SAP SE (NYSE:SAP) Holdings Lowered by Federated Hermes Inc.

Federated Hermes Inc. lessened its stake in shares of SAP SE (NYSE:SAP - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,713 shares of the software maker's stock after selling 10,863 shares during the quarter. Federated Hermes Inc.'s holdings in SAP were worth $13,963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centricity Wealth Management LLC purchased a new stake in SAP in the 4th quarter worth approximately $25,000. Union Bancaire Privee UBP SA acquired a new position in shares of SAP during the 4th quarter valued at about $27,000. Rakuten Securities Inc. grew its holdings in SAP by 2,700.0% in the fourth quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after purchasing an additional 108 shares during the period. Albion Financial Group UT boosted its holdings in shares of SAP by 122.4% in the 4th quarter. Albion Financial Group UT now owns 129 shares of the software maker's stock valued at $32,000 after purchasing an additional 71 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of SAP in the 4th quarter worth $42,000.

SAP Stock Performance

Shares of NYSE:SAP traded up $3.20 during trading on Tuesday, reaching $262.73. 488,705 shares of the company's stock traded hands, compared to its average volume of 972,383. The stock has a market capitalization of $322.76 billion, a P/E ratio of 91.53, a price-to-earnings-growth ratio of 4.71 and a beta of 1.28. SAP SE has a 12 month low of $175.08 and a 12 month high of $293.70. The company has a 50 day moving average of $272.39 and a 200-day moving average of $254.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.12 and a quick ratio of 1.10.

SAP (NYSE:SAP - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by ($0.02). SAP had a return on equity of 12.18% and a net margin of 9.17%. On average, equities analysts expect that SAP SE will post 6.55 EPS for the current year.

SAP Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be given a dividend of $2.5423 per share. The ex-dividend date is Tuesday, May 13th. This is an increase from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. SAP's payout ratio is currently 64.11%.

Wall Street Analyst Weigh In

SAP has been the topic of a number of research reports. Barclays raised their price objective on SAP from $283.00 to $286.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. JMP Securities increased their price target on SAP from $300.00 to $330.00 and gave the company a "market outperform" rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and set a $38.00 price objective on shares of SAP in a research note on Thursday, January 30th. BMO Capital Markets raised their target price on SAP from $265.00 to $307.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, Kepler Capital Markets raised SAP from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $248.83.

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.