SAP SE (NYSE:SAP) Short Interest Update

SAP SE (NYSE:SAP) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 4,632,979 shares, an increase of 26.2% from the February 26th total of 3,670,473 shares. Based on an average trading volume of 3,267,694 shares, the short-interest ratio is presently 1.4 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Trading of SAP

Several institutional investors and hedge funds have recently bought and sold shares of the company. First PREMIER Bank bought a new stake in shares of SAP in the 3rd quarter valued at approximately $25,000. Retirement Wealth Solutions LLC boosted its holdings in SAP by 246.4% in the third quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock worth $26,000 after purchasing an additional 69 shares during the period. Sound Income Strategies LLC increased its stake in SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of SAP in the 3rd quarter worth about $27,000. Finally, Copia Wealth Management bought a new stake in shares of SAP during the 3rd quarter valued at about $28,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SAP shares. Weiss Ratings downgraded SAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 16th. Piper Sandler initiated coverage on shares of SAP in a report on Tuesday, February 3rd. They issued an “overweight” rating on the stock. Citigroup cut shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, January 30th. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, TD Cowen reissued a “buy” rating on shares of SAP in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $305.75.

SAP Stock Up 0.1%

Shares of NYSE:SAP traded up $0.21 during trading on Wednesday, hitting $171.42. The company’s stock had a trading volume of 297,391 shares, compared to its average volume of 3,012,452. SAP has a fifty-two week low of $163.77 and a fifty-two week high of $313.28. The stock’s 50-day moving average price is $198.36 and its two-hundred day moving average price is $233.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $210.58 billion, a PE ratio of 24.23, a PEG ratio of 1.90 and a beta of 1.18.

SAP (NYSE:SAP) last released its quarterly earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.13. The business had revenue of $11.36 billion during the quarter, compared to the consensus estimate of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.54%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 earnings per share. As a group, sell-side analysts expect that SAP will post 6.55 EPS for the current year.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on?premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in?memory database and platform.