SAP SE (NYSE:SAP) Short Interest Down 31.5% in May

SAP SE (NYSE:SAP - Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 1,460,000 shares, a decrease of 31.5% from the April 30th total of 2,130,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company's stock are sold short.

SAP Stock Up 0.7%

SAP stock traded up $2.20 during trading on Tuesday, reaching $306.86. 1,256,298 shares of the company traded hands, compared to its average volume of 1,056,685. SAP has a 12 month low of $183.23 and a 12 month high of $308.07. The business has a 50 day simple moving average of $278.72 and a 200 day simple moving average of $268.37. The company has a market capitalization of $376.98 billion, a price-to-earnings ratio of 106.92, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12.

SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.12. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $9.08 billion. SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, equities research analysts anticipate that SAP will post 6.55 earnings per share for the current fiscal year.

SAP Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th were issued a $2.5423 dividend. This represents a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 13th. This is an increase from SAP's previous annual dividend of $2.39. SAP's dividend payout ratio (DPR) is currently 35.25%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group raised SAP to a "strong-buy" rating in a research report on Friday. Jefferies Financial Group reissued a "buy" rating on shares of SAP in a research report on Friday, May 2nd. Barclays reissued an "overweight" rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. Wells Fargo & Company assumed coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. Finally, Argus reissued a "buy" rating and set a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $271.83.

Institutional Investors Weigh In On SAP

Institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 in the last quarter. D.A. Davidson & CO. boosted its holdings in SAP by 98.9% in the fourth quarter. D.A. Davidson & CO. now owns 2,572 shares of the software maker's stock worth $633,000 after acquiring an additional 1,279 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of SAP by 164.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,681 shares of the software maker's stock worth $660,000 after purchasing an additional 1,667 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in shares of SAP by 89.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 5,511 shares of the software maker's stock worth $1,357,000 after purchasing an additional 2,601 shares during the period. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of SAP during the fourth quarter worth about $518,000.

SAP Company Profile

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.