SAP (NYSE:SAP) Downgraded by BMO Capital Markets to Hold

BMO Capital Markets cut shares of SAP (NYSE:SAP) from a strong-buy rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. TD Cowen upped their price objective on shares of SAP from $188.00 to $214.00 and gave the stock a hold rating in a research report on Tuesday, July 23rd. JMP Securities upped their price target on shares of SAP from $220.00 to $245.00 and gave the stock a market outperform rating in a report on Tuesday, July 23rd. Argus raised SAP from a hold rating to a buy rating in a report on Wednesday, July 31st. Finally, Barclays lifted their price target on SAP from $251.00 to $252.00 and gave the company an overweight rating in a research note on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $232.17.

SAP Stock Down 0.9 %

SAP stock opened at $229.60 on Tuesday. SAP has a 52 week low of $127.30 and a 52 week high of $232.23. The business has a 50-day simple moving average of $219.93 and a 200 day simple moving average of $202.74. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a market cap of $282.06 billion, a PE ratio of 49.80, a price-to-earnings-growth ratio of 4.32 and a beta of 1.25.

SAP (NYSE:SAP) last announced its quarterly earnings data on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. Sell-side analysts anticipate that SAP will post 4.78 EPS for the current fiscal year.

Institutional Trading of SAP

Several institutional investors have recently added to or reduced their stakes in the stock. Modera Wealth Management LLC lifted its position in shares of SAP by 1.4% in the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after purchasing an additional 50 shares during the period. Great Valley Advisor Group Inc. boosted its position in SAP by 3.5% during the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after acquiring an additional 51 shares during the last quarter. RFP Financial Group LLC grew its holdings in SAP by 17.5% during the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after acquiring an additional 52 shares during the period. PFG Investments LLC lifted its stake in shares of SAP by 2.6% in the 2nd quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock valued at $490,000 after purchasing an additional 61 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of SAP by 32.6% during the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock valued at $49,000 after purchasing an additional 62 shares in the last quarter.

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.