Investors Purchase Large Volume of SAP Call Options (SAP)
SAP SE (NYSE:SAP) was the recipient of some unusual options trading activity on Monday. Stock traders bought 920 call options on the stock. This represents an increase of approximately 1,273% compared to the average daily volume of 67 call options.
A number of equities analysts have recently weighed in on SAP shares. Royal Bank of Canada reaffirmed a “hold” rating on shares of SAP in a research note on Monday, September 18th. Zacks Investment Research raised shares of SAP from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Stifel Nicolaus reissued a “sell” rating and issued a $75.00 price objective on shares of SAP in a research note on Thursday, October 12th. BMO Capital Markets reissued a “hold” rating and issued a $110.00 price objective on shares of SAP in a research note on Friday, October 13th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of SAP in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. SAP presently has an average rating of “Buy” and a consensus target price of $101.92.
SAP (NYSE SAP) opened at $112.87 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.24. The company has a market cap of $141,460.00, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 3.13 and a beta of 1.14. SAP has a 1-year low of $87.76 and a 1-year high of $116.90.
SAP (NYSE:SAP) last issued its quarterly earnings data on Thursday, October 19th. The software maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.12. SAP had a net margin of 15.80% and a return on equity of 15.43%. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.68 billion. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. equities analysts forecast that SAP will post 4.13 EPS for the current year.
A number of institutional investors have recently modified their holdings of the business. Icon Advisers Inc. Co. purchased a new position in SAP in the 3rd quarter worth about $1,502,000. River Road Asset Management LLC purchased a new position in SAP during the 3rd quarter valued at about $255,000. Westwood Management Corp IL lifted its holdings in shares of SAP by 2.1% during the 3rd quarter. Westwood Management Corp IL now owns 207,500 shares of the software maker’s stock valued at $22,752,000 after buying an additional 4,200 shares during the last quarter. FMR LLC lifted its holdings in shares of SAP by 6,475.0% during the 2nd quarter. FMR LLC now owns 396,409 shares of the software maker’s stock valued at $41,493,000 after buying an additional 390,380 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of SAP by 8.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,107,059 shares of the software maker’s stock valued at $121,363,000 after buying an additional 83,601 shares during the last quarter. Hedge funds and other institutional investors own 3.66% of the company’s stock.
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SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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