SAP Target of Unusually High Options Trading (NYSE:SAP)

SAP SE (NYSE:SAP) was the target of unusually large options trading on Thursday. Stock traders bought 5,752 put options on the stock. This represents an increase of 599% compared to the average daily volume of 823 put options.

Analyst Ratings Changes

Several research analysts have recently commented on SAP shares. BMO Capital Markets raised their price target on SAP from $248.00 to $265.00 and gave the stock an “outperform” rating in a research report on Tuesday. TD Cowen raised their price target on SAP from $234.00 to $240.00 and gave the stock a “hold” rating in a research report on Tuesday. Argus upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. JMP Securities raised their price target on SAP from $245.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Finally, Barclays raised their price target on SAP from $252.00 to $275.00 and gave the stock an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, SAP presently has an average rating of “Moderate Buy” and an average target price of $252.33.

SAP Trading Up 1.6 %

SAP opened at $238.34 on Friday. SAP has a 12 month low of $130.63 and a 12 month high of $238.48. The stock has a market capitalization of $292.80 billion, a price-to-earnings ratio of 95.34, a PEG ratio of 4.42 and a beta of 1.25. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day moving average price of $222.71 and a 200 day moving average price of $204.27.

SAP (NYSE:SAP) last released its earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.08). The company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. SAP had a return on equity of 11.39% and a net margin of 8.15%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. Sell-side analysts expect that SAP will post 4.83 earnings per share for the current fiscal year.

Institutional Trading of SAP

Institutional investors have recently bought and sold shares of the business. LRI Investments LLC purchased a new stake in SAP during the 1st quarter worth about $25,000. Godsey & Gibb Inc. purchased a new stake in shares of SAP in the 3rd quarter valued at about $25,000. POM Investment Strategies LLC lifted its holdings in shares of SAP by 892.3% in the 2nd quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock valued at $26,000 after purchasing an additional 116 shares during the last quarter. Crewe Advisors LLC lifted its holdings in shares of SAP by 1,270.0% in the 2nd quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 127 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of SAP in the 1st quarter valued at about $29,000.

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.