JPMorgan Chase & Co. Reaffirms Neutral Rating for SAP (NYSE:SAP)

SAP (NYSE:SAP)‘s stock had its “neutral” rating reissued by research analysts at JPMorgan Chase & Co. in a report issued on Thursday, The Fly reports.

A number of other equities research analysts have also recently commented on SAP. BMO Capital Markets increased their price target on SAP from $140.00 to $150.00 and gave the company a “market perform” rating in a research note on Friday, April 23rd. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research note on Wednesday, July 14th. Societe Generale reiterated a “buy” rating on shares of SAP in a research note on Friday, April 9th. CIBC increased their price target on SAP from $43.00 to $45.00 and gave the company an “outperformer” rating in a research note on Friday, June 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a research note on Friday, April 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and ten have given a buy rating to the stock. SAP has an average rating of “Hold” and an average price target of $130.20.

Shares of NYSE SAP traded up $0.65 during mid-day trading on Thursday, reaching $139.51. 16,761 shares of the company were exchanged, compared to its average volume of 520,309. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $171.39 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 3.04 and a beta of 1.06. SAP has a 1 year low of $104.64 and a 1 year high of $169.30. The business has a 50-day simple moving average of $141.89.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, July 21st. The software maker reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.72. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.70 billion. SAP had a return on equity of 19.27% and a net margin of 19.87%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 EPS. Analysts anticipate that SAP will post 4.74 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Nicollet Investment Management Inc. lifted its position in SAP by 5.4% during the first quarter. Nicollet Investment Management Inc. now owns 26,430 shares of the software maker’s stock worth $3,245,000 after buying an additional 1,350 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in SAP during the fourth quarter worth approximately $3,312,000. Madison Asset Management LLC lifted its position in SAP by 15.2% during the first quarter. Madison Asset Management LLC now owns 25,804 shares of the software maker’s stock worth $3,168,000 after buying an additional 3,401 shares in the last quarter. Legacy Wealth Asset Management LLC purchased a new stake in SAP in the fourth quarter valued at $1,316,000. Finally, Natixis Advisors L.P. raised its position in SAP by 29.5% in the first quarter. Natixis Advisors L.P. now owns 133,439 shares of the software maker’s stock valued at $16,384,000 after purchasing an additional 30,422 shares during the period. 4.27% of the stock is currently owned by hedge funds and other institutional investors.

About SAP

SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Services; Intelligent Spend Group; and Qualtrics. The Applications, Technology, and Services segment includes software licenses, cloud subscriptions, and related services.

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