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

Federated Hermes Inc. trimmed its holdings in shares of SAP SE (NYSE:SAP) by 21.2% during the 2nd quarter, Holdings Channel reports. The institutional investor 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.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAP. Contravisory Investment Management Inc. raised its position in SAP by 3.2% during the second quarter. Contravisory Investment Management Inc. now owns 1,113 shares of the software maker’s stock valued at $338,000 after purchasing an additional 34 shares during the period. Sage Rhino Capital LLC increased its position in shares of SAP by 1.1% during the 2nd quarter. Sage Rhino Capital LLC now owns 3,438 shares of the software maker’s stock valued at $1,045,000 after purchasing an additional 37 shares during the last quarter. State of Wyoming raised its holdings in SAP by 11.6% during the 1st quarter. State of Wyoming now owns 384 shares of the software maker’s stock valued at $103,000 after buying an additional 40 shares during the period. Tritonpoint Wealth LLC lifted its position in SAP by 1.2% in the second quarter. Tritonpoint Wealth LLC now owns 3,728 shares of the software maker’s stock worth $1,134,000 after buying an additional 45 shares during the last quarter. Finally, Palogic Value Management L.P. boosted its stake in SAP by 0.8% during the second quarter. Palogic Value Management L.P. now owns 6,013 shares of the software maker’s stock worth $1,829,000 after buying an additional 50 shares during the period.

SAP Trading Up 0.7%

Shares of SAP opened at $245.90 on Thursday. The firm has a market capitalization of $302.09 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 3.51 and a beta of 1.19. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.10. SAP SE has a 1-year low of $233.51 and a 1-year high of $313.28. The company has a 50-day moving average of $257.03 and a 200 day moving average of $276.01.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. KeyCorp reissued an “overweight” rating on shares of SAP in a research note on Thursday, October 23rd. Cowen reiterated a “buy” rating on shares of SAP in a report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of SAP in a research report on Friday, October 31st. BMO Capital Markets dropped their target price on SAP from $330.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of SAP in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average 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.