SAP (NYSE:SAP) Now Covered by Piper Sandler

Investment analysts at Piper Sandler initiated coverage on shares of SAP (NYSE:SAP - Get Free Report) in a report issued on Tuesday,Briefing.com Automated Import reports. The firm set an "overweight" rating on the software maker's stock.

A number of other brokerages also recently weighed in on SAP. UBS Group raised SAP to a "strong-buy" rating in a research report on Friday, May 30th. Wells Fargo & Company initiated coverage on shares of SAP in a research report on Tuesday, May 20th. They set an "overweight" rating for the company. JMP Securities reaffirmed a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a research report on Friday, May 23rd. Argus reiterated a "buy" rating and set a $320.00 price objective on shares of SAP in a research note on Tuesday, April 29th. Finally, Barclays restated an "overweight" rating and issued a $308.00 target price (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $271.83.

SAP Trading Up 0.9%

NYSE:SAP opened at $296.09 on Tuesday. The firm has a 50-day simple moving average of $287.87 and a 200-day simple moving average of $273.21. SAP has a one year low of $188.17 and a one year high of $311.40. The firm has a market cap of $363.74 billion, a P/E ratio of 103.17, a P/E/G ratio of 4.71 and a beta of 1.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion for 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%. Equities analysts anticipate that SAP will post 6.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Principal Street Partners LLC raised its stake in SAP by 1.0% in the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock worth $908,000 after acquiring an additional 35 shares during the last quarter. Independent Advisor Alliance increased its holdings in shares of SAP by 0.4% in the first quarter. Independent Advisor Alliance now owns 9,957 shares of the software maker's stock valued at $2,673,000 after purchasing an additional 35 shares during the period. Cordatus Wealth Management LLC raised its stake in shares of SAP by 1.1% in the first quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker's stock worth $889,000 after purchasing an additional 37 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of SAP by 4.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock worth $235,000 after purchasing an additional 38 shares during the period. Finally, Alaethes Wealth LLC lifted its holdings in shares of SAP by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker's stock worth $2,730,000 after purchasing an additional 39 shares during the period.

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.

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