Sapiens International (NASDAQ:SPNS) Hits New 52-Week Low – What’s Next?

Shares of Sapiens International Co. (NASDAQ:SPNS) hit a new 52-week low on Thursday . The company traded as low as $26.32 and last traded at $26.32, with a volume of 57730 shares trading hands. The stock had previously closed at $26.87.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SPNS. StockNews.com cut shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Barclays dropped their target price on Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. William Blair reiterated a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. Finally, Needham & Company LLC cut their price objective on Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.00.

Sapiens International Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18. The business has a 50 day simple moving average of $29.74 and a 200 day simple moving average of $33.92. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 20.69 and a beta of 1.15.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The business had revenue of $137.00 million during the quarter, compared to analysts’ expectations of $140.10 million. During the same period in the previous year, the business posted $0.32 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI acquired a new stake in Sapiens International during the 3rd quarter worth $26,000. Financial Management Professionals Inc. lifted its holdings in shares of Sapiens International by 57.9% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock valued at $72,000 after purchasing an additional 713 shares during the last quarter. Morgan Dempsey Capital Management LLC boosted its position in shares of Sapiens International by 9.5% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 4,206 shares of the technology company’s stock valued at $143,000 after purchasing an additional 365 shares during the period. MQS Management LLC purchased a new position in Sapiens International during the 3rd quarter worth approximately $230,000. Finally, HighTower Advisors LLC acquired a new position in Sapiens International during the third quarter worth approximately $231,000. 30.73% of the stock is owned by institutional investors and hedge funds.

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.