SAP AG (SAP)

Re: SAP AG (SAP)

Postby winston » Wed Oct 28, 2020 8:42 pm

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Chairman Plattner buys nearly $300 million in SAP stock

BERLIN (Reuters) - Hasso Plattner, chairman and co-founder of SAP, bought shares worth nearly $300 million in the German software company on Monday after a once-in-a-generation price slide triggered when management dumped its profit targets.

The 76-year-old billionaire bought shares worth 248.5 million euros ($294 million) at an average price of 101 euros, according to a regulatory filing published on Tuesday.

SAP shares slumped by 20% after CEO Christian Klein ditched his "ambition" for profit margins to expand steadily through 2023 and lowered the outlook for this year due to the impact of the coronavirus pandemic.

The share slide erased $35 billion from SAP's market value and knocked the Walldorf-based company off its perch as Europe's most valuable technology company, where it was ousted by Dutch semiconductor equipment maker ASML.

Plattner previously owned a 5.89% stake in SAP, making him the company's largest individual shareholder, according to Refinitiv data. At Monday's closing price his stake was still worth $8.2 billion.

Source: Reuters

https://finance.yahoo.com/news/chairman ... 16466.html
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Re: SAP AG (SAP)

Postby winston » Thu Oct 29, 2020 1:30 pm

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SAP: A Buying Opportunity That Doesn't Come Around Very Often

by Steve Auger

Summary

SAP Q3’20 quarterly results disappointed investors and the share price plummeted 23%, stemming from lower-than-expected revenue and lowered guidance.

‘Ambition 2023’ has now become ‘Ambition 2025’.

Several factors given for the results, including currency headwinds, reduced transactions due to Covid-19, business model transition, and strong Q3’19 comps.

The big worry is that SAP has been slow off the mark with its own business transformation and is missing the opportunity presented by the pandemic.

SAP is the second-largest European technology company, dominates ERP, and has a plan that should see strong results starting in 2023.

The current drop in share price is an opportunity to get in at a fair price. Long SAP.

The cloud-based business platform will make it easier to grow and expand customer relationships by way of cross-selling and up-selling.

And as other SaaS companies have discovered, recurring revenue is a lot more profitable than perpetual sales as the customer lifetime value increases significantly.

Originally, the shift to the cloud was to be (essentially) complete in 2023, but with the ongoing pandemic, the end date has now been pushed out to 2025.

With $31 billion in annual revenue, SAP is one of the largest technology companies in Europe.

SAP is the dominant player in Enterprise Resource Planning (“ERP”). This alone provides the company with a good starting point in the war of large SaaS platforms as the company will inevitably bump elbows with the likes of salesforce.com and ServiceNow as they expand outside their original applications, encroaching on each other's territories.


Source: Seeking Alpha

https://seekingalpha.com/article/438200 ... ent=link-7
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Re: SAP AG (SAP)

Postby winston » Thu Oct 29, 2020 2:51 pm

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Is SAP Stock a Buy Right Now? This Is What You Need to Know

One-time benefits boosted the bottom line as Non-GAAP EPS of €1.70 beat the forecasts by €0.40.

Optimism was provided by the pure-cloud category, with revenue increasing by 11% to €1.98 billion.

RBC reiterated a Market Perform (i.e. Hold) on the shares yet reduced the price target significantly from $162 to $110.

Based on 5 Buys and 4 Holds, the stock qualifies with a Moderate Buy consensus rating.

Following the sharp decline, the $142.80 average price target suggests possible upside of 32% in the year ahead.


Source: Tip Ranks

https://finance.yahoo.com/news/sap-stoc ... 26593.html
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Re: SAP AG (SAP)

Postby winston » Tue Nov 03, 2020 12:00 pm

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SAP’s CEO Says Sales Weakness Is Evidence of Cloud Transition

by Nico Grant and Emily Chang

The problem for SAP is that more than 50% of its revenue still comes from traditional software, compared with 30% from cloud-computing tools.

Actually our cloud revenue was up 26% and with that, surpassed the level of our competitors if you exclude our travel and expense solution Concur.


Source: Bloomberg

https://finance.yahoo.com/news/sap-ceo- ... 24413.html
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Re: SAP AG (SAP)

Postby winston » Mon Nov 09, 2020 9:51 pm

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Barclays Stick to Their Buy Rating for SAP AG

Barclays (LON:BARC) analyst Raimo Lenschow maintained a Buy rating on SAP AG (NYSE:SAP) on Tuesday, setting a price target of $158, which is approximately 37.99% above the present share price of $114.5.

Lenschow expects SAP AG to post earnings per share (EPS) of $0.73 for the fourth quarter of 2020.

The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in SAP AG, with an average price target of $140.62.

The analysts price targets range from a high of $176 to a low of $120.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $6.74 billion and a net profit of $1.28 billion. The company's market cap is $178.67 billion.

Source: investing.com

https://www.investing.com/news/barclays ... ag-2335694
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