Federated Hermes Inc. lowered its stake in SAP SE (NYSE:SAP – Free Report) by 18.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,070 shares of the software maker’s stock after selling 7,886 shares during the quarter. Federated Hermes Inc.’s holdings in SAP were worth $4,312,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SAP. Capital International Investors boosted its stake in shares of SAP by 58.2% during the 1st quarter. Capital International Investors now owns 4,700,206 shares of the software maker’s stock worth $524,270,000 after acquiring an additional 1,729,492 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of SAP by 230.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,389,447 shares of the software maker’s stock valued at $154,173,000 after buying an additional 969,505 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of SAP by 43.0% during the 4th quarter. Clearbridge Investments LLC now owns 1,831,492 shares of the software maker’s stock valued at $188,992,000 after buying an additional 550,825 shares in the last quarter. Jane Street Group LLC increased its holdings in SAP by 7,585.8% in the 4th quarter. Jane Street Group LLC now owns 362,234 shares of the software maker’s stock valued at $37,379,000 after acquiring an additional 357,521 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in SAP by 8,723.8% in the 2nd quarter. Millennium Management LLC now owns 264,980 shares of the software maker’s stock valued at $24,039,000 after acquiring an additional 261,977 shares during the last quarter. Hedge funds and other institutional investors own 4.95% of the company’s stock.
SAP Price Performance
SAP stock opened at $139.00 on Tuesday. SAP SE has a 12 month low of $78.22 and a 12 month high of $145.10. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $135.72 and a 200 day moving average price of $128.79. The stock has a market cap of $163.96 billion, a PE ratio of 30.28, a P/E/G ratio of 2.28 and a beta of 1.18.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Barclays reduced their price target on shares of SAP from $146.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, July 21st. TheStreet downgraded shares of SAP from a “b” rating to a “c+” rating in a report on Tuesday, April 25th. Citigroup upgraded shares of SAP from a “neutral” rating to a “buy” rating in a report on Tuesday, April 25th. StockNews.com assumed coverage on shares of SAP in a report on Thursday, May 18th. They issued a “strong-buy” rating on the stock. Finally, Oppenheimer restated a “market perform” rating on shares of SAP in a report on Friday, July 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.50.
Check Out Our Latest Analysis on SAP
SAP Profile
SAP SE, together with its subsidiaries, provides enterprise application software products worldwide. The company operates through Applications, Technology & Services; Qualtrics; Business Network; and Sustainability segments. It offers SAP S/4HANA that offers 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; spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.
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