Public Employees Retirement System of Ohio Lowers Stake in SAP SE $SAP

Key Points

• The Public Employees Retirement System of Ohio reduced its holdings in SAP SE by 94.8% in the second quarter, selling 73,646 shares and holding only 4,000 shares worth approximately $1.2 million.
• Several large investors increased their stakes in SAP during the first quarter, with Deutsche Bank AG raising its holdings by an impressive 2,105.3% and now owning over 105,000 shares valued at $28.3 million.
• SAP recently reported earnings that exceeded analyst expectations, with a net revenue of $10.58 billion for the quarter, displaying an 8.9% increase year-over-year.

Public Employees Retirement System of Ohio lowered its position in shares of SAP SE (NYSE:SAP - Free Report) by 94.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the software maker's stock after selling 73,646 shares during the quarter. Public Employees Retirement System of Ohio's holdings in SAP were worth $1,216,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SAP. Twin Tree Management LP lifted its holdings in SAP by 122.5% during the first quarter. Twin Tree Management LP now owns 51,632 shares of the software maker's stock valued at $13,860,000 after purchasing an additional 280,896 shares in the last quarter. Main Street Research LLC purchased a new position in SAP during the first quarter valued at approximately $32,151,000. Deutsche Bank AG lifted its holdings in SAP by 2,105.3% during the first quarter. Deutsche Bank AG now owns 105,260 shares of the software maker's stock valued at $28,256,000 after purchasing an additional 100,487 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of SAP by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,908 shares of the software maker's stock worth $354,048,000 after buying an additional 80,164 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in shares of SAP by 5.5% in the first quarter. WCM Investment Management LLC now owns 1,229,086 shares of the software maker's stock worth $329,395,000 after buying an additional 63,538 shares in the last quarter.

SAP Trading Down 0.5%

SAP stock opened at $270.48 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. SAP SE has a twelve month low of $217.51 and a twelve month high of $313.28. The stock has a market capitalization of $332.29 billion, a price-to-earnings ratio of 44.78, a price-to-earnings-growth ratio of 3.89 and a beta of 1.28. The firm's fifty day simple moving average is $272.89 and its two-hundred day simple moving average is $282.40.

SAP (NYSE:SAP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The software maker reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. SAP had a net margin of 18.26% and a return on equity of 14.84%. The business had revenue of $10.58 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. The business's revenue was up 8.9% compared to the same quarter last year. As a group, analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Piper Sandler assumed coverage on shares of SAP in a report on Tuesday, June 17th. They issued an "overweight" rating on the stock. Morgan Stanley reissued an "overweight" rating on shares of SAP in a report on Tuesday, August 5th. Barclays reissued an "overweight" rating and issued a $322.00 target price (up previously from $308.00) on shares of SAP in a report on Friday, July 25th. Weiss Ratings reissued a "buy (b)" rating on shares of SAP in a report on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of SAP from a "buy" rating to a "hold" rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, SAP presently has an average rating of "Buy" and a consensus target price of $281.67.

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.

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