SAP SE (NYSE:SAP) Sees Significant Decrease in Short Interest

SAP SE (NYSE:SAP) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 1,810,000 shares, a drop of 19.2% from the July 15th total of 2,240,000 shares. Based on an average daily volume of 825,300 shares, the short-interest ratio is currently 2.2 days. Currently, 0.2% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of research firms have commented on SAP. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. TD Cowen increased their price target on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Sanford C. Bernstein began coverage on shares of SAP in a report on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 price objective for the company. BMO Capital Markets increased their target price on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a report on Tuesday, July 23rd. Finally, StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and a consensus target price of $232.00.

Hedge Funds Weigh In On SAP

Institutional investors have recently modified their holdings of the business. Modera Wealth Management LLC raised its stake in SAP by 1.4% during the 2nd quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock valued at $754,000 after acquiring an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of SAP by 3.5% during the second quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock worth $300,000 after purchasing an additional 51 shares during the last quarter. RFP Financial Group LLC lifted its holdings in shares of SAP by 17.5% during the second quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock worth $70,000 after purchasing an additional 52 shares during the period. PFG Investments LLC grew its position in SAP by 2.6% in the 2nd quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock valued at $490,000 after buying an additional 61 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in SAP by 32.6% during the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock worth $49,000 after buying an additional 62 shares during the last quarter.

SAP Stock Performance

Shares of SAP stock traded up $2.39 during mid-day trading on Thursday, hitting $214.94. 543,007 shares of the stock were exchanged, compared to its average volume of 783,005. SAP has a 12-month low of $126.75 and a 12-month high of $215.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $253.54 billion, a price-to-earnings ratio of 46.31, a P/E/G ratio of 4.12 and a beta of 1.25. The stock’s fifty day simple moving average is $200.82 and its two-hundred day simple moving average is $191.51.

SAP (NYSE:SAP) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. SAP had a return on equity of 10.98% and a net margin of 7.74%. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter last year, the business posted $0.71 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts forecast that SAP will post 4.75 EPS for the current year.

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.