Short Interest in SAP SE (NYSE:SAP) Decreases By 8.1%

SAP SE (NYSE:SAP) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 1,286,500 shares, a decrease of 8.1% from the July 31st total of 1,400,200 shares. Based on an average daily volume of 825,200 shares, the short-interest ratio is presently 1.6 days. Approximately 0.1% of the shares of the company are sold short.

SAP traded down $1.92 during trading on Friday, hitting $118.96. The company’s stock had a trading volume of 525,800 shares, compared to its average volume of 780,877. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. SAP has a one year low of $94.81 and a one year high of $140.62. The firm has a market cap of $148.38 billion, a PE ratio of 26.26, a P/E/G ratio of 2.68 and a beta of 1.10. The business’s 50 day simple moving average is $120.67 and its 200-day simple moving average is $122.18.

SAP (NYSE:SAP) last released its quarterly earnings results on Thursday, July 18th. The software maker reported $1.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. SAP had a net margin of 11.95% and a return on equity of 15.39%. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the firm earned $0.98 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts expect that SAP will post 4.28 EPS for the current fiscal year.

A number of research analysts recently weighed in on the stock. HSBC upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. Barclays lowered their price objective on shares of SAP from $143.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Jefferies Financial Group assumed coverage on shares of SAP in a research report on Monday, July 22nd. They set a “buy” rating on the stock. DZ Bank restated a “buy” rating on shares of SAP in a research report on Thursday. Finally, Deutsche Bank downgraded shares of SAP from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $125.63.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HighPoint Advisor Group LLC raised its position in SAP by 3.5% in the first quarter. HighPoint Advisor Group LLC now owns 2,712 shares of the software maker’s stock worth $334,000 after acquiring an additional 91 shares during the period. One Capital Management LLC raised its position in SAP by 0.9% in the second quarter. One Capital Management LLC now owns 16,125 shares of the software maker’s stock worth $2,206,000 after acquiring an additional 136 shares during the period. Altfest L J & Co. Inc. bought a new position in SAP in the first quarter worth approximately $754,000. Cookson Peirce & Co. Inc. bought a new position in SAP in the second quarter worth approximately $235,000. Finally, Bessemer Group Inc. raised its position in SAP by 15.8% in the second quarter. Bessemer Group Inc. now owns 1,893 shares of the software maker’s stock worth $259,000 after acquiring an additional 258 shares during the period. Institutional investors and hedge funds own 4.89% of the company’s stock.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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