SAP SE (NYSE:SAP) Sees Large Decline in Short Interest

SAP SE (NYSE:SAP) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 1,410,000 shares, a drop of 29.9% from the October 31st total of 2,010,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 832,300 shares, the days-to-cover ratio is presently 1.7 days.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their price objective on SAP from $248.00 to $265.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. TD Cowen boosted their price objective on shares of SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. JMP Securities boosted their price target on shares of SAP from $245.00 to $300.00 and gave the company a “market outperform” rating in a report on Tuesday, October 22nd. Finally, Barclays upped their target price on shares of SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $252.33.

Institutional Trading of SAP

A number of institutional investors have recently modified their holdings of SAP. Godsey & Gibb Inc. bought a new position in shares of SAP during the 3rd quarter valued at $25,000. LRI Investments LLC bought a new stake in SAP during the 1st quarter valued at about $25,000. POM Investment Strategies LLC increased its stake in SAP by 892.3% during the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares in the last quarter. Crewe Advisors LLC grew its stake in shares of SAP by 1,270.0% in the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock worth $28,000 after acquiring an additional 127 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of SAP in the third quarter worth approximately $42,000.

SAP Trading Up 2.4 %

SAP stock traded up $5.53 during midday trading on Friday, hitting $237.55. The stock had a trading volume of 420,895 shares, compared to its average volume of 800,209. The business has a fifty day moving average price of $231.55 and a two-hundred day moving average price of $213.59. SAP has a 1-year low of $148.38 and a 1-year high of $243.01. The firm has a market cap of $291.83 billion, a P/E ratio of 95.02, a price-to-earnings-growth ratio of 4.45 and a beta of 1.25. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last posted its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The business had revenue of $8.47 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that SAP will post 4.89 earnings per share for the current fiscal year.

SAP Company Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.