PNC Financial Services Group Inc. boosted its holdings in SAP SE (NYSE:SAP - Free Report) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 97,411 shares of the software maker's stock after purchasing an additional 11,183 shares during the period. PNC Financial Services Group Inc.'s holdings in SAP were worth $23,984,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Oppenheimer & Co. Inc. boosted its stake in shares of SAP by 4.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 955 shares of the software maker's stock valued at $235,000 after buying an additional 38 shares during the last quarter. Lindbrook Capital LLC boosted its stake in SAP by 2.0% during the 4th quarter. Lindbrook Capital LLC now owns 2,186 shares of the software maker's stock valued at $538,000 after acquiring an additional 43 shares during the last quarter. Foster Group Inc. grew its holdings in SAP by 4.3% during the 4th quarter. Foster Group Inc. now owns 1,089 shares of the software maker's stock worth $268,000 after acquiring an additional 45 shares in the last quarter. Wedmont Private Capital raised its stake in shares of SAP by 2.4% in the 4th quarter. Wedmont Private Capital now owns 1,927 shares of the software maker's stock valued at $485,000 after purchasing an additional 46 shares in the last quarter. Finally, Addison Advisors LLC lifted its position in shares of SAP by 3.0% during the fourth quarter. Addison Advisors LLC now owns 1,586 shares of the software maker's stock worth $390,000 after purchasing an additional 46 shares during the last quarter.
SAP Price Performance
SAP stock traded up $4.90 during trading on Wednesday, hitting $265.57. The company had a trading volume of 618,228 shares, compared to its average volume of 874,289. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The firm has a market capitalization of $326.25 billion, a price-to-earnings ratio of 92.55, a P/E/G ratio of 4.71 and a beta of 1.25. The business has a 50 day moving average of $272.58 and a 200 day moving average of $247.11. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.
SAP (NYSE:SAP - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. As a group, research analysts predict that SAP SE will post 6.55 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Barclays upped their price objective on SAP from $283.00 to $286.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 price objective on shares of SAP in a report on Thursday, January 30th. TD Cowen raised shares of SAP from a "hold" rating to a "buy" rating and increased their target price for the stock from $240.00 to $305.00 in a report on Friday, January 17th. Finally, JMP Securities lifted their target price on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a research note on Wednesday, January 29th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $248.83.
View Our Latest Stock Report on SAP
SAP Profile
(
Free Report)
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.
Further Reading
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