Traders Buy Large Volume of SAP Call Options (NYSE:SAP)

SAP SE (NYSE:SAP) was the recipient of unusually large options trading on Monday. Stock investors bought 2,165 call options on the stock. This is an increase of 260% compared to the typical volume of 601 call options.

Several brokerages have recently commented on SAP. Credit Suisse Group reissued an “outperform” rating on shares of SAP in a research note on Tuesday, July 28th. BNP Paribas downgraded SAP from an “outperform” rating to a “neutral” rating and set a $130.00 price objective for the company. in a research note on Monday. DZ Bank reissued a “buy” rating on shares of SAP in a research note on Tuesday, September 29th. JMP Securities increased their price objective on SAP from $150.00 to $165.00 in a research note on Thursday, July 9th. Finally, Barclays increased their price objective on SAP from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. SAP has an average rating of “Buy” and a consensus price target of $150.36.

Shares of SAP stock traded down $33.50 on Monday, reaching $116.18. The company’s stock had a trading volume of 69,097 shares, compared to its average volume of 778,038. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.50. SAP has a 12-month low of $90.89 and a 12-month high of $169.30. The company has a market capitalization of $178.66 billion, a P/E ratio of 27.95, a PEG ratio of 3.82 and a beta of 0.98. The stock’s 50 day simple moving average is $156.47 and its 200-day simple moving average is $143.08.

SAP (NYSE:SAP) last issued its quarterly earnings data on Monday, July 27th. The software maker reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.03. SAP had a return on equity of 16.31% and a net margin of 16.30%. The company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter last year, the business posted $1.09 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. Research analysts expect that SAP will post 4.98 EPS for the current year.

Several hedge funds have recently modified their holdings of SAP. MAI Capital Management raised its position in SAP by 4.7% during the third quarter. MAI Capital Management now owns 7,925 shares of the software maker’s stock valued at $1,235,000 after purchasing an additional 355 shares in the last quarter. WESPAC Advisors SoCal LLC raised its position in SAP by 5.2% during the third quarter. WESPAC Advisors SoCal LLC now owns 2,025 shares of the software maker’s stock valued at $318,000 after purchasing an additional 100 shares in the last quarter. Ritholtz Wealth Management raised its position in SAP by 57.8% during the third quarter. Ritholtz Wealth Management now owns 3,215 shares of the software maker’s stock valued at $501,000 after purchasing an additional 1,178 shares in the last quarter. Optas LLC raised its position in SAP by 13.2% during the third quarter. Optas LLC now owns 2,520 shares of the software maker’s stock valued at $394,000 after purchasing an additional 294 shares in the last quarter. Finally, Harbour Investment Management LLC purchased a new stake in SAP during the third quarter valued at about $2,147,000. Institutional investors own 4.67% of the company’s stock.

About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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