Sapiens International (NASDAQ:SPNS) Lowered to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of Sapiens International (NASDAQ:SPNS) from a buy rating to a hold rating in a research note published on Monday, MarketBeat.com reports. They currently have $28.00 price objective on the technology company’s stock, down from their previous price objective of $36.00.

Several other analysts have also weighed in on SPNS. Barclays dropped their price objective on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th. William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. Needham & Company LLC reduced their price objective on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Finally, StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $34.00.

Sapiens International Stock Performance

Shares of SPNS opened at $27.05 on Monday. The company has a market capitalization of $1.51 billion, a PE ratio of 21.30 and a beta of 1.16. Sapiens International has a one year low of $25.01 and a one year high of $41.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18. The company’s fifty day moving average price is $26.96 and its 200 day moving average price is $32.41.

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

Institutional Investors Weigh In On Sapiens International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new position in shares of Sapiens International in the 2nd quarter valued at about $258,000. The Manufacturers Life Insurance Company boosted its holdings in Sapiens International by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,328 shares of the technology company’s stock valued at $384,000 after purchasing an additional 569 shares during the period. SG Americas Securities LLC bought a new stake in Sapiens International in the 3rd quarter valued at about $584,000. Annex Advisory Services LLC raised its position in shares of Sapiens International by 27.7% in the 3rd quarter. Annex Advisory Services LLC now owns 49,242 shares of the technology company’s stock valued at $1,835,000 after buying an additional 10,681 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Sapiens International by 12.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 112,020 shares of the technology company’s stock valued at $4,162,000 after buying an additional 12,031 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.