Shares of SAP SE (NYSE:SAP) have been given an average rating of “Buy” by the seventeen research firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $113.22.
SAP has been the subject of a number of recent research reports. Royal Bank of Canada restated an “average” rating and issued a $52.00 price objective on shares of SAP in a report on Tuesday, April 23rd. Argus reiterated a “buy” rating on shares of SAP in a report on Wednesday, May 1st. ValuEngine upgraded shares of SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. DZ Bank reiterated a “buy” rating on shares of SAP in a report on Wednesday, April 24th. Finally, JMP Securities reiterated a “buy” rating and set a $131.00 price target on shares of SAP in a report on Wednesday, March 13th.
A number of hedge funds and other institutional investors have recently modified their holdings of SAP. Ellis Investment Partners LLC bought a new position in SAP in the 1st quarter worth $25,000. Financial Gravity Wealth Inc. bought a new position in SAP in the 1st quarter worth $26,000. Horan Capital Advisors LLC. bought a new position in SAP in the 1st quarter worth $27,000. Camarda Financial Advisors LLC bought a new position in SAP in the 1st quarter worth $28,000. Finally, Motco bought a new position in SAP in the 1st quarter worth $31,000. Institutional investors and hedge funds own 4.85% of the company’s stock.
SAP (NYSE:SAP) last announced its quarterly earnings data on Wednesday, April 24th. The software maker reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.01. The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.94 billion. SAP had a net margin of 12.81% and a return on equity of 15.57%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. As a group, equities research analysts predict that SAP will post 4.56 earnings per share for the current year.
The company also recently declared an annual dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 17th were issued a dividend of $1.6961 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a yield of 1.51%. SAP’s dividend payout ratio is currently 26.49%.
SAP Company Profile
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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