SAP (NYSE:SAP) Shares Gap Up to $126.20

Shares of SAP SE (NYSE:SAP) gapped up prior to trading on Monday . The stock had previously closed at $126.68, but opened at $126.20. SAP shares last traded at $126.30, with a volume of 580,829 shares traded.

A number of brokerages recently issued reports on SAP. DZ Bank restated a “buy” rating on shares of SAP in a research note on Friday, October 11th. Zacks Investment Research lowered SAP from a “hold” rating to a “sell” rating and set a $134.00 target price for the company. in a research note on Tuesday, July 23rd. BMO Capital Markets set a $140.00 target price on SAP and gave the stock a “hold” rating in a research note on Friday, July 19th. Deutsche Bank lowered SAP from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Jefferies Financial Group began coverage on SAP in a research note on Monday, July 22nd. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. SAP presently has a consensus rating of “Hold” and an average target price of $125.63.

The company has a market cap of $150.63 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 2.80 and a beta of 1.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a 50 day moving average of $119.23 and a 200-day moving average of $123.60.

SAP (NYSE:SAP) last issued its earnings results on Thursday, July 18th. The software maker reported $1.09 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.09. The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.71 billion. SAP had a return on equity of 15.39% and a net margin of 11.95%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. Equities research analysts forecast that SAP SE will post 4.41 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. One Capital Management LLC raised its stake in shares of SAP by 0.9% during the 2nd quarter. One Capital Management LLC now owns 16,125 shares of the software maker’s stock valued at $2,206,000 after buying an additional 136 shares during the last quarter. Cookson Peirce & Co. Inc. purchased a new position in shares of SAP during the 2nd quarter valued at about $235,000. Holocene Advisors LP purchased a new position in shares of SAP during the 2nd quarter valued at about $76,517,000. Sterling Capital Management LLC raised its stake in shares of SAP by 5.7% during the 2nd quarter. Sterling Capital Management LLC now owns 4,911 shares of the software maker’s stock valued at $672,000 after buying an additional 266 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of SAP by 15.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,893 shares of the software maker’s stock valued at $259,000 after buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 5.03% of the company’s stock.

About SAP (NYSE:SAP)

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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