SAP SE (NYSE:SAP) Short Interest Update

SAP SE (NYSE:SAP) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 2,060,000 shares, a decline of 15.6% from the December 31st total of 2,440,000 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 936,400 shares, the short-interest ratio is currently 2.2 days.

SAP Stock Performance

Shares of NYSE:SAP traded down $2.94 during trading on Friday, reaching $276.42. 980,019 shares of the company’s stock traded hands, compared to its average volume of 996,999. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. SAP has a 12 month low of $173.05 and a 12 month high of $280.53. The company has a 50 day moving average of $253.80 and a 200-day moving average of $232.85. The stock has a market capitalization of $339.58 billion, a P/E ratio of 96.31, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22.

SAP (NYSE:SAP) last announced its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.42%. On average, equities analysts expect that SAP will post 6.35 EPS for the current year.

Institutional Investors Weigh In On SAP

A number of institutional investors have recently modified their holdings of SAP. FMR LLC grew its position in shares of SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock valued at $2,347,422,000 after buying an additional 1,866,468 shares during the last quarter. WCM Investment Management LLC acquired a new position in SAP during the 4th quarter valued at about $290,023,000. Jennison Associates LLC acquired a new position in SAP during the 4th quarter valued at about $47,195,000. International Assets Investment Management LLC acquired a new position in SAP during the 3rd quarter valued at about $40,573,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in SAP by 644.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock valued at $37,648,000 after purchasing an additional 142,270 shares during the period.

Analyst Ratings Changes

SAP has been the topic of several analyst reports. Barclays lifted their price target on shares of SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research note on Thursday. Kepler Capital Markets raised shares of SAP from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets lifted their price target on shares of SAP from $265.00 to $307.00 and gave the stock an “outperform” rating in a research note on Wednesday. JMP Securities boosted their target price on shares of SAP from $300.00 to $330.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Finally, TD Cowen raised shares of SAP from a “hold” rating to a “buy” rating and boosted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $248.83.

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.