SAP SE $SAP Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in SAP SE (NYSE:SAP) by 10.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 93,931 shares of the software maker’s stock after purchasing 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 filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Dara Capital US Inc. acquired a new position in SAP in the 4th quarter valued at about $3,342,000. Oppenheimer Asset Management Inc. boosted its holdings in SAP by 15.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 53,410 shares of the software maker’s stock valued at $14,272,000 after purchasing an additional 7,066 shares in the last quarter. Seaview Investment Managers LLC boosted its holdings in SAP by 191.4% in the 3rd quarter. Seaview Investment Managers LLC now owns 11,744 shares of the software maker’s stock valued at $3,138,000 after purchasing an additional 7,714 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in SAP in the 3rd quarter valued at approximately $32,760,000. Finally, Dash Acquisitions Inc. boosted its holdings in SAP by 8.7% in the 4th quarter. Dash Acquisitions Inc. now owns 78,880 shares of the software maker’s stock valued at $19,161,000 after purchasing an additional 6,315 shares in the last quarter.

Analyst Upgrades and Downgrades

SAP has been the topic of a number of analyst reports. Santander raised SAP from a “neutral” rating to an “outperform” rating in a report on Friday, April 24th. Barclays lifted their price objective on SAP from $256.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Zacks Research lowered SAP from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of SAP in a report on Tuesday, March 24th. Finally, Weiss Ratings lowered SAP from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 16th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

SAP Stock Performance

NYSE SAP opened at $176.04 on Friday. The business has a 50 day moving average price of $173.67 and a 200 day moving average price of $209.89. The company has a market capitalization of $216.26 billion, a P/E ratio of 23.79, a PEG ratio of 1.98 and a beta of 1.11. SAP SE has a 1-year low of $158.58 and a 1-year high of $313.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07.

SAP (NYSE:SAP) last issued its quarterly earnings data on Friday, February 27th. The software maker reported $1.99 earnings per share (EPS) for the quarter. The firm had revenue of $11.06 billion during the quarter. SAP had a return on equity of 17.31% and a net margin of 20.08%. Sell-side analysts expect that SAP SE will post 8.34 EPS for the current fiscal year.

SAP Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were issued a dividend of $2.9291 per share. This is a boost from SAP’s previous annual dividend of $2.54. This represents a yield of 170.0%. The ex-dividend date of this dividend was Tuesday, May 5th. SAP’s payout ratio is presently 28.92%.

About SAP

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.