SAP (NYSE:SAP) Price Target Increased to $214.00 by Analysts at TD Cowen

SAP (NYSE:SAP) had its target price boosted by TD Cowen from $188.00 to $214.00 in a report issued on Tuesday, Benzinga reports. They currently have a hold rating on the software maker’s stock.

Several other research firms have also recently commented on SAP. Sanford C. Bernstein assumed coverage on shares of SAP in a report on Thursday, May 23rd. They set an outperform rating and a $227.00 price target on the stock. BMO Capital Markets boosted their price target on shares of SAP from $237.00 to $248.00 and gave the company an outperform rating in a report on Tuesday. Barclays lowered their price target on shares of SAP from $212.00 to $210.00 and set an overweight rating on the stock in a report on Wednesday, April 24th. JMP Securities lifted their price objective on shares of SAP from $220.00 to $245.00 and gave the company a market outperform rating in a research note on Tuesday. Finally, StockNews.com lowered shares of SAP from a strong-buy rating to a buy rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $225.17.

SAP Trading Up 1.3 %

NYSE SAP opened at $213.56 on Tuesday. SAP has a twelve month low of $126.75 and a twelve month high of $214.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $251.91 billion, a price-to-earnings ratio of 46.33, a PEG ratio of 4.24 and a beta of 1.25. The firm’s 50 day moving average price is $196.57 and its two-hundred day moving average price is $187.29.

SAP (NYSE:SAP) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.87%. The firm had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same period in the previous year, the company posted $0.71 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts anticipate that SAP will post 4.63 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SAP. Capital International Investors lifted its position in SAP by 8.1% during the 4th quarter. Capital International Investors now owns 9,947,613 shares of the software maker’s stock worth $1,537,251,000 after acquiring an additional 746,386 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in SAP during the 1st quarter worth $58,936,000. Verity & Verity LLC acquired a new position in SAP during the 1st quarter worth $35,000. International Assets Investment Management LLC acquired a new position in SAP during the 4th quarter worth $17,255,000. Finally, Principal Financial Group Inc. lifted its position in SAP by 21.2% during the 1st quarter. Principal Financial Group Inc. now owns 621,417 shares of the software maker’s stock worth $121,195,000 after acquiring an additional 108,729 shares during the last quarter.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.