SAP SE (NYSE:SAP) Short Interest Down 19.2% in July

SAP SE (NYSE:SAP) saw a large drop in short interest in July. As of July 31st, there was short interest totalling 1,810,000 shares, a drop of 19.2% from the July 15th total of 2,240,000 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 825,300 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Modera Wealth Management LLC lifted its stake in SAP by 1.4% in the second quarter. Modera Wealth Management LLC now owns 3,736 shares of the software maker’s stock worth $754,000 after purchasing an additional 50 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in SAP by 3.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,488 shares of the software maker’s stock valued at $300,000 after acquiring an additional 51 shares during the period. RFP Financial Group LLC grew its position in SAP by 17.5% in the 2nd quarter. RFP Financial Group LLC now owns 349 shares of the software maker’s stock valued at $70,000 after acquiring an additional 52 shares during the last quarter. PFG Investments LLC lifted its position in shares of SAP by 2.6% during the second quarter. PFG Investments LLC now owns 2,427 shares of the software maker’s stock worth $490,000 after purchasing an additional 61 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in SAP by 32.6% in the 1st quarter. Bessemer Group Inc. now owns 252 shares of the software maker’s stock worth $49,000 after buying an additional 62 shares during the period.

SAP Stock Performance

Shares of SAP traded up $1.23 during trading hours on Friday, hitting $216.17. The stock had a trading volume of 546,550 shares, compared to its average volume of 781,510. The stock has a fifty day moving average price of $201.75 and a 200 day moving average price of $191.95. The firm has a market capitalization of $254.99 billion, a PE ratio of 46.89, a PEG ratio of 4.12 and a beta of 1.25. SAP has a 12 month low of $126.75 and a 12 month high of $217.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12.

SAP (NYSE:SAP) last released its earnings results on Monday, July 22nd. The software maker reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. SAP’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 EPS. Analysts anticipate that SAP will post 4.75 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SAP. Barclays lifted their price objective on SAP from $217.00 to $251.00 and gave the company an “overweight” rating in a research note on Tuesday. BMO Capital Markets upped their price target on shares of SAP from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. JMP Securities raised their price objective on shares of SAP from $220.00 to $245.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 23rd. Sanford C. Bernstein initiated coverage on shares of SAP in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $227.00 target price on the stock. Finally, TD Cowen increased their price target on shares of SAP from $188.00 to $214.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $232.00.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.