Stock Traders Purchase High Volume of SAP Call Options (SAP)

SAP SE (NYSE:SAP) was the recipient of some unusual options trading on Thursday. Traders bought 14,552 call options on the stock. This is an increase of approximately 3,269% compared to the average daily volume of 432 call options.

SAP opened at $114.55 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $140.25 billion, a PE ratio of 25.31, a P/E/G ratio of 3.45 and a beta of 1.12. SAP has a twelve month low of $113.13 and a twelve month high of $113.91.

SAP (NYSE:SAP) last released its earnings results on Tuesday, April 24th. The software maker reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.25. The firm had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $5.30 billion. SAP had a return on equity of 18.33% and a net margin of 18.00%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. analysts expect that SAP will post 4.59 earnings per share for the current fiscal year.

The business also recently disclosed an annual dividend, which will be paid on Tuesday, May 29th. Shareholders of record on Monday, May 21st will be given a dividend of $1.7271 per share. The ex-dividend date of this dividend is Friday, May 18th. This is an increase from SAP’s previous annual dividend of $1.33. This represents a yield of 1.6%.

A number of hedge funds have recently modified their holdings of SAP. Principal Financial Group Inc. lifted its position in SAP by 7,785.3% during the first quarter. Principal Financial Group Inc. now owns 354,838 shares of the software maker’s stock worth $37,315,000 after acquiring an additional 350,338 shares during the last quarter. Wells Fargo & Company MN lifted its position in SAP by 27.9% during the first quarter. Wells Fargo & Company MN now owns 1,218,224 shares of the software maker’s stock worth $128,109,000 after acquiring an additional 265,462 shares during the last quarter. Fisher Asset Management LLC lifted its position in SAP by 3.8% during the fourth quarter. Fisher Asset Management LLC now owns 6,850,748 shares of the software maker’s stock worth $769,750,000 after acquiring an additional 251,593 shares during the last quarter. JPMorgan Chase & Co. lifted its position in SAP by 244.7% during the first quarter. JPMorgan Chase & Co. now owns 340,357 shares of the software maker’s stock worth $35,792,000 after acquiring an additional 241,605 shares during the last quarter. Finally, Sustainable Growth Advisers LP lifted its position in SAP by 6.0% during the first quarter. Sustainable Growth Advisers LP now owns 3,099,490 shares of the software maker’s stock worth $325,943,000 after acquiring an additional 176,456 shares during the last quarter. Hedge funds and other institutional investors own 10.32% of the company’s stock.

Several research firms have commented on SAP. Cleveland Research cut SAP from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Royal Bank of Canada reaffirmed a “neutral” rating on shares of SAP in a report on Monday, January 22nd. DZ Bank reaffirmed a “buy” rating on shares of SAP in a report on Friday, January 19th. Zacks Investment Research raised SAP from a “hold” rating to a “strong-buy” rating and set a $126.00 price target for the company in a report on Friday, April 27th. Finally, ValuEngine upgraded SAP from a “hold” rating to a “buy” rating in a research note on Tuesday, May 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. SAP currently has a consensus rating of “Buy” and a consensus price target of $110.80.

SAP Company Profile

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution that enables businesses to manage data from various sources; SAP Cloud Platform, which enables businesses to connect and integrate applications; SAP BW/4HANA, a data warehouse solution; SAP Leonardo, a system that enables customers to make business sense and opportunity of disruptive technologies; and SAP Analytics Cloud, which leverages the intersection of business intelligence, planning, and predictive analytics.

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