Sapiens International (NASDAQ:SPNS) Given New $38.00 Price Target at Barclays

Sapiens International (NASDAQ:SPNS) had its price objective lifted by Barclays from $30.00 to $38.00 in a research report sent to investors on Friday morning, Benzinga reports. Barclays currently has an underweight rating on the technology company’s stock.

SPNS has been the subject of several other research reports. Needham & Company LLC boosted their price target on shares of Sapiens International from $38.00 to $44.00 and gave the stock a buy rating in a report on Friday. StockNews.com downgraded shares of Sapiens International from a strong-buy rating to a buy rating in a research report on Saturday, July 27th.

Sapiens International Stock Performance

NASDAQ:SPNS opened at $34.30 on Friday. The company’s 50-day moving average price is $35.54 and its 200-day moving average price is $32.35. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.89 billion, a P/E ratio of 29.32 and a beta of 1.22. Sapiens International has a twelve month low of $24.39 and a twelve month high of $41.22.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Thursday, August 1st. The technology company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Sapiens International had a net margin of 12.92% and a return on equity of 17.82%. The company had revenue of $136.80 million for the quarter, compared to the consensus estimate of $137.78 million. During the same period in the previous year, the firm earned $0.31 earnings per share. Sapiens International’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts forecast that Sapiens International will post 1.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Foundry Partners LLC grew its position 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 in the last quarter. Confluence Investment Management LLC bought a new stake in Sapiens International in the first quarter valued at $3,807,000. Acadian Asset Management LLC lifted its stake 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 buying an additional 79,302 shares during the last quarter. Janus Henderson Group PLC lifted its stake 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 buying an additional 364,695 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in Sapiens International in the first quarter valued at $914,000. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

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.