Public Employees Retirement System of Ohio Takes $616,000 Position in SAP SE $SAP

Public Employees Retirement System of Ohio bought a new position in SAP SE (NYSE:SAP) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,000 shares of the software maker’s stock, valued at approximately $616,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Windacre Partnership LLC boosted its stake in SAP by 130.9% in the 3rd quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock valued at $629,874,000 after buying an additional 1,336,325 shares in the last quarter. Bank of America Corp DE raised its stake in SAP by 58.1% during the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock worth $805,992,000 after acquiring an additional 973,779 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in SAP during the first quarter worth $150,701,000. Sustainable Growth Advisers LP lifted its holdings in shares of SAP by 1,126.3% during the third quarter. Sustainable Growth Advisers LP now owns 842,416 shares of the software maker’s stock valued at $225,102,000 after acquiring an additional 773,720 shares during the period. Finally, Ruane Cunniff & Goldfarb L.P. boosted its stake in shares of SAP by 1,532.8% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 749,909 shares of the software maker’s stock valued at $128,392,000 after purchasing an additional 703,982 shares in the last quarter.

SAP Stock Performance

SAP stock opened at $206.09 on Friday. The stock has a 50-day simple moving average of $190.49 and a 200 day simple moving average of $180.68. The stock has a market capitalization of $253.18 billion, a price-to-earnings ratio of 25.89, a P/E/G ratio of 2.49 and a beta of 1.14. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. SAP SE has a 12-month low of $144.97 and a 12-month high of $281.36.

SAP (NYSE:SAP) last issued its quarterly earnings data on Wednesday, July 22nd. The software maker reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.18). The company had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.30 billion. SAP had a return on equity of 17.07% and a net margin of 20.88%.The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 EPS. On average, research analysts anticipate that SAP SE will post 8.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the topic of several analyst reports. Jefferies Financial Group lowered shares of SAP from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Wall Street Zen downgraded shares of SAP from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Morgan Stanley restated an “overweight” rating on shares of SAP in a research report on Friday, August 21st. Wells Fargo & Company reaffirmed an “overweight” rating on shares of SAP in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $265.00 price objective on shares of SAP in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, SAP currently has an average rating of “Moderate Buy” and a consensus price target of $255.67.

About SAP

SAP SE is a German enterprise software company headquartered in Walldorf, Germany. The company develops technology that helps organizations manage core business operations, including finance, procurement, supply chain, manufacturing, human resources, sales and customer relationships.

SAP’s portfolio is centered on its cloud-based enterprise resource planning platform, SAP S/4HANA, along with the SAP Business Technology Platform. Its products and services also include SAP SuccessFactors for human resources, SAP Ariba for business-to-business procurement, SAP Concur for travel and expense management, and solutions for customer experience, data management, analytics and artificial intelligence.

SAP was founded in 1972 by five former IBM employees and has grown into a global provider of business software.