PNC Financial Services Group Inc. Buys 11,183 Shares of SAP SE (NYSE:SAP)

PNC Financial Services Group Inc. grew its stake in shares of SAP SE (NYSE:SAP) by 13.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 97,411 shares of the software maker’s stock after buying an additional 11,183 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SAP were worth $23,984,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SAP. CWA Asset Management Group LLC bought a new stake in SAP during the 3rd quarter worth $356,000. Mesirow Financial Investment Management Inc. grew its holdings in shares of SAP by 10.8% during the third quarter. Mesirow Financial Investment Management Inc. now owns 1,326 shares of the software maker’s stock worth $304,000 after purchasing an additional 129 shares during the last quarter. Aptus Capital Advisors LLC acquired a new position in shares of SAP in the third quarter valued at approximately $206,000. Chase Investment Counsel Corp raised its holdings in SAP by 1.7% in the 3rd quarter. Chase Investment Counsel Corp now owns 18,941 shares of the software maker’s stock valued at $4,339,000 after buying an additional 318 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in SAP during the 3rd quarter worth approximately $210,000.

SAP Stock Performance

Shares of SAP stock opened at $261.20 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.16. SAP SE has a 52 week low of $175.08 and a 52 week high of $293.70. The firm has a 50 day moving average of $272.29 and a 200-day moving average of $246.82. The company has a market cap of $320.89 billion, a price-to-earnings ratio of 91.01, a price-to-earnings-growth ratio of 4.71 and a beta of 1.25.

SAP (NYSE:SAP) last posted its quarterly earnings results 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 net margin of 9.17% and a return on equity of 12.18%. On average, equities analysts forecast that SAP SE will post 6.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. JMP Securities upped their price target on shares of SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 29th. BMO Capital Markets increased their price objective on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Kepler Capital Markets raised SAP from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Barclays increased their price target on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $248.83.

SAP Company 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.