Federated Hermes Inc. Trims Stock Position in SAP SE $SAP

Federated Hermes Inc. decreased its holdings in SAP SE (NYSE:SAP) by 21.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,070 shares of the software maker’s stock after selling 11,057 shares during the quarter. Federated Hermes Inc.’s holdings in SAP were worth $12,489,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vermillion Wealth Management Inc. purchased a new position in shares of SAP during the 2nd quarter worth $31,000. Princeton Global Asset Management LLC purchased a new stake in shares of SAP in the 2nd quarter worth $38,000. Motco lifted its position in SAP by 400.0% during the second quarter. Motco now owns 125 shares of the software maker’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Solstein Capital LLC purchased a new position in SAP during the second quarter valued at $40,000. Finally, Evelyn Partners Investment Management Services Ltd grew its holdings in SAP by 144.6% during the second quarter. Evelyn Partners Investment Management Services Ltd now owns 159 shares of the software maker’s stock valued at $48,000 after purchasing an additional 94 shares during the period.

SAP Stock Up 0.7%

SAP opened at $245.90 on Thursday. The firm has a 50-day simple moving average of $257.03 and a two-hundred day simple moving average of $276.01. SAP SE has a 52 week low of $233.51 and a 52 week high of $313.28. The company has a market capitalization of $302.09 billion, a PE ratio of 36.81, a price-to-earnings-growth ratio of 3.51 and a beta of 1.19. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

SAP (NYSE:SAP) last issued its earnings results on Wednesday, October 22nd. The software maker reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.17. SAP had a return on equity of 15.69% and a net margin of 19.50%.The firm had revenue of $10.65 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the firm posted $1.23 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. Analysts forecast that SAP SE will post 6.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on SAP shares. Cowen reaffirmed a “buy” rating on shares of SAP in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SAP in a report on Friday, October 31st. KeyCorp reissued an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Argus restated a “buy” rating and set a $320.00 target price on shares of SAP in a research note on Friday, October 24th. Finally, Barclays increased their price target on SAP from $322.00 to $348.00 and gave the stock an “overweight” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $284.33.

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.