SAP SE (NYSE:SAP)’s share price fell 1.2% during mid-day trading on Friday after Barclays lowered their price target on the stock from $143.00 to $140.00. Barclays currently has an overweight rating on the stock. SAP traded as low as $125.61 and last traded at $125.88, 49,832 shares changed hands during mid-day trading. A decline of 95% from the average session volume of 1,079,044 shares. The stock had previously closed at $127.42.
Other research analysts have also recently issued reports about the stock. Morgan Stanley decreased their price objective on shares of Walgreens Boots Alliance from $67.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 3rd. Stifel Nicolaus upgraded shares of Waste Connections from a “hold” rating to a “buy” rating and upped their price objective for the stock from $88.00 to $105.00 in a research report on Thursday, April 25th. Deutsche Bank upped their price objective on shares of Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets restated a “hold” rating and issued a $45.00 price objective on shares of SAP in a research report on Wednesday, May 1st. Finally, Argus upped their price objective on shares of Thermo Fisher Scientific from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $111.50.
A number of institutional investors and hedge funds have recently modified their holdings of SAP. Ellis Investment Partners LLC purchased a new stake in SAP in the first quarter worth approximately $25,000. Financial Gravity Wealth Inc. purchased a new stake in shares of SAP during the first quarter valued at approximately $26,000. Horan Capital Advisors LLC. purchased a new stake in shares of SAP during the first quarter valued at approximately $27,000. Camarda Financial Advisors LLC purchased a new stake in shares of SAP during the first quarter valued at approximately $28,000. Finally, Motco purchased a new stake in shares of SAP during the first quarter valued at approximately $31,000. 4.84% of the stock is owned by institutional investors and hedge funds.
The company has a market capitalization of $164.89 billion, a PE ratio of 27.76, a PEG ratio of 2.93 and a beta of 1.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 1.10. The company’s 50 day moving average is $132.50.
SAP (NYSE:SAP) last released its quarterly earnings data on Thursday, July 18th. The software maker reported $1.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.09. The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.71 billion. SAP had a return on equity of 15.57% and a net margin of 12.81%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Equities analysts forecast that SAP SE will post 4.56 earnings per share for the current year.
About SAP (NYSE:SAP)
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
