Public Employees Retirement System of Ohio Purchases 38,452 Shares of SAP SE (NYSE:SAP)

Public Employees Retirement System of Ohio boosted its holdings in shares of SAP SE (NYSE:SAP - Free Report) by 94.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 79,046 shares of the software maker's stock after acquiring an additional 38,452 shares during the period. Public Employees Retirement System of Ohio's holdings in SAP were worth $19,462,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SAP. WCM Investment Management LLC acquired a new stake in SAP during the 4th quarter worth $290,023,000. TD Asset Management Inc. grew its holdings in SAP by 125.0% during the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock worth $394,563,000 after acquiring an additional 890,157 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of SAP by 145.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock valued at $331,523,000 after buying an additional 798,037 shares during the period. Northern Trust Corp grew its holdings in shares of SAP by 91.2% in the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock valued at $362,371,000 after buying an additional 701,880 shares during the period. Finally, Wellington Management Group LLP acquired a new position in shares of SAP in the 4th quarter valued at $163,630,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SAP. BMO Capital Markets boosted their price target on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. JMP Securities reaffirmed a "market outperform" rating and issued a $330.00 target price on shares of SAP in a research note on Friday, May 23rd. Wells Fargo & Company initiated coverage on shares of SAP in a research note on Tuesday, May 20th. They issued an "overweight" rating for the company. Barclays reaffirmed an "overweight" rating and issued a $308.00 target price (up from $286.00) on shares of SAP in a research note on Thursday, April 24th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $38.00 target price on shares of SAP in a research note on Thursday, January 30th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $271.83.

SAP Price Performance

Shares of NYSE SAP traded down $3.93 during trading hours on Wednesday, hitting $297.91. 1,069,082 shares of the stock were exchanged, compared to its average volume of 1,056,378. The company has a market cap of $365.98 billion, a PE ratio of 103.80, a price-to-earnings-growth ratio of 4.71 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.10 and a current ratio of 1.12. The company's fifty day simple moving average is $276.60 and its two-hundred day simple moving average is $266.21. SAP SE has a 1-year low of $179.43 and a 1-year high of $304.43.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, beating the consensus estimate of $1.39 by $0.12. The business had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $9.08 billion. SAP had a net margin of 9.17% and a return on equity of 12.18%. On average, sell-side analysts predict that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Investors of record on Tuesday, May 13th were paid a $2.5423 dividend. This is an increase from SAP's previous annual dividend of $2.39. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a yield of 0.8%. SAP's dividend payout ratio is presently 35.25%.

About SAP

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.