SAP SE (NYSE:SAP) Short Interest Down 19.2% in July

SAP SE (NYSE:SAP) saw a significant decline in short interest in July. As of July 31st, there was short interest totalling 1,810,000 shares, a decline of 19.2% from the July 15th total of 2,240,000 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 825,300 shares, the short-interest ratio is presently 2.2 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. TD Cowen boosted their price target on shares of SAP from $188.00 to $214.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Sanford C. Bernstein started coverage on shares of SAP in a research note on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price objective for the company. Barclays lifted their target price on SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Argus raised SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $232.00.

SAP Price Performance

Shares of NYSE SAP traded up $1.23 during mid-day trading on Friday, reaching $216.17. The company had a trading volume of 546,550 shares, compared to its average volume of 781,510. The firm has a market cap of $254.99 billion, a price-to-earnings ratio of 46.89, a PEG ratio of 4.12 and a beta of 1.25. The business’s 50-day simple moving average is $201.75 and its 200 day simple moving average is $191.95. SAP has a one year low of $126.75 and a one year high of $217.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12.

SAP (NYSE:SAP) last released its earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. SAP had a net margin of 7.74% and a return on equity of 10.98%. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.25 billion. During the same period last year, the firm earned $0.71 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, research analysts predict that SAP will post 4.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SAP

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in shares of SAP during the 4th quarter worth $17,255,000. Allspring Global Investments Holdings LLC boosted its stake in shares of SAP by 43.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 539 shares of the software maker’s stock valued at $83,000 after purchasing an additional 163 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of SAP by 34.8% during the 4th quarter. Cerity Partners LLC now owns 35,405 shares of the software maker’s stock valued at $5,473,000 after purchasing an additional 9,144 shares during the last quarter. Perigon Wealth Management LLC increased its position in SAP by 7.3% during the 4th quarter. Perigon Wealth Management LLC now owns 2,074 shares of the software maker’s stock worth $321,000 after purchasing an additional 142 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC bought a new position in SAP in the 4th quarter valued at approximately $234,000.

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.