SAP SE (NYSE:SAP) Short Interest Update

SAP SE (NYSE:SAP - Get Free Report) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 1,920,000 shares, a growth of 31.5% from the May 15th total of 1,460,000 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,450,000 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of SAP by 152.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 414,154 shares of the software maker's stock worth $101,969,000 after acquiring an additional 249,824 shares during the last quarter. D.A. Davidson & CO. raised its holdings in SAP by 98.9% in the 4th quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock valued at $633,000 after buying an additional 1,279 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in SAP by 164.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker's stock valued at $660,000 after buying an additional 1,667 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in SAP by 89.4% in the 4th quarter. Atria Wealth Solutions Inc. now owns 5,511 shares of the software maker's stock valued at $1,357,000 after buying an additional 2,601 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in SAP by 41.3% in the 4th quarter. Deutsche Bank AG now owns 4,773 shares of the software maker's stock valued at $1,175,000 after buying an additional 1,396 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SAP shares. UBS Group raised SAP to a "strong-buy" rating in a report on Friday, May 30th. Barclays reissued an "overweight" rating and set a $308.00 target price (up previously from $286.00) on shares of SAP in a report on Thursday, April 24th. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Wells Fargo & Company started coverage on SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating for the company. Finally, BMO Capital Markets boosted their price target on SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, SAP has a consensus rating of "Buy" and an average price target of $271.83.

SAP Price Performance

Shares of SAP stock traded down $2.21 on Friday, reaching $287.60. The company had a trading volume of 1,298,391 shares, compared to its average volume of 1,066,731. The stock has a market capitalization of $353.31 billion, a PE ratio of 55.10, a price-to-earnings-growth ratio of 4.16 and a beta of 1.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.15. SAP has a one year low of $191.59 and a one year high of $311.40. The business's 50-day moving average is $290.31 and its 200 day moving average is $274.09.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a net margin of 16.33% and a return on equity of 13.66%. Equities research analysts forecast that SAP will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were issued a $2.5423 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a dividend yield of 0.8%. This is a boost from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio is 35.25%.

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.