Sapiens International (NASDAQ:SPNS) Given New $28.00 Price Target at Barclays

Sapiens International (NASDAQ:SPNS) had its target price reduced by Barclays from $30.00 to $28.00 in a report published on Wednesday morning,Benzinga reports. They currently have an underweight rating on the technology company’s stock.

A number of other brokerages also recently weighed in on SPNS. StockNews.com downgraded shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. William Blair restated a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. Jefferies Financial Group cut shares of Sapiens International from a “buy” rating to a “hold” rating and dropped their target price for the company from $36.00 to $28.00 in a report on Monday, February 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $35.00 price target on shares of Sapiens International in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.50.

Sapiens International Price Performance

Shares of NASDAQ SPNS opened at $28.34 on Wednesday. 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 business has a 50-day moving average of $26.77 and a 200-day moving average of $31.57. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 22.32 and a beta of 1.16. Sapiens International has a fifty-two week low of $25.01 and a fifty-two week high of $41.22.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $134.31 million during the quarter, compared to the consensus estimate of $135.89 million. Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. As a group, sell-side analysts predict that Sapiens International will post 1.42 earnings per share for the current fiscal year.

Institutional Trading of Sapiens International

Several hedge funds and other institutional investors have recently modified their holdings of SPNS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Sapiens International by 8.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,851 shares of the technology company’s stock valued at $1,017,000 after acquiring an additional 3,016 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Sapiens International in the fourth quarter valued at approximately $310,000. Two Sigma Investments LP increased its stake in shares of Sapiens International by 34.8% during the fourth quarter. Two Sigma Investments LP now owns 10,046 shares of the technology company’s stock worth $270,000 after purchasing an additional 2,594 shares during the period. Point72 Asset Management L.P. acquired a new stake in Sapiens International during the 4th quarter worth approximately $296,000. Finally, ProShare Advisors LLC boosted its stake in Sapiens International by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 8,668 shares of the technology company’s stock valued at $233,000 after purchasing an additional 2,851 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.