Sapiens International Co. (NASDAQ:SPNS) Receives Average Rating of “Hold” from Analysts

Shares of Sapiens International Co. (NASDAQ:SPNS) have been given a consensus rating of “Hold” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $33.50.

SPNS has been the topic of a number of recent analyst reports. William Blair reiterated a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. Barclays decreased their price objective on shares of Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Jefferies Financial Group cut shares of Sapiens International from a “buy” rating to a “hold” rating and cut their target price for the stock from $36.00 to $28.00 in a research note on Monday, February 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $35.00 price objective on shares of Sapiens International in a report on Wednesday, February 19th.

Sapiens International Stock Performance

Shares of NASDAQ SPNS opened at $27.46 on Tuesday. Sapiens International has a 1 year low of $25.01 and a 1 year high of $41.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.24. The company’s fifty day moving average price is $27.03 and its 200 day moving average price is $30.26. The company has a market capitalization of $1.53 billion, a PE ratio of 21.29 and a beta of 1.16.

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

Hedge Funds Weigh In On Sapiens International

Several hedge funds and other institutional investors have recently modified their holdings of the business. National Bank of Canada FI acquired a new stake in Sapiens International in the 3rd quarter valued at about $26,000. Blue Trust Inc. grew its position in shares of Sapiens International by 171.2% in the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock valued at $36,000 after purchasing an additional 856 shares in the last quarter. Quarry LP acquired a new stake in shares of Sapiens International in the fourth quarter valued at approximately $37,000. Morgan Dempsey Capital Management LLC lifted its position in Sapiens International by 8.8% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock worth $178,000 after buying an additional 539 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Sapiens International by 28.6% during the fourth quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company’s stock worth $218,000 after buying an additional 1,801 shares during the last quarter. 30.73% of the stock is owned by hedge funds and other institutional investors.

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.