2 weeks Ago By ABMN Staff
SAP ( NYSE:SAP – Free Report ) had its price objective hoisted by Barclays from $251.00 to $252.00 in a research report released on Monday, Benzinga reports.
Barclays currently has an overweight rating on the software maker’s stock. Several other research analysts have also recently commented on the company. Argus raised SAP from a hold rating to a buy rating in a research report on Wednesday, July 31st.
BMO Capital Markets increased their price target on SAP from $237.00 to $248.00 and gave the company an outperform rating in a research report on Tuesday, July 23rd.
JMP Securities increased their price target on SAP from $220.00 to $245.00 and gave the company a market outperform rating in a research report on Tuesday, July 23rd.
Finally, TD Cowen increased their price target on SAP from $188.00 to $214.00 and gave the company a hold rating in a research report on Tuesday, July 23rd.
One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $232.17.
Check Out Our Latest Report on SAP SAP Stock Up 0.5 % SAP ( NYSE:SAP – Get Free Report ) last posted its quarterly earnings data on Monday, July 22nd. The software maker reported $1.
10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 10.98% and a net margin of 7.74%.
SAP’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.
71 earnings per share. On average, sell-side analysts expect that SAP will post 4.77 EPS for the current fiscal year.
Hedge Funds Weigh In On SAP Institutional investors and hedge funds have recently modified their holdings of the stock. Modera Wealth Management LLC lifted its position in SAP by 1.4% during the second 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. lifted its holdings in shares of SAP by 3.
5% in the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock worth $300,000 after acquiring an additional 51 shares during the last quarter.
RFP Financial Group LLC lifted its holdings in shares of SAP by 17.5% in the second 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 last quarter.
PFG Investments LLC lifted its holdings in shares of SAP by 2.6% in the second quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock worth $490,000 after acquiring an additional 61 shares during the last quarter.
Finally, Bessemer Group Inc. lifted its holdings in shares of SAP by 32.6% in the first quarter.
Bessemer Group Inc. now owns 252 shares of the software maker’s stock worth $49,000 after acquiring an additional 62 shares during the last quarter. About SAP ( Get Free Report ) 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. Further Reading Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter .
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