SAP SE (NYSE:SAP)‘s stock had its “buy” rating reissued by Oppenheimer Holdings, Inc. in a research note issued on Tuesday. They currently have a $120.00 target price on the software maker’s stock. Oppenheimer Holdings, Inc.’s target price suggests a potential upside of 5.28% from the company’s previous close.
Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada restated a “neutral” rating on shares of SAP SE in a research note on Monday, October 16th. BMO Capital Markets upped their target price on SAP SE from $105.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, July 21st. Argus upped their target price on SAP SE from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. DZ Bank AG reaffirmed a “buy” rating on shares of SAP SE in a research report on Thursday, July 20th. Finally, Zacks Investment Research raised SAP SE from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $106.91.
Shares of SAP SE (SAP) traded up $1.10 during midday trading on Tuesday, hitting $113.98. The company had a trading volume of 318,080 shares, compared to its average volume of 719,940. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24. The stock has a market cap of $138,975.33, a PE ratio of 31.50, a P/E/G ratio of 3.26 and a beta of 1.14. SAP SE has a 1 year low of $81.30 and a 1 year high of $116.90.
SAP SE (NYSE:SAP) last issued its quarterly earnings data on Thursday, October 19th. The software maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.68 billion. SAP SE had a return on equity of 15.43% and a net margin of 15.80%. SAP SE’s revenue for the quarter was up 4.0% compared to the same quarter last year. analysts predict that SAP SE will post 4.13 EPS for the current year.
SAP SE announced that its Board of Directors has approved a share repurchase program on Thursday, July 20th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.
Several institutional investors and hedge funds have recently modified their holdings of the company. Strategic Global Advisors LLC boosted its stake in shares of SAP SE by 0.3% in the second quarter. Strategic Global Advisors LLC now owns 3,468 shares of the software maker’s stock worth $363,000 after buying an additional 12 shares during the last quarter. Eaton Vance Management boosted its position in SAP SE by 1.1% during the second quarter. Eaton Vance Management now owns 2,176 shares of the software maker’s stock worth $228,000 after purchasing an additional 23 shares in the last quarter. Huntington National Bank boosted its position in SAP SE by 1.6% during the second quarter. Huntington National Bank now owns 1,548 shares of the software maker’s stock worth $162,000 after purchasing an additional 24 shares in the last quarter. Sawtooth Solutions LLC boosted its position in SAP SE by 1.4% during the second quarter. Sawtooth Solutions LLC now owns 3,855 shares of the software maker’s stock worth $404,000 after purchasing an additional 52 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC boosted its position in SAP SE by 2.2% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,604 shares of the software maker’s stock worth $372,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 3.63% of the company’s stock.
About SAP SE
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
Receive News & Ratings for SAP SE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP SE and related companies with MarketBeat.com's FREE daily email newsletter.