SAP SE (NYSE:SAP) Sees Significant Increase in Short Interest

SAP SE (NYSE:SAP) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,841,263 shares, an increase of 25.8% from the December 15th total of 1,463,098 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 983,266 shares, the short-interest ratio is presently 1.9 days. Based on an average trading volume of 983,266 shares, the short-interest ratio is presently 1.9 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On SAP

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sage Rhino Capital LLC grew its position in SAP by 1.1% during the 2nd quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock valued at $1,045,000 after purchasing an additional 37 shares during the last quarter. CX Institutional lifted its holdings in shares of SAP by 2.0% during the 3rd quarter. CX Institutional now owns 1,961 shares of the software maker’s stock valued at $524,000 after buying an additional 38 shares during the period. Kathmere Capital Management LLC boosted its stake in shares of SAP by 1.0% in the 3rd quarter. Kathmere Capital Management LLC now owns 4,019 shares of the software maker’s stock worth $1,074,000 after buying an additional 40 shares during the last quarter. Binnacle Investments Inc grew its holdings in shares of SAP by 14.2% in the third quarter. Binnacle Investments Inc now owns 338 shares of the software maker’s stock worth $90,000 after acquiring an additional 42 shares during the period. Finally, Certuity LLC increased its position in SAP by 2.4% during the second quarter. Certuity LLC now owns 1,866 shares of the software maker’s stock valued at $568,000 after acquiring an additional 43 shares during the last quarter.

SAP Stock Down 2.8%

NYSE:SAP traded down $6.46 during mid-day trading on Tuesday, hitting $227.13. 672,742 shares of the company’s stock were exchanged, compared to its average volume of 1,581,597. The company has a market cap of $286.97 billion, a PE ratio of 33.88, a P/E/G ratio of 2.87 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.10. SAP has a one year low of $224.77 and a one year high of $313.28. The business has a fifty day moving average price of $242.81 and a 200 day moving average price of $264.72.

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

Wall Street Analyst Weigh In

SAP has been the topic of several recent analyst reports. Arete Research raised SAP to a “strong-buy” rating in a research note on Thursday, December 11th. Barclays lifted their price objective on SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a research report on Friday, October 24th. Citigroup restated a “buy” rating on shares of SAP in a report on Thursday, December 11th. Morgan Stanley reiterated an “overweight” rating on shares of SAP in a report on Friday, October 31st. Finally, Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $280.20.

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.