SAP SE (NYSE:SAP) Stock Position Decreased by Federated Hermes Inc.

Federated Hermes Inc. decreased its holdings in shares of SAP SE (NYSE:SAP) by 16.1% during the fourth quarter, HoldingsChannel.com reports. 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 SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Fisher Asset Management LLC grew its holdings in shares of SAP by 8.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,118,138 shares of the software maker’s stock valued at $1,260,137,000 after buying an additional 403,956 shares in the last quarter. TD Asset Management Inc. grew its holdings in shares of SAP by 125.0% during the fourth quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker’s stock valued at $394,563,000 after buying an additional 890,157 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SAP by 145.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker’s stock valued at $331,523,000 after buying an additional 798,037 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of SAP by 30.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,172,103 shares of the software maker’s stock valued at $288,583,000 after buying an additional 273,417 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new position in shares of SAP during the fourth quarter valued at $290,023,000.

SAP Price Performance

Shares of NYSE:SAP opened at $260.11 on Thursday. SAP SE has a fifty-two week low of $175.08 and a fifty-two week high of $293.70. The business has a 50-day moving average of $273.51 and a two-hundred day moving average of $253.77. The stock has a market capitalization of $319.55 billion, a P/E ratio of 90.63, a P/E/G ratio of 4.71 and a beta of 1.28. 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) last posted its quarterly earnings data on Tuesday, January 28th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate 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 research analysts predict that SAP SE will post 6.55 EPS for the current fiscal year.

SAP Increases Dividend

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

Analysts Set New Price Targets

SAP has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on SAP from $265.00 to $307.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. TD Cowen raised SAP from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $305.00 in a research report on Friday, January 17th. Barclays lifted their price objective on SAP from $283.00 to $286.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. JMP Securities lifted their price objective on SAP from $300.00 to $330.00 and gave the company a “market outperform” rating in a research 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, SAP presently has a consensus rating of “Buy” and an average price target of $248.83.

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.