Sapiens International Co. (NASDAQ:SPNS – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 353,700 shares, an increase of 36.7% from the June 30th total of 258,800 shares. Based on an average trading volume of 144,900 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.2% of the shares of the company are sold short.
Sapiens International Stock Performance
Shares of SPNS stock traded up $0.22 during trading hours on Friday, reaching $39.71. 131,473 shares of the company traded hands, compared to its average volume of 192,521. The firm has a 50-day moving average price of $35.17 and a 200 day moving average price of $31.97. The company has a market cap of $2.19 billion, a P/E ratio of 33.94 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.84 and a quick ratio of 1.84. Sapiens International has a 12-month low of $24.39 and a 12-month high of $41.22.
Sapiens International (NASDAQ:SPNS – Get Free Report) last released its earnings results on Wednesday, May 8th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $134.25 million for the quarter, compared to analysts’ expectations of $133.63 million. Sapiens International had a net margin of 12.52% and a return on equity of 17.41%. As a group, sell-side analysts predict that Sapiens International will post 1.43 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several research firms have recently weighed in on SPNS. Needham & Company LLC reissued a “buy” rating and set a $38.00 price objective on shares of Sapiens International in a report on Wednesday, May 8th. StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Saturday.
Get Our Latest Analysis on SPNS
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.
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