PNC Financial Services Group Inc. Grows Position in SAP SE (NYSE:SAP)

PNC Financial Services Group Inc. lifted its position in SAP SE (NYSE:SAP) by 8.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 88,234 shares of the software maker’s stock after purchasing an additional 6,940 shares during the period. PNC Financial Services Group Inc.’s holdings in SAP were worth $13,640,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SAP. Sivia Capital Partners LLC bought a new stake in shares of SAP in the fourth quarter worth about $427,000. SageView Advisory Group LLC purchased a new position in shares of SAP during the fourth quarter valued at approximately $199,000. Abel Hall LLC bought a new position in shares of SAP during the fourth quarter valued at approximately $236,000. Syon Capital LLC lifted its stake in SAP by 31.9% in the fourth quarter. Syon Capital LLC now owns 3,996 shares of the software maker’s stock worth $618,000 after acquiring an additional 967 shares during the period. Finally, Sunpointe LLC purchased a new position in SAP during the 4th quarter valued at $311,000.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SAP. JMP Securities raised their target price on shares of SAP from $204.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 23rd. Sanford C. Bernstein assumed coverage on SAP in a research report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price objective on the stock. KeyCorp initiated coverage on SAP in a research report on Thursday, March 21st. They issued an “overweight” rating for the company. BMO Capital Markets lifted their price target on SAP from $215.00 to $218.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Finally, Barclays decreased their price objective on SAP from $212.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $216.40.

SAP Stock Performance

Shares of NYSE:SAP opened at $188.62 on Wednesday. SAP SE has a 12-month low of $126.75 and a 12-month high of $199.29. The stock has a fifty day simple moving average of $187.47 and a two-hundred day simple moving average of $178.58. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.18.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, April 22nd. The software maker reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). SAP had a return on equity of 9.79% and a net margin of 15.76%. The firm had revenue of $8.73 billion during the quarter, compared to the consensus estimate of $8.73 billion. As a group, equities research analysts expect that SAP SE will post 4.56 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently declared an annual dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, May 17th were issued a dividend of $2.3852 per share. This is a boost from SAP’s previous annual dividend of $2.19. The ex-dividend date of this dividend was Thursday, May 16th. This represents a dividend yield of 0.9%. SAP’s dividend payout ratio is presently 37.53%.

SAP 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.