SAP (NYSE:SAP) Lowered to Hold Rating by Wall Street Zen

SAP (NYSE:SAP - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Several other brokerages have also weighed in on SAP. Argus reaffirmed a "buy" rating and issued a $320.00 target price on shares of SAP in a research report on Tuesday, April 29th. Piper Sandler began coverage on SAP in a report on Tuesday. They set an "overweight" rating on the stock. UBS Group raised SAP to a "strong-buy" rating in a report on Friday, May 30th. Barclays reissued an "overweight" rating and set a $308.00 price objective (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Finally, JMP Securities reissued a "market outperform" rating and set a $330.00 price objective on shares of SAP in a report on Friday, May 23rd. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, SAP currently has a consensus rating of "Buy" and an average target price of $271.83.

SAP Trading Down 0.8%

Shares of NYSE SAP opened at $287.60 on Friday. SAP has a 12 month low of $191.59 and a 12 month high of $311.40. The company has a market cap of $353.31 billion, a price-to-earnings ratio of 55.10, a P/E/G ratio of 4.16 and a beta of 1.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $290.31 and a 200-day simple moving average of $274.09.

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 (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. Sell-side analysts predict that SAP will post 6.55 EPS for the current year.

Institutional Trading of SAP

Hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of SAP by 152.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock worth $101,969,000 after acquiring an additional 249,824 shares during the period. D.A. Davidson & CO. lifted its position in shares of SAP by 98.9% during the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock worth $633,000 after buying an additional 1,279 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of SAP by 164.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker's stock worth $660,000 after buying an additional 1,667 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of SAP by 89.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 5,511 shares of the software maker's stock worth $1,357,000 after buying an additional 2,601 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of SAP by 41.3% during the 4th quarter. Deutsche Bank AG now owns 4,773 shares of the software maker's stock worth $1,175,000 after buying an additional 1,396 shares during the period.

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.

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