Cornerstone Investment Partners LLC Increases Stock Position in Sapiens International Co. (NASDAQ:SPNS)

Cornerstone Investment Partners LLC grew its stake in shares of Sapiens International Co. (NASDAQ:SPNS) by 44.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,403 shares of the technology company’s stock after buying an additional 4,770 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Sapiens International were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Lord Abbett & CO. LLC lifted its stake in shares of Sapiens International by 451.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company’s stock worth $42,168,000 after purchasing an additional 926,405 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Sapiens International by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 603,429 shares of the technology company’s stock worth $22,490,000 after purchasing an additional 1,679 shares during the period. Wellington Management Group LLP lifted its stake in shares of 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 shares of Sapiens International by 13.9% in the 4th 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 period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Sapiens International by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 177,878 shares of the technology company’s stock worth $6,630,000 after purchasing an additional 32,780 shares during the period. Institutional investors own 30.73% of the company’s stock.

Analyst Ratings Changes

SPNS has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 price objective on shares of Sapiens International in a research note on Wednesday, February 19th. StockNews.com cut shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. William Blair restated a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. Barclays decreased their target price on shares of Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group cut shares of Sapiens International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $36.00 to $28.00 in a research note on Monday, February 3rd. 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 stock. According to data from MarketBeat.com, Sapiens International currently has a consensus rating of “Hold” and an average target price of $33.50.

Sapiens International Price Performance

NASDAQ SPNS opened at $27.18 on Tuesday. Sapiens International Co. has a 12 month low of $25.01 and a 12 month high of $41.22. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 21.07 and a beta of 1.16. The company’s 50 day moving average is $26.73 and its two-hundred day moving average is $31.21. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $134.31 million for the quarter, compared to the consensus estimate of $135.89 million. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. As a group, research analysts anticipate that Sapiens International Co. will post 1.42 earnings per share for the current year.

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.