SAP SE (NYSE:SAP) Short Interest Update

SAP SE (NYSE:SAP) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 7,558,815 shares, an increase of 31.6% from the March 31st total of 5,743,046 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 3,206,883 shares, the days-to-cover ratio is presently 2.4 days.

SAP Stock Up 0.2%

Shares of NYSE SAP traded up $0.26 during trading on Friday, reaching $169.75. The company had a trading volume of 1,121,166 shares, compared to its average volume of 3,231,091. SAP has a 12-month low of $160.66 and a 12-month high of $313.28. The stock has a market cap of $208.53 billion, a PE ratio of 22.97, a P/E/G ratio of 1.90 and a beta of 1.24. The business’s 50-day moving average is $180.99 and its 200 day moving average is $219.88. The company has a quick ratio of 1.16, a current ratio of 1.07 and a debt-to-equity ratio of 0.11.

SAP (NYSE:SAP) last released its earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The firm had revenue of $11.06 billion for the quarter. As a group, equities analysts forecast that SAP will post 8.37 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 15th. Investors of record on Tuesday, May 5th will be given a dividend of $2.9291 per share. This represents a dividend yield of 175.0%. This is a boost from SAP’s previous annual dividend of $2.54. The ex-dividend date of this dividend is Tuesday, May 5th. SAP’s payout ratio is 24.86%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SAP shares. HSBC upgraded SAP from a “hold” rating to a “buy” rating in a report on Wednesday, April 22nd. Citizens Jmp downgraded SAP from an “outperform” rating to a “market perform” rating in a report on Friday, January 30th. TD Cowen reiterated a “buy” rating on shares of SAP in a report on Thursday, April 16th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of SAP in a report on Tuesday, March 24th. Finally, Piper Sandler downgraded SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $288.00.

Institutional Investors Weigh In On SAP

Several institutional investors have recently modified their holdings of the business. Fisher Asset Management LLC boosted its position in shares of SAP by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock valued at $3,577,793,000 after buying an additional 179,550 shares during the last quarter. Bank of America Corp DE boosted its position 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 buying an additional 973,779 shares during the last quarter. Windacre Partnership LLC boosted its position in shares of SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after buying an additional 1,336,325 shares during the last quarter. Northern Trust Corp boosted its position in shares of SAP by 3.2% during the third quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock valued at $417,113,000 after buying an additional 49,111 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of SAP by 7.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock valued at $291,498,000 after buying an additional 83,349 shares during 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.