Federated Hermes Inc. Trims Stock Position in SAP SE (NYSE:SAP)

Federated Hermes Inc. trimmed its stake in SAP SE (NYSE:SAP) by 26.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,831 shares of the software maker’s stock after selling 20,868 shares during the period. Federated Hermes Inc.’s holdings in SAP were worth $11,463,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Northwest Investment Counselors LLC bought a new stake in SAP during the 1st quarter valued at approximately $25,000. LRI Investments LLC purchased a new stake in SAP in the first quarter worth $25,000. POM Investment Strategies LLC raised its holdings in SAP by 892.3% in the second quarter. POM Investment Strategies LLC now owns 129 shares of the software maker’s stock worth $26,000 after purchasing an additional 116 shares in the last quarter. Crewe Advisors LLC lifted its position in SAP by 1,270.0% during the second quarter. Crewe Advisors LLC now owns 137 shares of the software maker’s stock valued at $28,000 after buying an additional 127 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in shares of SAP during the 1st quarter valued at $29,000.

SAP Stock Up 1.0 %

NYSE SAP opened at $223.60 on Tuesday. SAP SE has a one year low of $126.75 and a one year high of $223.90. The stock has a 50-day moving average of $210.90 and a 200 day moving average of $197.70. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.

SAP (NYSE:SAP) last announced its quarterly earnings results on Monday, July 22nd. The software maker reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.25 billion. SAP had a net margin of 7.74% and a return on equity of 10.98%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. As a group, analysts forecast that SAP SE will post 4.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAP has been the subject of a number of recent research reports. Argus raised shares of SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. JMP Securities boosted their price target on SAP from $220.00 to $245.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 23rd. BMO Capital Markets raised their price objective on SAP from $237.00 to $248.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Barclays boosted their target price on SAP from $217.00 to $251.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Finally, Sanford C. Bernstein initiated coverage on SAP in a report on Thursday, May 23rd. They set an “outperform” rating and a $227.00 price target for the company. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, SAP has an average rating of “Moderate Buy” and a consensus target price of $232.00.

SAP 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.