SAP SE (NYSE:SAP) Short Interest Update

SAP SE (NYSE:SAP) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 5,026,190 shares, a decrease of 37.4% from the August 15th total of 8,024,204 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,432,692 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SAP. Weiss Ratings raised SAP from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. UBS Group cut SAP from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 26th. Argus set a $265.00 target price on SAP in a research note on Thursday, September 10th. Barclays lowered their price target on SAP from $255.00 to $242.00 and set an “overweight” rating on the stock in a report on Monday, July 27th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of SAP in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, SAP currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.67.

Institutional Trading of SAP

Several hedge funds have recently made changes to their positions in SAP. Arrowstreet Capital Limited Partnership purchased a new position in shares of SAP during the first quarter valued at approximately $150,701,000. Ruane Cunniff & Goldfarb L.P. lifted its stake in shares of SAP by 1,532.8% during the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock worth $128,392,000 after acquiring an additional 703,982 shares during the last quarter. Norges Bank purchased a new position in SAP during the 4th quarter valued at $81,784,000. Bank of America Corp DE grew its position in SAP by 15.9% in the 1st quarter. Bank of America Corp DE now owns 2,018,383 shares of the software maker’s stock valued at $345,567,000 after acquiring an additional 276,263 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in SAP by 18.5% in the second quarter. Tidal Investments LLC now owns 1,214,315 shares of the software maker’s stock worth $187,138,000 after purchasing an additional 189,591 shares during the period.

SAP Price Performance

NYSE SAP traded down $1.02 during trading on Wednesday, hitting $214.65. 267,666 shares of the stock traded hands, compared to its average volume of 3,093,491. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. SAP has a 12-month low of $144.97 and a 12-month high of $281.36. The firm has a 50-day simple moving average of $193.58 and a 200-day simple moving average of $181.03. The company has a market capitalization of $263.70 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 2.60 and a beta of 1.14.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, July 22nd. The software maker reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.18). The business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.30 billion. SAP had a net margin of 20.88% and a return on equity of 17.07%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $1.50 earnings per share. As a group, analysts predict that SAP will post 8.17 EPS for the current year.

SAP Company Profile

SAP SE is a German enterprise software company headquartered in Walldorf, Germany. The company develops technology that helps organizations manage core business operations, including finance, procurement, supply chain, manufacturing, human resources, sales and customer relationships.

SAP’s portfolio is centered on its cloud-based enterprise resource planning platform, SAP S/4HANA, along with the SAP Business Technology Platform. Its products and services also include SAP SuccessFactors for human resources, SAP Ariba for business-to-business procurement, SAP Concur for travel and expense management, and solutions for customer experience, data management, analytics and artificial intelligence.

SAP was founded in 1972 by five former IBM employees and has grown into a global provider of business software.