SAP (NYSE:SAP) Hits New 52-Week High – Time to Buy?

SAP SE (NYSE:SAP)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $282.00 and last traded at $281.63, with a volume of 42538 shares traded. The stock had previously closed at $278.11.

Analysts Set New Price Targets

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

SAP Price Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The stock has a market capitalization of $347.91 billion, a P/E ratio of 98.68, a PEG ratio of 4.53 and a beta of 1.23. The firm has a fifty day moving average price of $257.48 and a two-hundred day moving average price of $235.06.

SAP (NYSE:SAP) last released its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. As a group, analysts expect that SAP SE will post 6.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SAP. FMR LLC raised its holdings in SAP by 22.3% in the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the period. WCM Investment Management LLC purchased a new stake in SAP in the fourth quarter worth about $290,023,000. Raymond James Financial Inc. bought a new position in shares of SAP in the fourth quarter worth about $150,668,000. Fisher Asset Management LLC lifted its position in shares of SAP by 8.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after buying an additional 403,956 shares in the last quarter. Finally, Jennison Associates LLC purchased a new stake in SAP in the 4th quarter worth approximately $47,195,000.

SAP Company Profile

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.