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

Key Points

• Federated Hermes Inc. has reduced its stake in SAP SE by 8.1%, owning 52,127 shares valued at approximately $13.99 million after selling 4,586 shares.
• Several institutional investors increased their holdings in SAP, with Bartlett & CO. Wealth Management raising its stake by 585.7% in the first quarter.
• Wall Street analysts have mixed views on SAP; while one analyst downgraded the stock to a "hold," BMO Capital Markets raised its price target to $330 and maintained an "outperform" rating.

Federated Hermes Inc. trimmed its stake in SAP SE (NYSE:SAP - Free Report) by 8.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 52,127 shares of the software maker's stock after selling 4,586 shares during the period. Federated Hermes Inc.'s holdings in SAP were worth $13,993,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC grew its holdings in SAP by 585.7% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock worth $26,000 after acquiring an additional 82 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in SAP by 153.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock worth $29,000 after acquiring an additional 66 shares in the last quarter. Founders Capital Management grew its holdings in SAP by 133.9% during the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock worth $35,000 after acquiring an additional 75 shares in the last quarter. Highline Wealth Partners LLC boosted its holdings in shares of SAP by 126.2% in the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after buying an additional 77 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of SAP in the 1st quarter valued at $53,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAP. Argus restated a "buy" rating and issued a $320.00 target price on shares of SAP in a report on Tuesday, April 29th. Jefferies Financial Group restated a "buy" rating on shares of SAP in a report on Friday, May 2nd. BMO Capital Markets upped their target price on shares of SAP from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, May 23rd. Wells Fargo & Company started coverage on shares of SAP in a research note on Tuesday, May 20th. They set an "overweight" rating for the company. Finally, Barclays reiterated an "overweight" rating and set a $322.00 price target (up previously from $308.00) on shares of SAP in a research note on Friday, July 25th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $281.67.

SAP Price Performance

Shares of SAP traded up $1.05 during trading hours on Monday, reaching $284.05. The company had a trading volume of 1,076,964 shares, compared to its average volume of 1,488,907. The firm has a 50 day simple moving average of $298.92 and a 200-day simple moving average of $284.35. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $348.96 billion, a price-to-earnings ratio of 47.03, a PEG ratio of 4.07 and a beta of 1.27. SAP SE has a 12-month low of $194.93 and a 12-month high of $313.28.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The software maker reported $1.70 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm posted $1.10 EPS. The business's revenue was up 8.9% compared to the same quarter last year. Research analysts expect that SAP SE will post 6.55 earnings per share for the current year.

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.