SAP (NYSE:SAP) Reaches New 12-Month High – What’s Next?

Shares of SAP SE (NYSE:SAP) hit a new 52-week high during trading on Tuesday . The company traded as high as $243.44 and last traded at $243.41, with a volume of 84655 shares trading hands. The stock had previously closed at $241.59.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. TD Cowen raised their price objective on SAP from $234.00 to $240.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased 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, JMP Securities lifted their price objective on shares of SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, SAP presently has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP Stock Up 1.2 %

The stock’s fifty day simple moving average is $231.55 and its 200-day simple moving average is $213.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $300.39 billion, a P/E ratio of 96.65, a P/E/G ratio of 4.56 and a beta of 1.23.

SAP (NYSE:SAP) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period last year, the company posted $1.20 EPS. The business’s revenue was up 9.4% on a year-over-year basis. As a group, research analysts forecast that SAP SE will post 4.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Godsey & Gibb Inc. bought a new stake in SAP during the 3rd quarter worth $25,000. POM Investment Strategies LLC increased its stake in shares of SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after buying an additional 116 shares during the period. Crewe Advisors LLC raised its holdings in SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares during the last quarter. Atticus Wealth Management LLC acquired a new stake in SAP during the 2nd quarter worth approximately $40,000. Finally, Brooklyn Investment Group acquired a new position in SAP in the 3rd quarter valued at approximately $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.