Sapiens International (NASDAQ:SPNS) Given New $30.00 Price Target at Barclays

Sapiens International (NASDAQ:SPNS) had its price target cut by Barclays from $38.00 to $30.00 in a report released on Tuesday,Benzinga reports. They currently have an underweight rating on the technology company’s stock.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group boosted their price objective on Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. StockNews.com upgraded Sapiens International from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, Needham & Company LLC lowered their target price on Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday.

Sapiens International Price Performance

NASDAQ:SPNS opened at $28.56 on Tuesday. Sapiens International has a 12 month low of $25.00 and a 12 month high of $41.22. The stock has a 50 day moving average of $35.93 and a two-hundred day moving average of $35.33. The company has a current ratio of 2.18, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.59 billion, a P/E ratio of 22.49 and a beta of 1.25.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The firm had revenue of $137.00 million for the quarter, compared to analysts’ expectations of $140.10 million. During the same quarter last year, the firm posted $0.32 earnings per share. Sapiens International’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts expect that Sapiens International will post 1.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Foundry Partners LLC lifted its holdings in Sapiens International by 11.2% in the first quarter. Foundry Partners LLC now owns 130,210 shares of the technology company’s stock valued at $4,188,000 after acquiring an additional 13,166 shares during the last quarter. Tidal Investments LLC acquired a new position in Sapiens International in the first quarter valued at approximately $871,000. Acadian Asset Management LLC lifted its holdings in Sapiens International by 9.1% in the first quarter. Acadian Asset Management LLC now owns 954,791 shares of the technology company’s stock valued at $30,687,000 after acquiring an additional 79,302 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Sapiens International by 155.4% in the first quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company’s stock valued at $19,276,000 after acquiring an additional 364,695 shares during the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in Sapiens International in the second quarter valued at approximately $6,915,000. 30.73% of the stock is currently owned by institutional investors and hedge funds.

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.