This top European company bought Concur Technologies back in January, and it may be on the prowl for more additions. SAP S.E. (NYSE: SAP) provides application and analytics software and software-related services for enterprises worldwide. The company offers solutions covering various lines of businesses, including asset management, commerce, finance, human resources, manufacturing, marketing, sales, service, sourcing and procurement, supply chain and sustainability, as well as research and development, and engineering.
With almost 75,000 employees worldwide, SAP is regarded as one of the foremost application and software companies today. Some have speculated that the company may be looking to acquire a customer relationship management software company to strengthen what is already one of the most formidable product line-ups in the technology arena.
SAP investors are paid a 1.6% dividend. The consensus price objective is $71.32. Shares closed above that mark on Wednesday at $75.66.
Splunk Inc. (NASDAQ: SPLK) appears to be on the rise with many on Wall Street, and some of the retailer survey data gives a good indication why. A very large 26% of the resellers surveyed believe the company is the best positioned in the sector to capitalize on customer interest in security analytics, an area that could price to be gigantic in the years to come.
The company provides the leading software platform for real-time operational intelligence. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. This helps when looking for true security issues and false alarms, among other things.
The UBS rating is Buy, with an $82 target. The consensus target is posted at $79.97. The shares closed Wednesday at $66.78
This is another stock that momentum traders have set sail on and the volatility has been a roller-coaster for shareholders. Workday Inc. (NYSE: WDAY) is a leading provider of enterprise cloud applications for finance and human resources. Workday delivers financial management, human capital management and analytics applications designed for the world’s largest companies, educational institutions and government agencies.
Many Wall Street analysts feel that the cloud has emerged as the future state for many large enterprises, a fact that should continue to broaden the channel of available business opportunities for Workday.
Despite reporting better-than-expected earnings, the company got drilled when total billings growth moderated to 31% in the quarter. Sales rose 57% from a year ago to $251 million, and the recent drubbing of the stock gives investors an outstanding entry point.
The UBS rates the stock a Buy with a $116 target, while the consensus price objective is $100.88. Shares closed most recently at $80.65.
Stocks with positive earnings revisions are the ones that at least have a little clearance for the road ahead. While all these stocks are among the leaders in the categories, they are more suited for aggressive growth accounts.