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

SAP SE (NYSE:SAP) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 4,318,981 shares, an increase of 56.4% from the January 29th total of 2,761,389 shares. Based on an average trading volume of 4,571,521 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 4,571,521 shares, the short-interest ratio is presently 0.9 days.

SAP Stock Down 1.6%

Shares of NYSE:SAP opened at $201.42 on Friday. The company has a market capitalization of $247.45 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.23 and a beta of 1.17. SAP has a 12-month low of $189.22 and a 12-month high of $313.28. The business has a 50-day moving average price of $223.22 and a 200 day moving average price of $247.43. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13.

SAP (NYSE:SAP) last announced its earnings results on Thursday, January 29th. The software maker reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.13. The company had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. SAP had a net margin of 19.92% and a return on equity of 16.52%. SAP’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 earnings per share. Sell-side analysts expect that SAP will post 6.55 EPS for the current year.

Wall Street Analysts Forecast Growth

SAP has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of SAP in a report on Friday, January 30th. Citigroup lowered SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Wall Street Zen downgraded SAP from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings upgraded SAP from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Finally, Piper Sandler began coverage on shares of SAP in a report on Tuesday, February 3rd. They issued an “overweight” rating for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, SAP has an average rating of “Moderate Buy” and an average target price of $305.75.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SAP. First PREMIER Bank purchased a new stake in shares of SAP in the 3rd quarter valued at $25,000. Retirement Wealth Solutions LLC boosted its holdings in SAP by 246.4% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after acquiring an additional 69 shares during the period. Abich Financial Wealth Management LLC acquired a new position in SAP in the 3rd quarter valued at about $27,000. Copia Wealth Management purchased a new stake in SAP during the third quarter worth about $28,000. Finally, Sound Income Strategies LLC lifted its position in shares of SAP by 109.4% during the fourth quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock worth $26,000 after purchasing an additional 58 shares in the last quarter.

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.