Sapiens International Co. (NASDAQ:SPNS) Given Consensus Recommendation of “Hold” by Analysts

Sapiens International Co. (NASDAQ:SPNS) has earned an average recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $33.50.

A number of brokerages have issued reports on SPNS. StockNews.com downgraded shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Barclays dropped their target price on shares of Sapiens International from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. William Blair reissued a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. Jefferies Financial Group cut shares of Sapiens International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $36.00 to $28.00 in a report on Monday, February 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $35.00 target price on shares of Sapiens International in a report on Wednesday, February 19th.

Sapiens International Trading Down 0.5 %

Shares of Sapiens International stock opened at $27.83 on Friday. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 21.57 and a beta of 1.16. The company has a quick ratio of 2.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.04. Sapiens International has a 12-month low of $25.01 and a 12-month high of $41.22. The firm’s 50-day moving average price is $26.73 and its two-hundred day moving average price is $31.06.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $134.31 million for the quarter, compared to analyst estimates of $135.89 million. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. On average, analysts forecast that Sapiens International will post 1.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SPNS. Lord Abbett & CO. LLC raised its holdings in Sapiens International by 451.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company’s stock valued at $42,168,000 after buying an additional 926,405 shares during the last quarter. Topline Capital Management LLC bought a new position in Sapiens International in the 4th quarter valued at approximately $24,147,000. Royce & Associates LP raised its holdings in Sapiens International by 65.7% in the 4th quarter. Royce & Associates LP now owns 932,703 shares of the technology company’s stock valued at $25,062,000 after buying an additional 369,947 shares during the last quarter. Nine Ten Capital Management LLC raised its holdings in Sapiens International by 17.0% in the 4th quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company’s stock valued at $28,866,000 after buying an additional 155,880 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Sapiens International by 100.8% in the 4th quarter. Bank of New York Mellon Corp now owns 153,852 shares of the technology company’s stock valued at $4,134,000 after buying an additional 77,219 shares during the last quarter. Institutional investors own 30.73% of the company’s stock.

Sapiens International Company Profile

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.