SAP SE (NYSE:SAP) Short Interest Update

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

Institutional Investors Weigh In On SAP

A number of institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its stake in SAP by 1.5% during the 2nd quarter. Allworth Financial LP now owns 3,304 shares of the software maker’s stock worth $509,000 after buying an additional 48 shares during the last quarter. Baker Avenue Asset Management LP increased its holdings in shares of SAP by 7.1% during the fourth quarter. Baker Avenue Asset Management LP now owns 888 shares of the software maker’s stock valued at $216,000 after acquiring an additional 59 shares in the last quarter. Checchi Capital Advisers LLC raised its position in shares of SAP by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 6,059 shares of the software maker’s stock valued at $1,037,000 after purchasing an additional 59 shares during the last quarter. King Luther Capital Management Corp boosted its stake in SAP by 3.4% in the 4th quarter. King Luther Capital Management Corp now owns 1,899 shares of the software maker’s stock worth $461,000 after purchasing an additional 63 shares in the last quarter. Finally, Baron Wealth Management LLC boosted its stake in SAP by 3.9% in the 1st quarter. Baron Wealth Management LLC now owns 1,707 shares of the software maker’s stock worth $292,000 after purchasing an additional 64 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on SAP. BMO Capital Markets increased their target price on SAP from $175.00 to $177.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of SAP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 30th. UBS Group downgraded shares of SAP from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $265.00 price target on shares of SAP in a report on Wednesday, June 10th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of SAP in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, SAP has an average rating of “Moderate Buy” and a consensus price target of $255.67.

SAP Stock Up 0.4%

Shares of NYSE:SAP traded up $0.91 during trading hours on Thursday, hitting $214.11. The company’s stock had a trading volume of 1,102,690 shares, compared to its average volume of 3,088,792. The firm’s fifty day moving average price is $195.81 and its 200 day moving average price is $181.18. SAP has a 52 week low of $144.97 and a 52 week high of $281.36. The company has a market capitalization of $263.03 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 2.57 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 1.15.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.18). The business had revenue of $11.27 billion for 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 business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 earnings per share. As a group, research analysts expect that SAP will post 8.17 EPS for the current year.

About SAP

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.