Sapiens International Co. (NASDAQ:SPNS) Receives Consensus Rating of “Hold” from Analysts

Shares of Sapiens International Co. (NASDAQ:SPNS) have been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $34.00.

A number of research firms have recently commented on SPNS. William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Barclays reduced 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 note on Tuesday, November 12th. Jefferies Financial Group cut shares of Sapiens International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $36.00 to $28.00 in a research note on Monday. Finally, Needham & Company LLC reduced their price target on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th.

Institutional Trading of Sapiens International

Hedge funds have recently made changes to their positions in the stock. Lord Abbett & CO. LLC grew its position in Sapiens International by 451.9% during the third quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company’s stock valued at $42,168,000 after acquiring an additional 926,405 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Sapiens International by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 603,429 shares of the technology company’s stock valued at $22,490,000 after purchasing an additional 1,679 shares during the last quarter. Wellington Management Group LLP raised its position in Sapiens International by 14.6% in the 3rd quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company’s stock worth $22,159,000 after purchasing an additional 75,866 shares during the period. Y.D. More Investments Ltd lifted its stake in Sapiens International by 13.9% in the fourth quarter. Y.D. More Investments Ltd now owns 234,297 shares of the technology company’s stock worth $6,338,000 after purchasing an additional 28,512 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Sapiens International by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 177,878 shares of the technology company’s stock valued at $6,630,000 after buying an additional 32,780 shares during the period. 30.73% of the stock is owned by institutional investors.

Sapiens International Trading Up 2.9 %

Shares of SPNS opened at $27.36 on Monday. Sapiens International has a fifty-two week low of $25.01 and a fifty-two week high of $41.22. The business has a 50-day moving average of $27.00 and a 200 day moving average of $32.63. The firm has a market cap of $1.53 billion, a P/E ratio of 21.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.18.

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

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.