Annex Advisory Services LLC Acquires 23,249 Shares of Sapiens International Co. (NASDAQ:SPNS)

Annex Advisory Services LLC raised its holdings in Sapiens International Co. (NASDAQ:SPNS) by 47.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,491 shares of the technology company’s stock after purchasing an additional 23,249 shares during the period. Annex Advisory Services LLC owned approximately 0.13% of Sapiens International worth $1,948,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. National Bank of Canada FI bought a new stake in Sapiens International during the third quarter worth about $26,000. Financial Management Professionals Inc. boosted its position in shares of Sapiens International by 57.9% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock worth $72,000 after acquiring an additional 713 shares in the last quarter. MQS Management LLC bought a new position in Sapiens International in the third quarter valued at approximately $230,000. HighTower Advisors LLC acquired a new position in Sapiens International during the third quarter valued at approximately $231,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Sapiens International during the second quarter worth $232,000. Institutional investors and hedge funds own 30.73% of the company’s stock.

Sapiens International Stock Performance

Shares of SPNS stock opened at $25.52 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18. Sapiens International Co. has a one year low of $25.01 and a one year high of $41.22. The business’s 50 day simple moving average is $27.30 and its 200 day simple moving average is $33.35. The stock has a market capitalization of $1.43 billion, a PE ratio of 20.09 and a beta of 1.15.

Sapiens International (NASDAQ:SPNS) last released its 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). Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The firm had revenue of $137.00 million during the quarter, compared to analyst estimates of $140.10 million. During the same quarter in the previous year, the firm earned $0.32 EPS. Sapiens International’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, research analysts forecast that Sapiens International Co. will post 1.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Needham & Company LLC lowered their price target on Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. StockNews.com downgraded shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Barclays lowered their price objective on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a research report on Tuesday, November 12th. Finally, William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $36.00.

Sapiens International 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.