SAP (NYSE:SAP) Shares Gap Down – Should You Sell?

SAP SE (NYSE:SAP)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $280.23, but opened at $272.65. SAP shares last traded at $271.54, with a volume of 277,865 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SAP shares. TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and lifted their price target for the company from $240.00 to $305.00 in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Barclays raised their price target on 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 SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Finally, BMO Capital Markets boosted their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $248.83.

SAP Stock Up 0.1 %

The firm has a market cap of $329.43 billion, a P/E ratio of 93.43, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25. The company’s 50-day simple moving average is $276.95 and its 200 day simple moving average is $251.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

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

Institutional Trading of SAP

Hedge funds and other institutional investors have recently bought and sold shares of the business. Centricity Wealth Management LLC purchased a new position in SAP in the 4th quarter worth about $25,000. Union Bancaire Privee UBP SA purchased a new stake in SAP in the fourth quarter worth about $27,000. Rakuten Securities Inc. grew its holdings in SAP by 2,700.0% during the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker’s stock worth $28,000 after acquiring an additional 108 shares in the last quarter. Albion Financial Group UT increased its position in SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock valued at $32,000 after purchasing an additional 71 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of SAP in the 3rd quarter valued at about $42,000.

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.