SAP SE (NYSE:SAP) Short Interest Down 15.6% in January

SAP SE (NYSE:SAP) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 2,060,000 shares, a decline of 15.6% from the December 31st total of 2,440,000 shares. Based on an average daily volume of 936,400 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their target price for the stock from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays lifted their target price on SAP from $283.00 to $286.00 and gave the stock an “overweight” rating in a research report on Thursday. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. JMP Securities boosted their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a report on Wednesday, January 29th. Finally, BMO Capital Markets boosted their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP currently has an average rating of “Buy” and an average target price of $248.83.

SAP Stock Down 1.3 %

NYSE:SAP traded down $3.67 during trading hours on Monday, reaching $272.39. The company’s stock had a trading volume of 2,379,085 shares, compared to its average volume of 1,159,923. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10. SAP has a one year low of $173.09 and a one year high of $280.53. The business’s 50-day moving average is $253.80 and its 200-day moving average is $233.28. The company has a market cap of $334.63 billion, a price-to-earnings ratio of 94.91, a price-to-earnings-growth ratio of 4.53 and a beta of 1.23.

SAP (NYSE:SAP) last released its earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a net margin of 9.17% and a return on equity of 12.18%. Equities research analysts predict that SAP will post 6.53 EPS for the current year.

Hedge Funds Weigh In On SAP

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC boosted its position in shares of SAP by 22.3% during the third quarter. FMR LLC now owns 10,246,279 shares of the software maker’s stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of SAP during the fourth quarter worth $290,023,000. Jennison Associates LLC acquired a new stake in shares of SAP during the fourth quarter worth $47,195,000. International Assets Investment Management LLC acquired a new stake in shares of SAP during the third quarter worth $40,573,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of SAP by 644.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker’s stock worth $37,648,000 after acquiring an additional 142,270 shares during the period.

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.