, May 2nd. BMO Capital Markets raised their price target on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, May 23rd. Argus restated a "buy" rating and set a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. UBS Group upgraded SAP to a "strong-buy" rating in a research report on Friday, May 30th. Finally, Barclays reaffirmed an "overweight" rating and set a $308.00 price objective (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $271.83.

SAP Stock Down 1.7%

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $369.77 billion, a P/E ratio of 57.66, a PEG ratio of 4.43 and a beta of 1.30. The company has a 50 day moving average of $299.09 and a 200-day moving average of $278.96.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. As a group, equities analysts anticipate that SAP SE will post 6.55 EPS for the current year.

Institutional Trading of SAP

Several institutional investors and hedge funds have recently bought and sold shares of SAP. Brighton Jones LLC lifted its holdings in SAP by 91.1% in the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock worth $648,000 after buying an additional 1,255 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in SAP by 16.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 76,495 shares of the software maker's stock worth $18,834,000 after acquiring an additional 10,763 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in SAP during the 4th quarter valued at $2,607,000. Daiwa Securities Group Inc. purchased a new stake in shares of SAP in the 4th quarter worth $366,000. Finally, Independent Advisor Alliance increased its stake in shares of SAP by 2.5% in the 4th quarter. Independent Advisor Alliance now owns 9,922 shares of the software maker's stock worth $2,443,000 after purchasing an additional 239 shares in the last quarter.

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.