SAP (NYSE:SAP) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• SAP shares crossed above their 200-day moving average, reaching $217.36 and last trading near $216.99, compared with a 200-day average of $179.48.
• Analyst sentiment remains broadly positive: SAP has a consensus “Moderate Buy” rating and an average price target of $264.83, despite some rating downgrades and Barclays reducing its target to $242.
• SAP’s latest quarterly results slightly missed expectations, with EPS of $1.82 versus $2.00 expected and revenue of $11.27 billion versus $11.30 billion estimated; however, revenue increased 9.4% year over year.

SAP SE (NYSE:SAP - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $179.48 and traded as high as $217.36. SAP shares last traded at $216.99, with a volume of 1,512,232 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SAP. Weiss Ratings raised shares of SAP from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 30th. Santander raised shares of SAP from a "neutral" rating to an "outperform" rating in a research report on Friday, April 24th. Barclays decreased their price target on SAP from $255.00 to $242.00 and set an "overweight" rating for the company in a research note on Monday, July 27th. TD Cowen reissued a "buy" rating on shares of SAP in a report on Friday, July 24th. Finally, Wall Street Zen lowered SAP from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $264.83.

SAP Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.15 and a current ratio of 1.15. The company's fifty day moving average price is $173.12 and its 200 day moving average price is $179.48. The firm has a market capitalization of $266.57 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 2.54 and a beta of 1.12.

SAP (NYSE:SAP - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The software maker reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($0.18). The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.30 billion. SAP had a net margin of 20.88% and a return on equity of 17.07%. The business's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.50 earnings per share. Equities research analysts expect that SAP SE will post 8.13 earnings per share for the current year.

Institutional Investors Weigh In On SAP

Several large investors have recently added to or reduced their stakes in SAP. Fisher Asset Management LLC increased its holdings in shares of SAP by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker's stock worth $3,577,793,000 after acquiring an additional 179,550 shares during the period. Bank of America Corp DE boosted its stake in SAP by 58.1% during the 2nd quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker's stock valued at $805,992,000 after purchasing an additional 973,779 shares during the period. Windacre Partnership LLC boosted its stake in SAP by 130.9% during the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker's stock valued at $629,874,000 after purchasing an additional 1,336,325 shares during the period. Northern Trust Corp grew its position in SAP by 3.2% in the 3rd quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker's stock worth $417,113,000 after purchasing an additional 49,111 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of SAP by 7.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker's stock valued at $291,498,000 after purchasing an additional 83,349 shares during the period.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company's name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP's product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.

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