Sapiens International (NASDAQ:SPNS – Get Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.
Separately, Needham & Company LLC reissued a “buy” rating and issued a $38.00 target price on shares of Sapiens International in a research note on Wednesday, May 8th.
Sapiens International Price Performance
Shares of SPNS traded up $0.22 on Friday, hitting $39.71. The company’s stock had a trading volume of 131,473 shares, compared to its average volume of 192,521. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $2.19 billion, a PE ratio of 33.94 and a beta of 1.22. The company has a 50 day moving average price of $35.17 and a 200 day moving average price of $31.91. Sapiens International has a fifty-two week low of $24.39 and a fifty-two week high of $41.22.
Sapiens International (NASDAQ:SPNS – Get Free Report) last released its earnings results on Wednesday, May 8th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Sapiens International had a return on equity of 17.41% and a net margin of 12.52%. The company had revenue of $134.25 million during the quarter, compared to analysts’ expectations of $133.63 million. On average, research analysts anticipate that Sapiens International will post 1.43 earnings per share for the current fiscal year.
Institutional Trading of Sapiens International
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Foundry Partners LLC lifted its position in Sapiens International by 11.2% during the 1st quarter. Foundry Partners LLC now owns 130,210 shares of the technology company’s stock worth $4,188,000 after buying an additional 13,166 shares in the last quarter. Confluence Investment Management LLC bought a new position in Sapiens International in the first quarter valued at approximately $3,807,000. Acadian Asset Management LLC increased its position in shares of Sapiens International by 9.1% during the 1st quarter. Acadian Asset Management LLC now owns 954,791 shares of the technology company’s stock worth $30,687,000 after purchasing an additional 79,302 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of Sapiens International during the 1st quarter worth approximately $914,000. Finally, Altshuler Shaham Ltd raised its stake in shares of Sapiens International by 585.2% during the 4th quarter. Altshuler Shaham Ltd now owns 113,247 shares of the technology company’s stock worth $3,288,000 after purchasing an additional 96,719 shares in the last quarter. 30.73% of the stock is currently owned by institutional investors and hedge funds.
About Sapiens International
Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.