SAP SE (NYSE:SAP) Receives Consensus Rating of "Buy" from Analysts

Shares of SAP SE (NYSE:SAP - Get Free Report) have received an average recommendation of "Buy" from the eleven brokerages that are covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $271.83.

A number of brokerages recently issued reports on SAP. Wells Fargo & Company began coverage on shares of SAP in a report on Tuesday, May 20th. They issued an "overweight" rating for the company. Wall Street Zen cut shares of SAP from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group upgraded shares of SAP to a "strong-buy" rating in a report on Friday, May 30th. Argus reiterated a "buy" rating and issued a $320.00 price objective on shares of SAP in a report on Tuesday, April 29th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $330.00 price objective on shares of SAP in a report on Friday, May 23rd.

Institutional Investors Weigh In On SAP

Hedge funds have recently bought and sold shares of the company. Principal Street Partners LLC grew its stake in shares of SAP by 1.0% during the fourth quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker's stock valued at $908,000 after purchasing an additional 35 shares during the last quarter. Independent Advisor Alliance grew its stake in shares of SAP by 0.4% during 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 last quarter. Cordatus Wealth Management LLC grew its stake 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 purchasing an additional 37 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake 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 purchasing an additional 38 shares during the last quarter. Finally, Alaethes Wealth LLC grew its stake 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 valued at $2,730,000 after purchasing an additional 39 shares during the last quarter.

SAP Trading Down 0.8%

SAP stock opened at $287.60 on Friday. The company's fifty day simple moving average is $290.31 and its 200-day simple moving average is $274.23. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. SAP has a 12 month low of $191.59 and a 12 month high of $311.40. The stock has a market cap of $353.31 billion, a P/E ratio of 55.10, a P/E/G ratio of 4.13 and a beta of 1.32.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. SAP had a net margin of 16.33% and a return on equity of 13.66%. The business had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $9.08 billion. As a group, sell-side analysts forecast that SAP will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were issued a dividend of $2.5423 per share. This represents a yield of 0.8%. This is a boost from SAP's previous annual dividend of $2.39. The ex-dividend date was Tuesday, May 13th. SAP's dividend payout ratio is 35.25%.

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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