SAP (NYSE:SAP) Coverage Initiated at Piper Sandler

Stock analysts at Piper Sandler began coverage on shares of SAP (NYSE:SAP) in a research note issued to investors on Tuesday. The firm set an “overweight” rating on the software maker’s stock.

Other analysts have also issued research reports about the stock. Jefferies Financial Group reissued a “buy” rating on shares of SAP in a research report on Monday, October 27th. KeyCorp reissued an “overweight” rating on shares of SAP in a report on Thursday, October 23rd. Citizens Jmp lowered SAP from an “outperform” rating to a “market perform” rating in a report on Friday. BMO Capital Markets reiterated an “outperform” rating on shares of SAP in a research note on Friday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of SAP in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $305.75.

SAP Stock Up 3.1%

Shares of NYSE SAP opened at $207.24 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.10. The stock has a market capitalization of $254.59 billion, a PE ratio of 29.40, a P/E/G ratio of 2.24 and a beta of 1.18. SAP has a one year low of $195.12 and a one year high of $313.28. The business’s fifty day moving average price is $238.81 and its 200-day moving average price is $258.91.

Hedge Funds Weigh In On SAP

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in shares of SAP by 91.1% during the fourth quarter. Brighton Jones LLC now owns 2,633 shares of the software maker’s stock worth $648,000 after purchasing an additional 1,255 shares in the last quarter. Baird Financial Group Inc. bought a new stake in SAP during the first quarter valued at approximately $242,000. AQR Capital Management LLC increased its holdings in shares of SAP by 49.0% in the 1st quarter. AQR Capital Management LLC now owns 16,309 shares of the software maker’s stock worth $4,378,000 after buying an additional 5,363 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of SAP during the 1st quarter valued at $2,681,000. Finally, Sivia Capital Partners LLC lifted its holdings in shares of SAP by 2.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,050 shares of the software maker’s stock worth $928,000 after acquiring an additional 69 shares during the last quarter.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.