SAP (SAP) Downgraded by UBS Group to “Neutral”

UBS Group cut shares of SAP (NYSE:SAP) from a buy rating to a neutral rating in a research note released on Tuesday, April 9th, 24/7 WallStreet reports. UBS Group currently has $112.00 price objective on the software maker’s stock.

SAP has been the topic of several other research reports. Morgan Stanley reiterated a neutral rating on shares of SAP in a research note on Wednesday, April 3rd. JMP Securities restated a buy rating and set a $131.00 price objective on shares of SAP in a research note on Wednesday, March 13th. CIBC restated a hold rating and set a $44.00 price objective on shares of SAP in a research note on Friday, February 8th. Royal Bank of Canada restated a neutral rating on shares of SAP in a research note on Friday, February 8th. Finally, Zacks Investment Research upgraded SAP from a hold rating to a buy rating and set a $116.00 price objective on the stock in a research note on Monday, February 4th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. SAP has a consensus rating of Buy and an average target price of $115.90.

Shares of NYSE SAP traded up $1.42 during trading on Tuesday, reaching $127.40. The company had a trading volume of 441,082 shares, compared to its average volume of 1,087,943. SAP has a twelve month low of $94.81 and a twelve month high of $130.16. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.37. The stock has a market cap of $156.51 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 2.76 and a beta of 1.06.

SAP (NYSE:SAP) last posted its quarterly earnings results on Wednesday, April 24th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.94 billion. SAP had a return on equity of 15.70% and a net margin of 12.81%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. As a group, analysts anticipate that SAP will post 4.56 EPS for the current year.

The company also recently declared an annual dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 17th will be paid a dividend of $1.6961 per share. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, May 16th. SAP’s payout ratio is currently 26.27%.

A number of hedge funds and other institutional investors have recently modified their holdings of SAP. Ellis Investment Partners LLC bought a new position in SAP during the 1st quarter valued at $25,000. Financial Gravity Wealth Inc. acquired a new stake in shares of SAP during the 1st quarter valued at $26,000. Horan Capital Advisors LLC. acquired a new stake in shares of SAP during the 1st quarter valued at $27,000. Camarda Financial Advisors LLC acquired a new stake in shares of SAP during the 1st quarter valued at $28,000. Finally, Motco acquired a new stake in shares of SAP during the 1st quarter valued at $31,000. 4.60% of the stock is owned by hedge funds and other institutional investors.

About 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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