SAP (NYSE:SAP) Sees Strong Trading Volume – Here’s Why

SAP SE (NYSE:SAP) saw unusually-strong trading volume on Tuesday . Approximately 5,593,741 shares were traded during trading, an increase of 87% from the previous session’s volume of 2,992,768 shares.The stock last traded at $196.6020 and had previously closed at $207.23.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SAP shares. Morgan Stanley restated an “overweight” rating on shares of SAP in a research report on Friday, October 31st. KeyCorp restated an “overweight” rating on shares of SAP in a report on Thursday, October 23rd. JMP Securities reaffirmed a “market outperform” rating and issued a $375.00 price target on shares of SAP in a report on Thursday, October 23rd. Arete Research upgraded SAP to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, TD Cowen restated a “buy” rating on shares of SAP in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, SAP has an average rating of “Moderate Buy” and a consensus price target of $305.75.

SAP Stock Down 4.8%

The stock has a market capitalization of $242.29 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 2.24 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.10. The business has a fifty day moving average of $238.81 and a 200 day moving average of $258.91.

SAP (NYSE:SAP) last posted its earnings results on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.13. SAP had a return on equity of 16.73% and a net margin of 19.92%.The company had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SAP. First PREMIER Bank purchased a new stake in shares of SAP in the 3rd quarter valued at approximately $25,000. Retirement Wealth Solutions LLC increased its holdings in SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after purchasing an additional 69 shares during the last quarter. Sound Income Strategies LLC increased its holdings in SAP by 109.4% in the 4th 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 purchased a new stake in SAP in the third quarter valued at approximately $27,000. Finally, Copia Wealth Management acquired a new position in SAP during the third quarter worth $28,000.

About SAP

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.