SAP (NYSE:SAP) Now Covered by Wells Fargo & Company

Equities researchers at Wells Fargo & Company started coverage on shares of SAP (NYSE:SAP - Get Free Report) in a research note issued to investors on Tuesday,Benzinga reports. The firm set an "overweight" rating on the software maker's stock.

SAP has been the topic of a number of other research reports. Royal Bank of Canada restated an "outperform" rating and issued a $38.00 price target on shares of SAP in a research report on Thursday, January 30th. JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Jefferies Financial Group reiterated a "buy" rating on shares of SAP in a report on Friday, May 2nd. Argus reissued a "buy" rating and issued a $320.00 price objective on shares of SAP in a research note on Tuesday, April 29th. Finally, BMO Capital Markets upped their target price on SAP from $300.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, SAP currently has a consensus rating of "Buy" and an average price target of $264.00.

SAP Stock Performance

NYSE SAP opened at $298.78 on Tuesday. The company has a market capitalization of $367.05 billion, a price-to-earnings ratio of 104.10, a PEG ratio of 4.71 and a beta of 1.35. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP has a twelve month low of $179.43 and a twelve month high of $303.40. The stock has a fifty day simple moving average of $272.87 and a 200 day simple moving average of $263.79.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.12. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. Sell-side analysts expect that SAP will post 6.55 EPS for the current year.

Institutional Investors Weigh In On SAP

Hedge funds have recently added to or reduced their stakes in the company. Principal Street Partners LLC lifted its holdings in shares of 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 purchasing an additional 35 shares in the last quarter. Independent Advisor Alliance lifted its stake 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 buying an additional 35 shares in the last quarter. Cordatus Wealth Management LLC grew its holdings in shares of SAP by 1.1% during the first quarter. Cordatus Wealth Management LLC now owns 3,310 shares of the software maker's stock valued at $889,000 after buying an additional 37 shares during the last quarter. Oppenheimer & Co. Inc. grew 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 valued at $235,000 after buying an additional 38 shares during the last quarter. Finally, Alaethes Wealth LLC increased its position 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 acquiring an additional 39 shares in the last quarter.

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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