SAP (NYSE:SAP) Reaches New 1-Year High – Here’s What Happened

SAP SE (NYSE:SAP)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $284.97 and last traded at $285.77, with a volume of 75528 shares changing hands. The stock had previously closed at $280.74.

Analyst Ratings Changes

SAP has been the subject of a number of recent analyst reports. TD Cowen raised SAP from a “hold” rating to a “buy” rating and increased their price objective for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Barclays upped their price target on shares of SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Kepler Capital Markets upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Finally, BMO Capital Markets upped their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, SAP has an average rating of “Buy” and a consensus target price of $248.83.

SAP Stock Up 2.4 %

The firm has a market capitalization of $353.16 billion, a PE ratio of 100.18, a price-to-earnings-growth ratio of 4.63 and a beta of 1.23. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $259.11 and its 200-day moving average price is $236.44.

SAP (NYSE:SAP) last issued its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, equities research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Institutional Trading of SAP

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its position in SAP by 22.3% in the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the period. WCM Investment Management LLC acquired a new stake in SAP in the 4th quarter valued at $290,023,000. Raymond James Financial Inc. acquired a new stake in SAP during the 4th quarter valued at $150,668,000. Fisher Asset Management LLC lifted its position in SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock worth $1,260,137,000 after buying an additional 403,956 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in SAP by 152.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker’s stock worth $101,969,000 after acquiring an additional 249,824 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.