SAP (NYSE:SAP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SAP (NYSE:SAP) from a hold rating to a buy rating in a report issued on Sunday morning.

A number of other equities analysts also recently weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $330.00 price target on shares of SAP in a research report on Friday, May 23rd. Barclays restated an “overweight” rating and set a $308.00 target price (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Argus restated a “buy” rating and set a $320.00 target price on shares of SAP in a research note on Tuesday, April 29th. BMO Capital Markets upped their target price on SAP from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, May 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SAP in a research note on Friday, May 2nd. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, SAP currently has a consensus rating of “Buy” and an average price target of $271.83.

SAP Stock Down 1.1%

Shares of SAP stock opened at $300.76 on Friday. The business has a fifty day simple moving average of $296.01 and a 200 day simple moving average of $276.41. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. The stock has a market cap of $369.48 billion, a PE ratio of 57.62, a price-to-earnings-growth ratio of 4.34 and a beta of 1.30. SAP has a 12 month low of $194.93 and a 12 month high of $311.40.

SAP (NYSE:SAP) last issued its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The company had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. Research analysts predict that SAP will post 6.55 EPS for the current year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were issued a $2.5423 dividend. This represents a yield of 0.8%. This is an increase from SAP’s previous annual dividend of $2.39. The ex-dividend date of this dividend was Tuesday, May 13th. SAP’s dividend payout ratio is presently 35.25%.

Institutional Trading of SAP

A number of institutional investors and hedge funds have recently bought and sold shares of SAP. Bartlett & CO. Wealth Management LLC grew its holdings in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker’s stock worth $26,000 after acquiring an additional 82 shares during the period. 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 during the period. Creative Financial Designs Inc. ADV grew its holdings in SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker’s stock worth $29,000 after acquiring an additional 66 shares during the period. Founders Capital Management grew its holdings in SAP by 133.9% during the 1st quarter. Founders Capital Management now owns 131 shares of the software maker’s stock worth $35,000 after acquiring an additional 75 shares during the period. Finally, Highline Wealth Partners LLC grew its holdings in SAP by 126.2% during the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker’s stock worth $37,000 after acquiring an additional 77 shares during the period.

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.