SAP (NYSE:SAP) Shares Gap Up – Here’s Why

Posted by Brian Himes on Jun 1st, 2026

SAP SE (NYSE:SAP – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $181.79, but opened at $193.97. SAP shares last traded at $192.7140, with a volume of 1,098,504 shares changing hands.

Analyst Ratings Changes

Several research analysts have weighed in on SAP shares. Santander upgraded shares of SAP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 24th. Barclays lifted their price objective on SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. TD Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Thursday, May 14th. Piper Sandler cut shares of SAP from an “overweight” rating to a “neutral” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings downgraded shares of SAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $288.00.

Read Our Latest Stock Analysis on SAP

SAP Stock Performance

The stock has a market cap of $239.78 billion, a P/E ratio of 26.38, a P/E/G ratio of 2.03 and a beta of 1.12. The firm has a 50 day moving average of $172.41 and a two-hundred day moving average of $206.73. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07.

SAP (NYSE:SAP – Get Free Report) last announced its earnings results on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The business had revenue of $11.06 billion for the quarter. SAP had a net margin of 20.08% and a return on equity of 17.31%. On average, research analysts predict that SAP SE will post 8.39 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 15th. Stockholders of record on Tuesday, May 5th were issued a dividend of $2.9291 per share. This represents a dividend yield of 170.0%. The ex-dividend date was Tuesday, May 5th. This is a positive change from SAP’s previous annual dividend of $2.54. SAP’s payout ratio is presently 28.92%.

Institutional Investors Weigh In On SAP

Several hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC increased its stake in SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after acquiring an additional 58 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of SAP during the 3rd quarter worth approximately $27,000. Bayban bought a new stake in shares of SAP during the fourth quarter valued at approximately $28,000. Guerra Advisors Inc acquired a new position in shares of SAP in the third quarter valued at $31,000. Finally, Community Bank N.A. acquired a new position in shares of SAP in the third quarter valued at $32,000.

About SAP

(Get Free Report)

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.