JMP Securities Reiterates “Buy” Rating for SAP (SAP)

JMP Securities reiterated their buy rating on shares of SAP (NYSE:SAP) in a research report released on Wednesday. They currently have a $131.00 price target on the software maker’s stock.

SAP has been the subject of several other research reports. Bank of America downgraded shares of SAP from a buy rating to a neutral rating in a research report on Monday, February 4th. Zacks Investment Research raised shares of SAP from a sell rating to a hold rating in a research report on Tuesday, December 18th. ValuEngine downgraded shares of SAP from a buy rating to a hold rating in a research report on Friday, January 4th. Royal Bank of Canada reissued a neutral rating on shares of SAP in a research report on Friday, February 8th. Finally, DZ Bank reissued a buy rating on shares of SAP in a research report on Friday, November 23rd. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $117.14.

NYSE:SAP opened at $112.49 on Wednesday. The firm has a market capitalization of $138.19 billion, a PE ratio of 24.83, a P/E/G ratio of 2.29 and a beta of 1.01. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.59 and a quick ratio of 1.59. SAP has a twelve month low of $94.81 and a twelve month high of $127.16.

SAP (NYSE:SAP) last posted its quarterly earnings results on Tuesday, January 29th. The software maker reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.10). SAP had a net margin of 16.44% and a return on equity of 16.47%. The business had revenue of $7.43 billion during the quarter, compared to analyst estimates of $7.22 billion. During the same period in the previous year, the business posted $1.77 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts forecast that SAP will post 5.02 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SRS Capital Advisors Inc. boosted its holdings in SAP by 22.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 528 shares of the software maker’s stock worth $53,000 after acquiring an additional 96 shares during the last quarter. Pitcairn Co. boosted its holdings in SAP by 2.4% during the 4th quarter. Pitcairn Co. now owns 5,086 shares of the software maker’s stock worth $506,000 after acquiring an additional 120 shares during the last quarter. Glassman Wealth Services boosted its holdings in SAP by 47.0% during the 4th quarter. Glassman Wealth Services now owns 463 shares of the software maker’s stock worth $46,000 after acquiring an additional 148 shares during the last quarter. Bessemer Group Inc. boosted its holdings in SAP by 11.2% during the 4th quarter. Bessemer Group Inc. now owns 1,800 shares of the software maker’s stock worth $179,000 after acquiring an additional 182 shares during the last quarter. Finally, One Wealth Advisors LLC boosted its holdings in SAP by 5.9% during the 4th quarter. One Wealth Advisors LLC now owns 3,284 shares of the software maker’s stock worth $327,000 after acquiring an additional 184 shares during the last quarter. 4.57% of the stock is currently owned by hedge funds and other institutional investors.

About 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.

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Analyst Recommendations for SAP (NYSE:SAP)

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