PNC Financial Services Group Inc. raised its holdings in SAP SE (NYSE:SAP – Free Report) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,931 shares of the software maker’s stock after buying an additional 9,205 shares during the period. PNC Financial Services Group Inc.’s holdings in SAP were worth $22,817,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Profund Advisors LLC raised its stake in SAP by 9.2% in the fourth quarter. Profund Advisors LLC now owns 5,037 shares of the software maker’s stock valued at $1,224,000 after buying an additional 424 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in SAP in the fourth quarter valued at $256,000. Elyxium Wealth LLC acquired a new stake in SAP in the fourth quarter valued at $105,000. Abacus Wealth Partners LLC acquired a new stake in SAP in the fourth quarter valued at $1,430,000. Finally, May Hill Capital LLC raised its stake in SAP by 97.3% in the fourth quarter. May Hill Capital LLC now owns 6,714 shares of the software maker’s stock valued at $1,631,000 after buying an additional 3,311 shares in the last quarter.
Analyst Ratings Changes
A number of research firms have weighed in on SAP. Citigroup cut SAP from a “buy” rating to a “hold” rating in a research note on Friday, January 30th. Weiss Ratings cut SAP from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 16th. TD Cowen reiterated a “buy” rating on shares of SAP in a research report on Thursday, May 14th. Citizens Jmp cut SAP from an “outperform” rating to a “market perform” rating in a research report on Friday, January 30th. Finally, BMO Capital Markets cut their target price on SAP from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.
SAP Stock Down 0.1%
SAP opened at $176.04 on Friday. The business’s 50-day simple moving average is $173.67 and its 200-day simple moving average is $209.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. SAP SE has a one year low of $158.58 and a one year high of $313.28. The stock has a market capitalization of $216.26 billion, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11.
SAP (NYSE:SAP – Get Free Report) last posted its earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%.The business had revenue of $11.06 billion for the quarter. Analysts anticipate that SAP SE will post 8.34 EPS for the current year.
SAP Increases Dividend
The business also recently declared an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a $2.9291 dividend. This is a boost from SAP’s previous annual dividend of $2.54. The ex-dividend date was Tuesday, May 5th. This represents a yield of 170.0%. SAP’s payout ratio is presently 28.92%.
SAP 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.
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