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

SAP SE (NYSE:SAP) saw some unusual options trading activity on Thursday. Stock traders acquired 14,552 call options on the company. This represents an increase of 3,269% compared to the typical volume of 432 call options.

A number of institutional investors and hedge funds have recently made changes to their positions in SAP. Principal Financial Group Inc. raised 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 valued at $37,315,000 after purchasing an additional 350,338 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of 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 buying an additional 265,462 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of 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 buying an additional 251,593 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 241,605 shares during the last quarter. Finally, Sustainable Growth Advisers LP grew its stake in shares of 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 buying an additional 176,456 shares during the last quarter. Institutional investors and hedge funds own 10.32% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of SAP from $132.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, April 25th. ValuEngine upgraded shares of SAP from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st. Royal Bank of Canada reiterated a “neutral” rating and issued a price target on shares of SAP in a research report on Tuesday, April 24th. Cleveland Research downgraded shares of SAP from a “buy” rating to a “neutral” rating in a research report on Thursday, January 25th. Finally, DZ Bank reiterated a “buy” rating on shares of SAP in a research report on Friday, January 19th. 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 given a strong buy rating to the company. SAP has a consensus rating of “Buy” and a consensus price target of $110.80.

Shares of SAP opened at $114.55 on Friday, according to Marketbeat. SAP has a one year low of $113.13 and a one year high of $113.91. The company has a market cap of $140.25 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 3.45 and a beta of 1.12. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.32 and a quick ratio of 1.32.

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

The company 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. This is an increase from SAP’s previous annual dividend of $1.33. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 18th.

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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