SAP (NYSE:SAP) Shares Gap Down Following Weak Earnings

SAP SE (NYSE:SAP - Get Free Report)'s share price gapped down before the market opened on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $275.60, but opened at $269.94. SAP shares last traded at $270.01, with a volume of 258,399 shares trading hands.

The software maker reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.42% and a net margin of 9.17%.

Wall Street Analysts Forecast Growth

SAP has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 target price on shares of SAP in a report on Thursday. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and increased their price objective for the company from $240.00 to $305.00 in a report on Friday, January 17th. Barclays upped their price objective on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday. JMP Securities increased their price target on shares of SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday. Finally, Kepler Capital Markets raised shares of SAP from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $248.83.

Institutional Investors Weigh In On SAP

Several institutional investors have recently added to or reduced their stakes in SAP. Holocene Advisors LP acquired a new stake in SAP in the 3rd quarter worth approximately $10,869,000. Atomi Financial Group Inc. increased its position in shares of SAP by 38.9% in the 4th quarter. Atomi Financial Group Inc. now owns 12,486 shares of the software maker's stock valued at $3,074,000 after acquiring an additional 3,495 shares during the period. Mount Yale Investment Advisors LLC raised its stake in SAP by 208.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 16,367 shares of the software maker's stock worth $4,030,000 after acquiring an additional 11,057 shares during the last quarter. JPMorgan Chase & Co. lifted its position in SAP by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker's stock worth $125,654,000 after acquiring an additional 7,667 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in SAP by 1,496.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,940 shares of the software maker's stock valued at $2,048,000 after purchasing an additional 8,380 shares during the last quarter.

SAP Stock Down 1.1 %

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $339.58 billion, a price-to-earnings ratio of 96.31, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22. The business has a fifty day moving average price of $253.80 and a two-hundred day moving average price of $232.85.

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.