SAP (NYSE:SAP) Sees Strong Trading Volume – Here’s Why

Shares of SAP SE (NYSE:SAP) saw unusually-high trading volume on Tuesday . Approximately 5,593,741 shares were traded during mid-day trading, an increase of 87% from the previous session’s volume of 2,992,768 shares.The stock last traded at $196.6020 and had previously closed at $207.23.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SAP shares. Arete Research raised SAP to a “strong-buy” rating in a research note on Thursday, December 11th. KeyCorp reissued an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of SAP in a report on Friday, January 30th. Barclays set a $283.00 target price on shares of SAP in a research note on Monday. Finally, TD Cowen reaffirmed a “buy” rating on shares of SAP in a research report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.75.

SAP Stock Performance

The company has a 50 day moving average of $236.33 and a two-hundred day moving average of $257.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 1.10. The company has a market capitalization of $242.50 billion, a PE ratio of 28.00, a PEG ratio of 2.18 and a beta of 1.17.

SAP (NYSE:SAP) last announced its quarterly earnings data on Thursday, January 29th. The software maker reported $1.90 EPS for the quarter, beating the consensus estimate of $1.77 by $0.13. The business had revenue of $11.36 billion during the quarter, compared to analyst estimates of $9.77 billion. SAP had a return on equity of 16.52% and a net margin of 19.92%.The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 earnings per share. As a group, equities research analysts predict that SAP SE will post 6.55 earnings per share for the current year.

Hedge Funds Weigh In On SAP

A number of hedge funds have recently bought and sold shares of SAP. First PREMIER Bank purchased a new position in SAP in the third quarter worth about $25,000. Retirement Wealth Solutions LLC lifted its position in SAP by 246.4% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 97 shares of the software maker’s stock valued at $26,000 after acquiring an additional 69 shares in the last quarter. Sound Income Strategies LLC boosted its stake in SAP by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 111 shares of the software maker’s stock valued at $26,000 after purchasing an additional 58 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of SAP in the 3rd quarter worth $27,000. Finally, Copia Wealth Management bought a new position in shares of SAP during the third quarter valued at $28,000.

SAP Company Profile

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.