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

Shares of SAP SE (NYSE:SAP) gapped down prior to trading on Wednesday . The stock had previously closed at $280.23, but opened at $272.65. SAP shares last traded at $271.54, with a volume of 277,865 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JMP Securities raised their target price on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. Barclays boosted their price target on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $38.00 target price on shares of SAP in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, SAP has an average rating of “Buy” and a consensus price target of $248.83.

SAP Stock Down 3.4 %

The firm has a market cap of $332.50 billion, a price-to-earnings ratio of 94.58, a P/E/G ratio of 4.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. The stock has a 50-day moving average of $276.70 and a 200-day moving average of $250.85.

SAP (NYSE:SAP) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. Sell-side analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SAP. Principal Street Partners LLC raised its holdings in shares of SAP by 1.0% during the 4th quarter. Principal Street Partners LLC now owns 3,688 shares of the software maker’s stock worth $908,000 after buying an additional 35 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in SAP by 4.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker’s stock valued at $235,000 after purchasing an additional 38 shares during the last quarter. Alaethes Wealth LLC grew its stake in shares of SAP by 0.4% during the fourth quarter. Alaethes Wealth LLC now owns 11,087 shares of the software maker’s stock worth $2,730,000 after buying an additional 39 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of SAP by 2.0% during the fourth quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker’s stock worth $538,000 after buying an additional 43 shares in the last quarter. Finally, Foster Group Inc. lifted its stake in shares of SAP by 4.3% in the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker’s stock valued at $268,000 after acquiring an additional 45 shares during 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.