SAP (NYSE:SAP) Price Target Raised to $283.00

SAP (NYSE:SAP) had its target price hoisted by Barclays from $275.00 to $283.00 in a report issued on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the software maker’s stock.

A number of other analysts also recently weighed in on SAP. JMP Securities increased their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 22nd. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets boosted their price target on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and raised their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $264.50.

SAP Trading Up 0.4 %

SAP opened at $276.41 on Thursday. SAP has a twelve month low of $172.32 and a twelve month high of $277.36. The company has a fifty day moving average of $249.60 and a 200-day moving average of $230.29. The stock has a market cap of $339.56 billion, a PE ratio of 110.56, a price-to-earnings-growth ratio of 3.89 and a beta of 1.22. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. FMR LLC lifted its position in SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after acquiring an additional 1,866,468 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of SAP by 0.8% in the third quarter. Principal Financial Group Inc. now owns 611,572 shares of the software maker’s stock worth $140,111,000 after purchasing an additional 4,775 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SAP by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 548,469 shares of the software maker’s stock valued at $125,654,000 after purchasing an additional 7,667 shares in the last quarter. Stifel Financial Corp boosted its position in shares of SAP by 12.5% during the third quarter. Stifel Financial Corp now owns 210,804 shares of the software maker’s stock valued at $48,295,000 after buying an additional 23,352 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in SAP by 8.6% during the second quarter. NewEdge Advisors LLC now owns 197,976 shares of the software maker’s stock worth $39,934,000 after buying an additional 15,604 shares in the last quarter.

SAP Company Profile

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.