SAP (NYSE:SAP) Upgraded to Buy at Wall Street Zen

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

Several other research analysts also recently weighed in on the company. Wells Fargo & Company initiated coverage on SAP in a report on Tuesday, May 20th. They issued an "overweight" rating for the company. Barclays restated an "overweight" rating and set a $308.00 price objective (up from $286.00) on shares of SAP in a report on Thursday, April 24th. UBS Group upgraded SAP to a "strong-buy" rating in a report on Friday, May 30th. JMP Securities restated a "market outperform" rating and set a $330.00 price objective on shares of SAP in a report on Friday, May 23rd. Finally, Piper Sandler initiated coverage on SAP in a report on Tuesday, June 17th. They set an "overweight" rating for the company. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $271.83.

SAP Trading Up 1.9%

Shares of SAP opened at $301.29 on Friday. The stock has a fifty day moving average of $293.95 and a two-hundred day moving average of $275.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $370.13 billion, a PE ratio of 57.72, a price-to-earnings-growth ratio of 4.30 and a beta of 1.32. SAP has a fifty-two week low of $194.93 and a fifty-two week high of $311.40.

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 the consensus estimate of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. As a group, analysts forecast that SAP will post 6.55 EPS for the current year.

Institutional Trading of SAP

Large investors have recently added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC increased its holdings in SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after purchasing an additional 66 shares in the last quarter. Rakuten Securities Inc. increased its holdings in SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after purchasing an additional 108 shares in the last quarter. Founders Capital Management increased its holdings in SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. Finally, Highline Wealth Partners LLC increased its holdings in SAP by 126.2% in the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after purchasing an additional 77 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.