SAP SE (NYSE:SAP) Short Interest Update

SAP SE (NYSE:SAP) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 2,060,000 shares, a decrease of 15.6% from the December 31st total of 2,440,000 shares. Based on an average trading volume of 936,400 shares, the short-interest ratio is currently 2.2 days. Approximately 0.2% of the company’s shares are short sold.

SAP Stock Down 1.1 %

NYSE:SAP traded down $2.94 during trading hours on Friday, hitting $276.42. The company’s stock had a trading volume of 980,019 shares, compared to its average volume of 996,999. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17. SAP has a 52-week low of $173.05 and a 52-week high of $280.53. The stock has a market capitalization of $339.58 billion, a P/E ratio of 96.31, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22. The stock has a fifty day moving average of $253.80 and a 200-day moving average of $232.85.

SAP (NYSE:SAP) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.42%. On average, equities analysts forecast that SAP will post 6.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on SAP shares. BMO Capital Markets upped their price target on SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday. JMP Securities upped their price objective on SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $38.00 price objective on shares of SAP in a research report on Thursday. TD Cowen raised SAP from a “hold” rating to a “buy” rating and upped their price objective for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Finally, Barclays upped their price objective on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $248.83.

Institutional Investors Weigh In On SAP

A number of hedge funds have recently added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new position in SAP in the third quarter valued at about $25,000. Union Bancaire Privee UBP SA purchased a new position in shares of SAP during the 4th quarter worth approximately $27,000. Albion Financial Group UT increased its stake in shares of SAP by 122.4% during the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker’s stock worth $32,000 after purchasing an additional 71 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of SAP during the 3rd quarter worth approximately $42,000. Finally, Financial Management Professionals Inc. increased its stake in shares of SAP by 104.0% during the 4th quarter. Financial Management Professionals Inc. now owns 202 shares of the software maker’s stock worth $50,000 after purchasing an additional 103 shares in the last quarter.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.