Shares of Sapiens International Co. (NASDAQ:SPNS) have earned an average recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.00.
SPNS has been the subject of a number of recent research reports. William Blair reaffirmed an “outperform” rating on shares of Sapiens International in a research report on Thursday, March 8th. BidaskClub raised Sapiens International from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. Barclays downgraded Sapiens International from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 16th. Finally, Zacks Investment Research downgraded Sapiens International from a “hold” rating to a “sell” rating in a research report on Friday, January 5th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPNS. Kingfisher Capital LLC acquired a new stake in shares of Sapiens International in the 4th quarter valued at approximately $118,000. ARK Investment Management LLC acquired a new stake in shares of Sapiens International in the 4th quarter valued at approximately $213,000. Jane Street Group LLC boosted its holdings in shares of Sapiens International by 58.5% in the 3rd quarter. Jane Street Group LLC now owns 25,690 shares of the technology company’s stock valued at $339,000 after buying an additional 9,485 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sapiens International by 23.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 39,359 shares of the technology company’s stock valued at $520,000 after buying an additional 7,400 shares during the last quarter. Finally, Meitav Dash Investments Ltd. acquired a new stake in shares of Sapiens International in the 4th quarter valued at approximately $554,000. 8.67% of the stock is owned by institutional investors.
NASDAQ:SPNS traded down $0.09 during trading hours on Friday, reaching $8.57. 1,100 shares of the stock were exchanged, compared to its average volume of 39,927. Sapiens International has a twelve month low of $8.01 and a twelve month high of $14.30. The company has a quick ratio of 2.03, a current ratio of 1.88 and a debt-to-equity ratio of 0.39. The company has a market cap of $422.38, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 3.90 and a beta of 1.21.
Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Thursday, March 8th. The technology company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Sapiens International had a return on equity of 6.81% and a net margin of 0.13%. The firm had revenue of $72.40 million during the quarter, compared to the consensus estimate of $72.09 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The business’s revenue was up 26.8% on a year-over-year basis. analysts anticipate that Sapiens International will post 0.44 earnings per share for the current fiscal year.
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About Sapiens International
Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, the United Kingdom, other European countries, Israel, and the Asia Pacific. It offers various solutions for life, pension, and annuity providers, including Sapiens ALIS, Sapiens Closed Books, Life Portraits, LifeApply, and LifeSuite.
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