Sapiens International (NASDAQ:SPNS) Hits New 1-Year High at $32.33

Sapiens International Co. (NASDAQ:SPNS)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $32.33 and last traded at $32.16, with a volume of 196726 shares changing hands. The stock had previously closed at $31.46.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays boosted their price target on Sapiens International from $28.00 to $30.00 and gave the company an “underweight” rating in a report on Wednesday, February 21st. The Goldman Sachs Group upped their target price on Sapiens International from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

Sapiens International Trading Up 2.2 %

The business has a 50-day simple moving average of $29.36 and a two-hundred day simple moving average of $27.88. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 28.71 and a beta of 1.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.11 and a quick ratio of 2.08.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $130.86 million for the quarter, compared to the consensus estimate of $130.85 million. Sapiens International had a return on equity of 16.92% and a net margin of 12.14%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. Equities analysts forecast that Sapiens International Co. will post 1.37 EPS for the current fiscal year.

Sapiens International Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, April 18th. Stockholders of record on Friday, April 5th will be given a $0.28 dividend. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.26. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 1.7%. Sapiens International’s dividend payout ratio is presently 46.43%.

Hedge Funds Weigh In On Sapiens International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Sapiens International by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 1,385,709 shares of the technology company’s stock valued at $40,102,000 after purchasing an additional 89,877 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Sapiens International by 1.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,135,189 shares of the technology company’s stock worth $27,460,000 after buying an additional 11,813 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Sapiens International by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,006,523 shares of the technology company’s stock worth $29,130,000 after buying an additional 44,685 shares in the last quarter. Acadian Asset Management LLC grew its position in Sapiens International by 284.9% during the third quarter. Acadian Asset Management LLC now owns 785,265 shares of the technology company’s stock worth $22,301,000 after buying an additional 581,272 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Sapiens International by 16.5% during the first quarter. Renaissance Technologies LLC now owns 686,491 shares of the technology company’s stock worth $17,430,000 after buying an additional 96,988 shares in the last quarter. Institutional investors and hedge funds own 30.73% of the company’s stock.

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.