Sapiens International Co. (NASDAQ:SPNS) Declares Semi-annual Dividend of $0.66

Sapiens International Co. (NASDAQ:SPNS) declared a semi-annual dividend on Tuesday, March 25th, NASDAQ Dividends reports. Investors of record on Monday, April 7th will be given a dividend of 0.66 per share by the technology company on Wednesday, April 16th. This represents a yield of 2.2%. The ex-dividend date is Monday, April 7th. This is a 200.0% increase from Sapiens International’s previous semi-annual dividend of $0.22.

Sapiens International has raised its dividend payment by an average of 15.5% annually over the last three years. Sapiens International has a payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sapiens International to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 37.7%.

Sapiens International Stock Performance

NASDAQ SPNS opened at $25.65 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.18. The company has a market cap of $1.43 billion, a P/E ratio of 19.88 and a beta of 1.16. The stock has a 50-day moving average of $27.26 and a two-hundred day moving average of $29.81. Sapiens International has a 1-year low of $25.01 and a 1-year high of $41.22.

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 the consensus estimate of $0.37 by ($0.01). Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The company had revenue of $134.31 million during the quarter, compared to analyst estimates of $135.89 million. As a group, analysts anticipate that Sapiens International will post 1.42 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on SPNS. Jefferies Financial Group lowered 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. Barclays cut their price target on Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. William Blair reissued a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $35.00 target price on shares of Sapiens International in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sapiens International presently has a consensus rating of “Hold” and an average target price of $33.50.

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.