Traders Purchase High Volume of SAP Call Options (SAP)
SAP SE (NYSE:SAP) was the target of some unusual options trading on Monday. Stock traders acquired 920 call options on the stock. This represents an increase of approximately 1,273% compared to the average volume of 67 call options.
SAP (NYSE:SAP) opened at $112.87 on Thursday. The firm has a market capitalization of $141,460.00, a P/E ratio of 30.59, a price-to-earnings-growth ratio of 3.13 and a beta of 1.14. SAP has a 1 year low of $87.76 and a 1 year high of $116.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.18 and a current ratio of 1.18.
SAP (NYSE:SAP) last posted its quarterly earnings results on Thursday, October 19th. The software maker reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.12. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.68 billion. SAP had a return on equity of 15.43% and a net margin of 15.80%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. sell-side analysts forecast that SAP will post 4.13 earnings per share for the current fiscal year.
Several research firms have recently weighed in on SAP. Citigroup reiterated a “buy” rating on shares of SAP in a report on Wednesday. Desjardins upgraded SAP to a “buy” rating and set a $49.00 price objective on the stock in a report on Thursday, December 28th. Zacks Investment Research cut SAP from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Oppenheimer reiterated a “buy” rating and set a $120.00 price objective on shares of SAP in a report on Tuesday, November 14th. Finally, Argus lifted their target price on SAP from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the stock. SAP has an average rating of “Buy” and a consensus target price of $101.92.
Hedge funds and other institutional investors have recently modified their holdings of the company. Icon Advisers Inc. Co. bought a new position in shares of SAP during the 3rd quarter worth approximately $1,502,000. River Road Asset Management LLC bought a new position in shares of SAP during the 3rd quarter worth approximately $255,000. Westwood Management Corp IL boosted its stake in shares of SAP by 2.1% during the 3rd quarter. Westwood Management Corp IL now owns 207,500 shares of the software maker’s stock worth $22,752,000 after acquiring an additional 4,200 shares during the period. FMR LLC boosted its stake in shares of SAP by 6,475.0% during the 2nd quarter. FMR LLC now owns 396,409 shares of the software maker’s stock worth $41,493,000 after acquiring an additional 390,380 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of SAP by 8.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,107,059 shares of the software maker’s stock worth $121,363,000 after acquiring an additional 83,601 shares during the period. Institutional investors own 3.66% of the company’s stock.
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SAP Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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