Sapiens International Co. (NASDAQ:SPNS) Given Average Rating of “Hold” by Brokerages

Shares of Sapiens International Co. (NASDAQ:SPNS) have been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $33.50.

A number of equities research analysts have commented on the company. Barclays decreased their price target on Sapiens International from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Sapiens International in a research report on Wednesday, February 19th. Jefferies Financial Group downgraded shares of Sapiens International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. Finally, William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th.

Hedge Funds Weigh In On Sapiens International

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC lifted its stake in Sapiens International by 80.8% during the 3rd quarter. FMR LLC now owns 17,646 shares of the technology company’s stock valued at $658,000 after acquiring an additional 7,887 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Sapiens International by 74.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,463 shares of the technology company’s stock valued at $614,000 after purchasing an additional 7,022 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Sapiens International during the 3rd quarter worth about $231,000. Janus Henderson Group PLC raised its stake 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 buying an additional 1,679 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings 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 valued at $22,159,000 after buying an additional 75,866 shares during the period. Institutional investors and hedge funds own 30.73% of the company’s stock.

Sapiens International Stock Up 1.6 %

Shares of Sapiens International stock opened at $27.46 on Tuesday. Sapiens International has a 52-week low of $25.01 and a 52-week high of $41.22. The firm’s 50 day moving average price is $27.03 and its 200-day moving average price is $30.26. The company has a quick ratio of 2.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.53 billion, a P/E ratio of 21.29 and a beta of 1.16.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results 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). Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. 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.

Sapiens International Company 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.