Sapiens International (NASDAQ:SPNS) Upgraded at StockNews.com

StockNews.com upgraded shares of Sapiens International (NASDAQ:SPNS) from a buy rating to a strong-buy rating in a research note issued to investors on Monday.

Several other analysts have also issued reports on the stock. Needham & Company LLC raised their price target on shares of Sapiens International from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. The Goldman Sachs Group raised their price objective on shares of Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Barclays raised their price objective on shares of Sapiens International from $30.00 to $38.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd.

Sapiens International Stock Performance

NASDAQ:SPNS opened at $28.56 on Monday. Sapiens International has a 1 year low of $25.00 and a 1 year high of $41.22. The firm’s fifty day simple moving average is $35.93 and its 200 day simple moving average is $35.33. The company has a current ratio of 2.18, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.59 billion, a PE ratio of 22.49 and a beta of 1.25.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $137.00 million during the quarter, compared to analyst estimates of $140.10 million. Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, sell-side analysts anticipate that Sapiens International will post 1.42 EPS for the current year.

Hedge Funds Weigh In On Sapiens International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. bought a new position in Sapiens International during the 2nd quarter valued at about $16,616,000. Janus Henderson Group PLC lifted its holdings in Sapiens International by 155.4% during the 1st quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company’s stock valued at $19,276,000 after purchasing an additional 364,695 shares during the last quarter. Y.D. More Investments Ltd bought a new position in Sapiens International during the 2nd quarter valued at about $6,915,000. Assenagon Asset Management S.A. bought a new position in Sapiens International during the 2nd quarter valued at about $3,339,000. Finally, Renaissance Technologies LLC lifted its holdings in Sapiens International by 14.6% during the 2nd quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company’s stock valued at $23,106,000 after purchasing an additional 87,001 shares during the last quarter. 30.73% of the stock is owned by institutional investors.

Sapiens International Company Profile

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.