SAP (SAP) Sees Large Volume Increase

Shares of SAP SE (NYSE:SAP) saw strong trading volume on Wednesday . 15,936 shares traded hands during trading, a decline of 98% from the previous session’s volume of 694,773 shares.The stock last traded at $126.40 and had previously closed at $126.46.

SAP has been the subject of several recent analyst reports. DZ Bank restated a “buy” rating on shares of SAP in a research report on Thursday. JPMorgan Chase & Co. restated a “buy” rating on shares of SAP in a research report on Monday, September 17th. Zacks Investment Research upgraded SAP from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Barclays dropped their price objective on SAP from $134.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, July 20th. Finally, Deutsche Bank restated a “buy” rating on shares of SAP in a research report on Friday, July 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $113.70.

The company has a market cap of $155.54 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 3.93 and a beta of 1.22. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.25.

SAP (NYSE:SAP) last issued its quarterly earnings results on Thursday, July 19th. The software maker reported $0.98 earnings per share for the quarter, meeting the consensus estimate of $0.98. The company had revenue of $6 billion during the quarter, compared to analysts’ expectations of $5.90 billion. SAP had a return on equity of 18.07% and a net margin of 17.92%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share. equities research analysts anticipate that SAP SE will post 4.39 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of SAP by 17.4% during the 2nd quarter. FMR LLC now owns 2,434,567 shares of the software maker’s stock valued at $281,582,000 after purchasing an additional 360,669 shares in the last quarter. Northern Trust Corp boosted its position in shares of SAP by 3.9% during the 2nd quarter. Northern Trust Corp now owns 1,625,101 shares of the software maker’s stock valued at $187,959,000 after purchasing an additional 60,584 shares in the last quarter. Cambiar Investors LLC boosted its position in shares of SAP by 0.5% during the 2nd quarter. Cambiar Investors LLC now owns 1,431,160 shares of the software maker’s stock valued at $165,528,000 after purchasing an additional 7,503 shares in the last quarter. Morgan Stanley boosted its position in shares of SAP by 34.2% during the 2nd quarter. Morgan Stanley now owns 1,318,602 shares of the software maker’s stock valued at $152,509,000 after purchasing an additional 335,687 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of SAP by 5.1% during the 2nd quarter. Wells Fargo & Company MN now owns 1,280,842 shares of the software maker’s stock valued at $148,142,000 after purchasing an additional 62,618 shares in the last quarter. Institutional investors own 4.52% of the company’s stock.

SAP Company Profile (NYSE:SAP)

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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