Shares of Sapiens International Co. (NASDAQ:SPNS) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $15.00.
Several brokerages recently issued reports on SPNS. Barclays lowered Sapiens International from an “overweight” rating to an “equal weight” rating in a research report on Friday. Zacks Investment Research lowered Sapiens International from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Finally, BidaskClub lowered Sapiens International from a “hold” rating to a “sell” rating in a research report on Saturday.
Shares of Sapiens International (NASDAQ:SPNS) traded down $0.41 during trading hours on Friday, reaching $9.16. The company had a trading volume of 107,800 shares, compared to its average volume of 51,963. Sapiens International has a 12 month low of $9.14 and a 12 month high of $15.46. The firm has a market cap of $450.81, a price-to-earnings ratio of 33.93, a P/E/G ratio of 4.41 and a beta of 0.98. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.39.
Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP acquired a new position in shares of Sapiens International in the second quarter valued at about $358,000. Goldman Sachs Group Inc. increased its holdings in shares of Sapiens International by 93.2% in the second quarter. Goldman Sachs Group Inc. now owns 320,428 shares of the technology company’s stock valued at $3,586,000 after purchasing an additional 154,555 shares during the period. BlueCrest Capital Management Ltd acquired a new position in shares of Sapiens International in the second quarter valued at about $178,000. Menora Mivtachim Holdings LTD. acquired a new position in shares of Sapiens International in the third quarter valued at about $402,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Sapiens International by 1.2% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 341,873 shares of the technology company’s stock valued at $4,513,000 after purchasing an additional 3,996 shares during the period. 8.44% of the stock is currently owned by institutional investors.
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About Sapiens International
Sapiens International Corporation N.V. (Sapiens) is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. Its software solutions portfolio consists of Life, Pension, Annuity and Retirement Solutions, including software solutions for the management of a range of products for life, pension, annuity and retirement; Property and Casualty/General Insurance Solutions, including a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts; Sapiens DECISION, which is a business decision management solution, and Technology-Based Solutions, such as Sapiens eMerge.
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