SAP reports mixed third-quarter results

Lester Mason
October 21, 2017

Zacks Investment Research cut SAP SE from a hold rating to a sell rating in a research report on Monday, July 24th.

The key question for investors is whether a tipping point is at hand for SAP to return to delivering consistent growth in profit margins late this year or during 2018.

01/26/2016 - SAP AG had its "buy" rating reiterated by analysts at Argus. Stifel Nicolaus reaffirmed a "sell" rating and issued a $75.00 price target on shares of SAP SE in a research note on Friday, July 14th. HSBC upgraded the stock to "Buy" rating in Wednesday, October 14 report. The average stock price target is $86.73 with 4 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell. They now have a Dollars 95 price target on the stock.

Shares of SAP SE (ETR SAP) opened at 95.78 on Friday. The company has a market capitalization of €114.83 billion and a price-to-earnings ratio of 33.37.


The stock's 50 day moving average is 109.84 and its 200 day moving average is 105.38. SAP SE has a 12-month low of $80.93 and a 12-month high of $113.64. If you are accessing this article on another site, it was stolen and reposted in violation of United States & worldwide copyright & trademark law. The correct version of this piece can be read at https://baseballnewssource.com/markets/sap-se-sap-stock-rating-reaffirmed-by-morgan-stanley/1720212.html. 645057 shares were traded on SAP AG's last session. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued. Parallel Advisors LLC increased its stake in shares of SAP SE by 32.4% during the second quarter.

Chief Financial Officer Luka Mucic said the slowdown in new orders growth in the last quarter had coincided with accelerated investments in the cloud business. Finally, Neuberger Berman Group LLC increased its stake in shares of SAP SE by 0.4% in the second quarter. Fiduciary Trust Co. acquired a new stake in shares of SAP SE in the second quarter valued at about $157,000.

Third-quarter revenue for the business planning software provider grew 8 percent to 5.59 billion euros ($6.6 billion) from a year earlier, falling short of the mean forecast of 5.71 billion from 16 analysts surveyed by Reuters. Sustainable Growth Advisers LP now owns 1,823,554 shares of the company's stock worth $136,803,000 after buying an additional 151,625 shares during the period. Harding Loevner LP increased its stake in shares of SAP SE by 4.0% in the third quarter. Harding Loevner LP now owns 5,712,345 shares of the software maker's stock valued at $597,911,000 after acquiring an additional 180,613 shares during the last quarter.

The company is in the midst of a business transition, investing heavily in cloud-computing products and services. The Firm offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment.

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