Sapiens International Co. (SPNS) To Go Ex-Dividend on April 7th

Sapiens International Co. (NASDAQ:SPNS) announced a semi-annual dividend on Tuesday, March 25th, NASDAQ Dividends reports. Shareholders of record on Monday, April 7th will be paid a dividend of 0.66 per share by the technology company on Wednesday, April 16th. This represents a yield of 2.2%. The ex-dividend date of this dividend is Monday, April 7th. This is a 200.0% increase from Sapiens International’s previous semi-annual dividend of $0.22.

Sapiens International has raised its dividend payment by an average of 15.5% annually over the last three years. Sapiens International has a payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Sapiens International to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 37.7%.

Sapiens International Trading Down 3.8 %

Shares of Sapiens International stock opened at $25.65 on Friday. 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 has a twelve month low of $25.01 and a twelve month high of $41.22. The firm has a market capitalization of $1.43 billion, a PE ratio of 19.88 and a beta of 1.16. The firm’s 50-day moving average price is $27.26 and its 200 day moving average price is $29.81.

Sapiens International (NASDAQ:SPNS) last released its earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The firm had revenue of $134.31 million during the quarter, compared to analysts’ expectations of $135.89 million. On average, sell-side analysts predict that Sapiens International will post 1.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SPNS shares. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 target price on shares of Sapiens International in a research report on Wednesday, February 19th. 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. Jefferies Financial Group lowered Sapiens International from a “buy” rating to a “hold” rating and dropped their price target for the company from $36.00 to $28.00 in a research report on Monday, February 3rd. Finally, William Blair reiterated a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Sapiens International presently has an average rating of “Hold” and an average price target of $33.50.

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.