SAP (NYSE:SAP) Announces Earnings Results, Beats Estimates By $0.07 EPS

SAP (NYSE:SAP - Get Free Report) posted its earnings results on Tuesday. The software maker reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.07, Zacks reports. SAP had a return on equity of 14.77% and a net margin of 18.26%. The firm had revenue of $10.58 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the business earned $1.10 EPS. The business's revenue for the quarter was up 8.9% on a year-over-year basis.

SAP Price Performance

Shares of SAP stock traded down $1.74 during trading on Thursday, reaching $288.89. 1,099,876 shares of the stock traded hands, compared to its average volume of 1,320,802. The company has a market capitalization of $354.91 billion, a price-to-earnings ratio of 47.83, a P/E/G ratio of 4.35 and a beta of 1.30. The business has a fifty day simple moving average of $300.49 and a two-hundred day simple moving average of $282.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. SAP has a 52-week low of $194.93 and a 52-week high of $313.28.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SAP. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of SAP during the first quarter valued at approximately $2,681,000. AQR Capital Management LLC raised its stake in shares of SAP by 49.0% during the first quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker's stock valued at $4,378,000 after acquiring an additional 5,363 shares in the last quarter. Brighton Jones LLC raised its stake in shares of SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker's stock valued at $648,000 after acquiring an additional 1,255 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in shares of SAP during the first quarter valued at approximately $242,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SAP shares. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. JMP Securities upped their price objective on SAP from $330.00 to $375.00 and gave the company a "market outperform" rating in a research report on Wednesday. Wall Street Zen raised SAP from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Barclays reiterated an "overweight" rating and set a $308.00 target price (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Finally, Argus reaffirmed a "buy" rating and issued a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $279.33.

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.