SAP (SAP) Reaches New 12-Month High and Low at $121.82

Shares of SAP SE (NYSE:SAP) hit a new 52-week high and low during trading on Thursday . The company traded as low as $121.82 and last traded at $121.78, with a volume of 29257 shares changing hands. The stock had previously closed at $120.29.

A number of analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of SAP in a research report on Friday, June 1st. They set a “buy” rating and a $140.00 price target on the stock. ValuEngine cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, May 22nd. Zacks Investment Research upgraded shares of SAP from a “hold” rating to a “strong-buy” rating and set a $126.00 price objective on the stock in a report on Friday, April 27th. Barclays upped their price objective on shares of SAP from $132.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, April 25th. Finally, Royal Bank of Canada reiterated a “neutral” rating and set a price objective on shares of SAP in a report on Tuesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $113.30.

The firm has a market cap of $147.43 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 3.63 and a beta of 1.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.32 and a current ratio of 1.32.

SAP (NYSE:SAP) last posted its earnings results on Tuesday, April 24th. The software maker reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.25. SAP had a net margin of 18.00% and a return on equity of 18.33%. The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The firm’s revenue was down .5% compared to the same quarter last year. equities research analysts expect that SAP SE will post 4.59 earnings per share for the current fiscal year.

The firm also recently announced an annual dividend, which was paid on Tuesday, May 29th. Investors of record on Monday, May 21st were issued a $1.7271 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 18th. This is a positive change from SAP’s previous annual dividend of $1.33. SAP’s dividend payout ratio is currently 27.74%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fisher Asset Management LLC raised its holdings in shares of SAP by 1.9% in the 1st quarter. Fisher Asset Management LLC now owns 6,982,476 shares of the software maker’s stock worth $734,277,000 after acquiring an additional 131,728 shares during the last quarter. Sustainable Growth Advisers LP raised its holdings in shares of SAP by 6.0% in the 1st quarter. Sustainable Growth Advisers LP now owns 3,099,490 shares of the software maker’s stock worth $325,943,000 after acquiring an additional 176,456 shares during the last quarter. Northern Trust Corp raised its holdings in shares of SAP by 6.2% in the 1st quarter. Northern Trust Corp now owns 1,564,517 shares of the software maker’s stock worth $164,525,000 after acquiring an additional 90,998 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of SAP by 27.9% in the 1st 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 last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of SAP by 2.0% in the 4th quarter. Clearbridge Investments LLC now owns 942,248 shares of the software maker’s stock worth $105,871,000 after acquiring an additional 18,442 shares during the last quarter. Institutional investors own 10.76% of the company’s stock.

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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