Sapiens International (NASDAQ:SPNS) Given “Buy” Rating at Needham & Company LLC

Sapiens International (NASDAQ:SPNS)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a report issued on Wednesday,Benzinga reports. They presently have a $35.00 target price on the technology company’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 26.72% from the stock’s previous close.

A number of other research firms have also weighed in on SPNS. William Blair restated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. Jefferies Financial Group cut Sapiens International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $36.00 to $28.00 in a research note on Monday, February 3rd. StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Barclays dropped their price target on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.50.

Sapiens International Stock Performance

Shares of SPNS stock opened at $27.62 on Wednesday. Sapiens International has a 12 month low of $25.01 and a 12 month high of $41.22. The firm has a market capitalization of $1.54 billion, a PE ratio of 21.75 and a beta of 1.16. The firm has a fifty day simple moving average of $26.78 and a two-hundred day simple moving average of $31.65. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. Analysts forecast that Sapiens International will post 1.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. boosted its holdings 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 worth $4,162,000 after buying an additional 12,031 shares during the last quarter. Financial Management Professionals Inc. raised its position in Sapiens International by 57.9% in the third quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock worth $72,000 after acquiring an additional 713 shares during the period. Aptus Capital Advisors LLC raised its position in Sapiens International by 15.6% in the third quarter. Aptus Capital Advisors LLC now owns 160,540 shares of the technology company’s stock worth $5,983,000 after acquiring an additional 21,696 shares during the period. MQS Management LLC purchased a new position in Sapiens International in the third quarter valued at about $230,000. Finally, Zions Bancorporation N.A. grew its position in shares of Sapiens International by 16.9% during the 3rd quarter. Zions Bancorporation N.A. now owns 58,002 shares of the technology company’s stock valued at $2,162,000 after acquiring an additional 8,404 shares during the period. Institutional investors own 30.73% of the company’s stock.

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.