SAP SE (NYSE:SAP – Get Rating) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,000,000 shares, a decrease of 23.1% from the March 31st total of 1,300,000 shares. Based on an average trading volume of 915,300 shares, the short-interest ratio is presently 1.1 days. Approximately 0.1% of the shares of the stock are sold short.
SAP Stock Performance
SAP stock opened at $133.35 on Thursday. The firm has a 50 day moving average of $122.30 and a two-hundred day moving average of $112.01. SAP has a 12 month low of $78.22 and a 12 month high of $135.67. The company has a market capitalization of $157.30 billion, a price-to-earnings ratio of 74.50, a P/E/G ratio of 2.40 and a beta of 1.19. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.22.
SAP (NYSE:SAP – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The software maker reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.32). SAP had a return on equity of 5.49% and a net margin of 6.47%. The business had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $8.23 billion. As a group, equities analysts anticipate that SAP will post 3.94 EPS for the current fiscal year.
SAP Cuts Dividend
The company also recently declared an annual dividend, which will be paid on Monday, May 22nd. Stockholders of record on Monday, May 15th will be given a $2.1864 dividend. This represents a dividend yield of 1.3%. The ex-dividend date is Friday, May 12th. SAP’s dividend payout ratio is 88.27%.
Institutional Trading of SAP
Large investors have recently modified their holdings of the company. FinTrust Capital Advisors LLC lifted its position in SAP by 130.8% during the 4th quarter. FinTrust Capital Advisors LLC now owns 240 shares of the software maker’s stock worth $25,000 after acquiring an additional 136 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in SAP during the 2nd quarter valued at approximately $25,000. Cambridge Trust Co. grew its position in SAP by 120.0% in the 3rd quarter. Cambridge Trust Co. now owns 341 shares of the software maker’s stock worth $28,000 after purchasing an additional 186 shares during the last quarter. CENTRAL TRUST Co grew its holdings in shares of SAP by 72.7% during the 3rd quarter. CENTRAL TRUST Co now owns 380 shares of the software maker’s stock worth $31,000 after purchasing an additional 160 shares in the last quarter. Finally, Addenda Capital Inc. bought a new stake in shares of SAP during the fourth quarter valued at approximately $33,000. 5.23% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on SAP shares. BMO Capital Markets lifted their target price on SAP from $125.00 to $140.00 in a report on Monday. Barclays boosted their price objective on SAP from $134.00 to $136.00 in a report on Monday. StockNews.com upgraded shares of SAP from a “buy” rating to a “strong-buy” rating in a report on Friday, April 21st. Citigroup upgraded shares of SAP from a “neutral” rating to a “buy” rating in a research report on Tuesday. Finally, Sanford C. Bernstein lifted their price objective on shares of SAP from $144.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $120.20.
SAP Company Profile
SAP SE engages in the provision of enterprise application software and software-related services. It operates through the following segments: Applications, Technology, and Support; Qualtrics; and Services. The Applications, Technology, and Services segment includes sale of software licenses, support offerings, and cloud subscriptions.