DZ Bank restated their buy rating on shares of SAP (NYSE:SAP) in a report published on Thursday morning, Borsen Zeitung reports.
Several other research firms have also recently weighed in on SAP. JMP Securities decreased their price target on Tesla from $374.00 to $369.00 and set a market outperform rating for the company in a research note on Thursday, April 25th. UBS Group lifted their price objective on Verisk Analytics from $106.00 to $111.00 and gave the stock a sell rating in a report on Tuesday, April 9th. HSBC lowered EFG EUROBANK ER/ADR from a buy rating to a hold rating in a report on Monday, June 17th. Stifel Nicolaus raised Waste Connections from a hold rating to a buy rating and lifted their price objective for the stock from $88.00 to $105.00 in a report on Thursday, April 25th. Finally, Argus lifted their price objective on Thermo Fisher Scientific from $285.00 to $310.00 and gave the stock a buy rating in a report on Wednesday, May 1st. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $111.50.
SAP stock opened at $124.63 on Thursday. SAP has a 1-year low of $94.81 and a 1-year high of $140.62. The business has a fifty day simple moving average of $132.51. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $153.11 billion, a PE ratio of 27.51, a P/E/G ratio of 2.72 and a beta of 1.07.
Institutional investors and hedge funds have recently modified their holdings of the stock. FDx Advisors Inc. boosted its stake in shares of SAP by 81.5% in the second quarter. FDx Advisors Inc. now owns 28,585 shares of the software maker’s stock worth $3,910,000 after acquiring an additional 12,834 shares during the period. Bessemer Group Inc. boosted its stake in shares of SAP by 15.8% in the second quarter. Bessemer Group Inc. now owns 1,893 shares of the software maker’s stock worth $259,000 after acquiring an additional 258 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of SAP by 14.9% in the second quarter. Commonwealth Equity Services LLC now owns 11,321 shares of the software maker’s stock worth $1,548,000 after acquiring an additional 1,466 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in shares of SAP by 11.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 5,552 shares of the software maker’s stock worth $760,000 after acquiring an additional 582 shares during the period. Finally, NEXT Financial Group Inc boosted its stake in shares of SAP by 2,006.1% in the second quarter. NEXT Financial Group Inc now owns 695 shares of the software maker’s stock worth $95,000 after acquiring an additional 662 shares during the period. 4.84% of the stock is owned by institutional investors.
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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