SAP (NYSE:SAP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, August 23rd.

According to Zacks, “SAP’s resilient Cloud and Software business, an enviable business network spread and dominance over critical client demand areas continue to act as staple growth drivers. Solid adoption of SAP’s Human Capital management (HCM) solution, SuccessFactors Employee Central and S/4HANA platform are expected to increase new cloud bookings, eventually bolstering top line. Notably, shares of SAP have outperformed the industry in the past six months. The company constantly upgrades the existing products and launches fresh ones to expand its customer base, consequently offering a competitive edge over peers. However, inherent seasonality in clients’ technology spending exposes the company’s sales to risks of quarterly fluctuations. Currency fluctuations are also hurting its financial performance. Integration risks pertaining to acquisitions remains an overhang.”

SAP has been the topic of a number of other reports. Jefferies Financial Group initiated coverage on SAP in a report on Friday, June 1st. They issued a “buy” rating and a $140.00 price objective on the stock. Oppenheimer boosted their target price on SAP from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, July 18th. Barclays boosted their target price on SAP from $132.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, April 25th. ValuEngine raised SAP from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st. Finally, Deutsche Bank reissued a “buy” rating on shares of SAP in a research report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. SAP currently has an average rating of “Buy” and an average target price of $113.70.

SAP traded up $0.23 during trading hours on Thursday, reaching $121.40. The company’s stock had a trading volume of 429,391 shares, compared to its average volume of 615,516. SAP has a fifty-two week low of $99.20 and a fifty-two week high of $122.74. The stock has a market capitalization of $148.71 billion, a PE ratio of 28.30, a P/E/G ratio of 3.76 and a beta of 1.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.00 and a current ratio of 1.00.

SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, July 19th. The software maker reported $0.98 EPS for the quarter, meeting analysts’ consensus estimates of $0.98. SAP had a return on equity of 18.07% and a net margin of 17.92%. The firm had revenue of $6 billion for the quarter, compared to analysts’ expectations of $5.90 billion. During the same period in the prior year, the firm posted $0.94 earnings per share. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. equities research analysts forecast that SAP will post 4.39 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of SAP. Wells Fargo & Company MN increased its position in shares of SAP by 27.9% during the first quarter. Wells Fargo & Company MN now owns 1,218,224 shares of the software maker’s stock worth $128,109,000 after acquiring an additional 265,462 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of SAP during the first quarter worth $652,000. Comerica Bank increased its position in shares of SAP by 5.4% during the first quarter. Comerica Bank now owns 155,289 shares of the software maker’s stock worth $16,750,000 after acquiring an additional 7,927 shares during the period. Harbour Investment Management LLC increased its position in shares of SAP by 8.7% during the first quarter. Harbour Investment Management LLC now owns 18,050 shares of the software maker’s stock worth $1,169,000 after acquiring an additional 1,445 shares during the period. Finally, CIBC Asset Management Inc increased its position in shares of SAP by 12.8% during the first quarter. CIBC Asset Management Inc now owns 6,565 shares of the software maker’s stock worth $690,000 after acquiring an additional 745 shares during the period. 4.53% of the stock is currently owned by institutional investors and hedge funds.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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