Sapiens International (NASDAQ:SPNS) Hits New 12-Month High at $32.38

Sapiens International Co. (NASDAQ:SPNSGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $32.38 and last traded at $32.30, with a volume of 42514 shares traded. The stock had previously closed at $32.03.

Analyst Ratings Changes

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

View Our Latest Research Report on Sapiens International

Sapiens International Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.11 and a quick ratio of 2.11. The business has a 50-day simple moving average of $29.70 and a 200-day simple moving average of $27.95. The firm has a market capitalization of $1.77 billion, a PE ratio of 28.60 and a beta of 1.16.

Sapiens International (NASDAQ:SPNSGet Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Sapiens International had a return on equity of 16.92% and a net margin of 12.14%. The business had revenue of $130.86 million for the quarter, compared to the consensus estimate of $130.85 million. During the same period in the prior year, the business posted $0.31 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Sapiens International Co. will post 1.37 earnings per share for the current fiscal year.

Sapiens International Increases Dividend

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

Institutional Trading of Sapiens International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its position in Sapiens International by 284.9% during the 3rd quarter. Acadian Asset Management LLC now owns 785,265 shares of the technology company’s stock worth $22,301,000 after acquiring an additional 581,272 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Sapiens International in the 4th quarter valued at about $13,591,000. Millennium Management LLC lifted its holdings in shares of Sapiens International by 501.7% in the 2nd quarter. Millennium Management LLC now owns 302,028 shares of the technology company’s stock valued at $7,306,000 after buying an additional 251,831 shares during the period. Bank of America Corp DE lifted its holdings in shares of Sapiens International by 122.9% in the 4th quarter. Bank of America Corp DE now owns 240,975 shares of the technology company’s stock valued at $4,453,000 after buying an additional 132,885 shares during the period. Finally, Confluence Investment Management LLC purchased a new position in shares of Sapiens International in the 1st quarter valued at about $3,807,000. Institutional investors own 30.73% of the company’s stock.

Sapiens International Company Profile

(Get Free Report)

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.

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