SAP SE (NYSE:SAP) Short Interest Update

SAP SE (NYSE:SAP) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 1,463,098 shares, a decline of 18.9% from the November 30th total of 1,805,032 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,455,748 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 1,455,748 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.1% of the shares of the stock are sold short.

SAP Trading Down 0.7%

Shares of SAP traded down $1.80 during trading hours on Wednesday, hitting $242.79. The company had a trading volume of 679,727 shares, compared to its average volume of 1,158,532. The firm has a market cap of $298.27 billion, a P/E ratio of 36.35, a P/E/G ratio of 3.51 and a beta of 1.19. SAP has a 52-week low of $233.51 and a 52-week high of $313.28. The stock’s 50 day moving average price is $248.47 and its 200 day moving average price is $269.95. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

SAP (NYSE:SAP) last announced its quarterly earnings results on Wednesday, October 22nd. The software maker reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The business had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the firm earned $1.23 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts predict that SAP will post 6.55 EPS for the current year.

Wall Street Analyst Weigh In

SAP has been the subject of several recent analyst reports. Arete Research raised shares of SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of SAP in a research report on Friday, October 31st. Oddo Bhf upgraded SAP from a “neutral” rating to an “outperform” rating in a research note on Wednesday, September 24th. Finally, Cowen reiterated a “buy” rating on shares of SAP in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, SAP currently has an average rating of “Buy” and a consensus price target of $284.33.

Institutional Trading of SAP

A number of institutional investors have recently modified their holdings of SAP. Windacre Partnership LLC raised its position in SAP by 130.9% during the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after purchasing an additional 1,336,325 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of SAP by 9.0% during the second quarter. Fisher Asset Management LLC now owns 14,157,321 shares of the software maker’s stock valued at $4,305,242,000 after buying an additional 1,163,616 shares during the period. Bank of America Corp DE raised its holdings in shares of SAP by 58.1% during the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after acquiring an additional 973,779 shares in the last quarter. Sustainable Growth Advisers LP boosted its holdings in SAP by 1,126.3% in the third quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock valued at $225,102,000 after acquiring an additional 773,720 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in SAP by 9,269.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 421,173 shares of the software maker’s stock valued at $112,542,000 after purchasing an additional 416,678 shares during the period.

About SAP

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.