Torray Investment Partners LLC Grows Holdings in Sapiens International Co. (NASDAQ:SPNS)

Torray Investment Partners LLC grew its stake in shares of Sapiens International Co. (NASDAQ:SPNS) by 8.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,444 shares of the technology company’s stock after purchasing an additional 3,782 shares during the quarter. Torray Investment Partners LLC owned approximately 0.09% of Sapiens International worth $1,678,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Foundry Partners LLC boosted its position in Sapiens International by 11.2% in the 1st quarter. Foundry Partners LLC now owns 130,210 shares of the technology company’s stock valued at $4,188,000 after buying an additional 13,166 shares during the period. Confluence Investment Management LLC bought a new position in Sapiens International in the first quarter worth approximately $3,807,000. Tidal Investments LLC purchased a new position in Sapiens International during the 1st quarter worth $871,000. Acadian Asset Management LLC raised its position in Sapiens International by 9.1% during the 1st quarter. Acadian Asset Management LLC now owns 954,791 shares of the technology company’s stock valued at $30,687,000 after purchasing an additional 79,302 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Sapiens International by 155.4% in the 1st quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company’s stock worth $19,276,000 after buying an additional 364,695 shares during the period. 30.73% of the stock is currently owned by institutional investors.

Sapiens International Stock Down 1.5 %

SPNS traded down $0.54 on Friday, hitting $34.89. The company had a trading volume of 58,611 shares, compared to its average volume of 89,530. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 29.82 and a beta of 1.25. The stock has a fifty day moving average price of $36.54 and a 200-day moving average price of $33.60. Sapiens International Co. has a 12-month low of $24.39 and a 12-month high of $41.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.16 and a current ratio of 2.16.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $136.80 million during the quarter, compared to analyst estimates of $137.78 million. Sapiens International had a net margin of 12.92% and a return on equity of 17.60%. Sapiens International’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS. Analysts predict that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Sapiens International Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, September 12th. Stockholders of record on Wednesday, August 28th will be issued a dividend of $0.29 per share. This represents a dividend yield of 1.6%. The ex-dividend date is Wednesday, August 28th. This is a positive change from Sapiens International’s previous Semi-Annual dividend of $0.28. Sapiens International’s dividend payout ratio is currently 49.57%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC raised their target price on shares of Sapiens International from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. StockNews.com cut shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 2nd. Finally, Barclays lifted their price objective on shares of Sapiens International from $30.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 2nd.

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.