Shares of SAP SE (NYSE:SAP - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $304.43 and last traded at $302.94, with a volume of 286184 shares. The stock had previously closed at $294.87.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on SAP. Royal Bank of Canada reiterated an "outperform" rating and issued a $38.00 target price on shares of SAP in a research report on Thursday, January 30th. BMO Capital Markets raised their price target on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Wells Fargo & Company assumed coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating for the company. Barclays reaffirmed an "overweight" rating and issued a $308.00 price objective (up previously from $286.00) on shares of SAP in a research note on Thursday, April 24th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $271.83.
View Our Latest Report on SAP
SAP Stock Performance
The firm has a market cap of $366.19 billion, a price-to-earnings ratio of 103.97, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The firm's 50 day moving average is $277.11 and its 200-day moving average is $266.43.
SAP (NYSE:SAP - Get Free Report) last released its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The firm had revenue of $10.35 billion during the quarter, compared to analyst estimates of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. Sell-side analysts anticipate that SAP SE will post 6.55 earnings per share for the current fiscal year.
SAP Increases Dividend
The company also recently announced an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were given a dividend of $2.5423 per share. This is a positive change from SAP's previous annual dividend of $2.39. The ex-dividend date was Tuesday, May 13th. This represents a yield of 0.8%. SAP's payout ratio is currently 35.25%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Centricity Wealth Management LLC acquired a new position in SAP during the 4th quarter valued at $25,000. Bartlett & CO. Wealth Management LLC increased its holdings 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 bought a new position in shares of SAP during the 4th quarter worth about $27,000. Rakuten Securities Inc. increased its holdings in shares of SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock worth $28,000 after purchasing an additional 108 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after purchasing an additional 66 shares during the period.
SAP Company Profile
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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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