SAP (NYSE:SAP) Sees Large Volume Increase

SAP SE (NYSE:SAP) saw strong trading volume on Wednesday . 3,651,997 shares traded hands during trading, an increase of 360% from the previous session’s volume of 793,699 shares.The stock last traded at $134.03 and had previously closed at $133.01.

Several equities research analysts have recently commented on the company. HSBC raised SAP from a “hold” rating to a “buy” rating in a research note on Monday, June 17th. DZ Bank reissued a “buy” rating on shares of SAP in a research note on Thursday, May 2nd. BMO Capital Markets reissued a “hold” rating and set a $45.00 price target on shares of SAP in a research note on Wednesday, May 1st. Argus reissued a “buy” rating on shares of SAP in a research note on Wednesday, May 1st. Finally, Royal Bank of Canada raised SAP from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $133.00 to $167.00 in a research note on Monday, April 29th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. SAP has an average rating of “Buy” and an average target price of $113.22.

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s 50 day moving average is $127.89. The company has a market capitalization of $165.76 billion, a PE ratio of 29.59, a PEG ratio of 2.92 and a beta of 1.04.

SAP (NYSE:SAP) last posted its earnings results on Wednesday, April 24th. The software maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. SAP had a return on equity of 15.57% and a net margin of 12.81%. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the company earned $0.73 EPS. SAP’s revenue was up 16.3% on a year-over-year basis. As a group, research analysts forecast that SAP SE will post 4.56 EPS for the current fiscal year.

The business also recently announced an annual dividend, which was paid on Tuesday, May 28th. Investors of record on Friday, May 17th were paid a $1.6961 dividend. This represents a yield of 1.51%. The ex-dividend date of this dividend was Thursday, May 16th. SAP’s payout ratio is currently 26.49%.

A number of hedge funds have recently bought and sold shares of SAP. Lazard Asset Management LLC lifted its stake in SAP by 326.9% in the 1st quarter. Lazard Asset Management LLC now owns 1,765,545 shares of the software maker’s stock valued at $203,849,000 after buying an additional 1,351,984 shares in the last quarter. GQG Partners LLC lifted its stake in SAP by 108.4% in the 4th quarter. GQG Partners LLC now owns 2,218,850 shares of the software maker’s stock valued at $220,951,000 after buying an additional 1,153,894 shares in the last quarter. FMR LLC lifted its stake in SAP by 32.1% in the 4th quarter. FMR LLC now owns 3,515,919 shares of the software maker’s stock valued at $350,010,000 after buying an additional 854,993 shares in the last quarter. Jennison Associates LLC acquired a new position in SAP in the 1st quarter valued at $56,261,000. Finally, Deutsche Bank AG raised its holdings in SAP by 5,035.6% in the 4th quarter. Deutsche Bank AG now owns 239,009 shares of the software maker’s stock valued at $23,792,000 after acquiring an additional 234,355 shares during the last quarter. 4.84% of the stock is currently owned by hedge funds and other institutional investors.

SAP Company Profile (NYSE:SAP)

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

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