SAP (NYSE:SAP) Sets New 12-Month High - Time to Buy?

SAP SE (NYSE:SAP - Get Free Report) shares reached a new 52-week high during trading 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.

Analysts Set New Price Targets

A number of research analysts recently commented on SAP shares. UBS Group raised SAP to a "strong-buy" rating in a research note on Friday, May 30th. Piper Sandler initiated coverage on SAP in a research note on Tuesday, June 17th. They set an "overweight" rating on the stock. 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. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Finally, Wall Street Zen raised SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $271.83.

SAP Stock Down 1.5%

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 $377.37 billion, a P/E ratio of 58.86, a PEG ratio of 4.38 and a beta of 1.30. The company has a 50 day moving average of $298.74 and a 200-day moving average of $278.56.

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 large investors have recently modified their holdings of the business. Fulton Bank N.A. bought a new stake in shares of SAP in the second quarter worth about $427,000. Family Legacy Financial Solutions LLC bought a new stake in SAP during the 2nd quarter valued at approximately $1,772,000. NorthCrest Asset Manangement LLC boosted its position in SAP by 1.2% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 79,767 shares of the software maker's stock valued at $24,227,000 after acquiring an additional 976 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new stake in SAP during the 2nd quarter valued at approximately $625,000. Finally, Sovran Advisors LLC boosted its position in SAP by 83.5% during the 2nd quarter. Sovran Advisors LLC now owns 1,894 shares of the software maker's stock valued at $585,000 after acquiring an additional 862 shares in 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.