SAP (NYSE:SAP) Hits New 1-Year High at $230.19

SAP SE (NYSE:SAP)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $230.19 and last traded at $229.00, with a volume of 782897 shares trading hands. The stock had previously closed at $221.88.

Analysts Set New Price Targets

SAP has been the topic of several recent analyst reports. Argus raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. JMP Securities upped 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, July 23rd. BMO Capital Markets upped their price objective on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. TD Cowen upped their price objective on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Finally, Barclays upped their price objective on shares of SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.00.

SAP Stock Performance

The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $269.90 billion, a PE ratio of 49.63, a PEG ratio of 4.34 and a beta of 1.25. The stock’s fifty day simple moving average is $212.75 and its 200-day simple moving average is $198.59.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The business had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.25 billion. During the same period last year, the company posted $0.71 EPS. The company’s revenue was up 9.7% on a year-over-year basis. On average, research analysts predict that SAP SE will post 4.83 earnings per share for the current fiscal year.

Institutional Trading of SAP

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Advisors LLC boosted its holdings in shares of SAP by 113.3% in the 1st quarter. Cetera Advisors LLC now owns 15,069 shares of the software maker’s stock valued at $2,939,000 after purchasing an additional 8,003 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of SAP by 21.1% in the 1st quarter. BNP Paribas Financial Markets now owns 26,359 shares of the software maker’s stock valued at $5,141,000 after purchasing an additional 4,596 shares during the last quarter. Wealthspire Advisors LLC acquired a new position in shares of SAP in the 1st quarter valued at $237,000. CWM LLC boosted its holdings in shares of SAP by 9.1% in the 2nd quarter. CWM LLC now owns 2,867 shares of the software maker’s stock valued at $578,000 after purchasing an additional 240 shares during the last quarter. Finally, Henry James International Management Inc. boosted its holdings in shares of SAP by 18.9% in the 1st quarter. Henry James International Management Inc. now owns 48,895 shares of the software maker’s stock valued at $9,536,000 after purchasing an additional 7,765 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.