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

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

Other large investors have also made changes to their positions in the company. Bayban bought a new position in SAP in the 4th quarter worth approximately $28,000. Front Row Advisors LLC lifted its holdings in shares of SAP by 362.5% during the first quarter. Front Row Advisors LLC now owns 185 shares of the software maker’s stock worth $32,000 after buying an additional 145 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of SAP by 758.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 146 shares of the software maker’s stock valued at $35,000 after acquiring an additional 129 shares during the period. Riggs Asset Managment Co. Inc. boosted its position in shares of SAP by 83.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 147 shares of the software maker’s stock valued at $45,000 after acquiring an additional 67 shares during the period. Finally, MidFirst Bank acquired a new stake in shares of SAP in the fourth quarter worth $46,000.

SAP Stock Performance

Shares of NYSE SAP opened at $206.09 on Friday. The business has a fifty day simple moving average of $190.49 and a 200 day simple moving average of $180.68. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $253.18 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 2.49 and a beta of 1.14. SAP SE has a one year low of $144.97 and a one year high of $281.36.

SAP (NYSE:SAP) last issued its earnings results on Wednesday, July 22nd. The software maker reported $1.82 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.18). The firm had revenue of $11.27 billion during 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 for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $1.50 earnings per share. Sell-side analysts expect that SAP SE will post 8.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on SAP. UBS Group cut shares of SAP from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 26th. BMO Capital Markets increased their price target on shares of SAP from $175.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Wall Street Zen lowered shares of SAP from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. TD Cowen restated a “buy” rating on shares of SAP in a report on Friday, July 24th. Finally, Argus set a $265.00 price objective on shares of SAP in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.