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

SAP SE (NYSE:SAPGet Rating) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 1,590,000 shares, an increase of 29.3% from the May 31st total of 1,230,000 shares. Based on an average trading volume of 1,340,000 shares, the short-interest ratio is presently 1.2 days. Currently, 0.1% of the shares of the company are short sold.

SAP opened at $90.70 on Tuesday. The firm has a 50-day simple moving average of $97.11 and a two-hundred day simple moving average of $112.52. SAP has a 52 week low of $88.96 and a 52 week high of $151.48. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.11 and a quick ratio of 1.11.

SAP (NYSE:SAPGet Rating) last released its quarterly earnings data on Friday, April 22nd. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.57 by $0.20. The business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.55 billion. SAP had a net margin of 17.46% and a return on equity of 13.68%. As a group, equities research analysts anticipate that SAP will post 3.65 EPS for the current fiscal year.

The firm also recently announced an annual dividend, which was paid on Tuesday, May 31st. Stockholders of record on Friday, May 20th were given a dividend of $2.66 per share. This represents a dividend yield of 1.9%. This is a boost from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend was Thursday, May 19th. SAP’s dividend payout ratio is currently 41.67%.

Several brokerages recently weighed in on SAP. TheStreet downgraded shares of SAP from a “b-” rating to a “c+” rating in a report on Friday, April 22nd. StockNews.com downgraded shares of SAP from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 28th. JPMorgan Chase & Co. dropped their target price on shares of SAP from €135.00 ($140.63) to €115.00 ($119.79) and set a “neutral” rating for the company in a report on Monday, April 25th. BNP Paribas downgraded shares of SAP from an “outperform” rating to a “neutral” rating and set a $105.00 target price for the company. in a report on Thursday, June 30th. Finally, Jefferies Financial Group dropped their target price on shares of SAP from €120.00 ($125.00) to €110.00 ($114.58) and set a “hold” rating for the company in a report on Monday, June 20th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, SAP has an average rating of “Moderate Buy” and an average price target of $111.90.

Several hedge funds and other institutional investors have recently made changes to their positions in SAP. Northwest Investment Counselors LLC purchased a new stake in shares of SAP during the 4th quarter valued at about $29,000. CVA Family Office LLC purchased a new stake in shares of SAP during the 4th quarter valued at about $30,000. Arlington Partners LLC purchased a new stake in shares of SAP during the 4th quarter valued at about $31,000. Concord Wealth Partners raised its position in SAP by 224.3% in the 4th quarter. Concord Wealth Partners now owns 227 shares of the software maker’s stock worth $32,000 after purchasing an additional 157 shares during the period. Finally, EverSource Wealth Advisors LLC purchased a new stake in SAP in the 4th quarter worth about $32,000.

SAP Company Profile (Get Rating)

SAP SE, together with its subsidiaries, operates as an enterprise application software company worldwide. The company operates through three segments: Applications, Technology & Support; Qualtrics; and Services. It offers SAP S/4HANA, an ERP suite with intelligent technologies, such as artificial intelligence, machine learning, and advanced analytics; SAP SuccessFactors Human Experience Management provides cloud-based solutions, such as a human resources management system for core HR and payroll, talent management, employee experience management, and people analytics; and intelligent spend management solutions, including products branded under the SAP Ariba, SAP Concur, and SAP Fieldglass names.

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