Sapiens International (NASDAQ:SPNS) Sees Unusually-High Trading Volume – Should You Buy?

Sapiens International Co. (NASDAQ:SPNS) shares saw unusually-strong trading volume on Wednesday . Approximately 348,303 shares traded hands during mid-day trading, an increase of 58% from the previous session’s volume of 220,127 shares.The stock last traded at $26.11 and had previously closed at $25.69.

Analyst Ratings Changes

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

Sapiens International Price Performance

The firm’s fifty day simple moving average is $27.18 and its 200-day simple moving average is $33.22. The firm has a market capitalization of $1.48 billion, a PE ratio of 20.84 and a beta of 1.15. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04.

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

Hedge Funds Weigh In On Sapiens International

Several institutional investors have recently bought and sold shares of SPNS. The Manufacturers Life Insurance Company lifted its holdings in Sapiens International by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,328 shares of the technology company’s stock valued at $384,000 after buying an additional 569 shares in the last quarter. National Bank of Canada FI acquired a new stake in Sapiens International during the 3rd quarter valued at approximately $26,000. Financial Management Professionals Inc. lifted its stake 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 period. Blue Trust Inc. lifted its stake in shares of Sapiens International by 171.2% in the 4th 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 during the period. Finally, XTX Topco Ltd lifted its holdings in Sapiens International by 13.5% during the second quarter. XTX Topco Ltd now owns 8,881 shares of the technology company’s stock valued at $301,000 after purchasing an additional 1,053 shares in the last quarter. 30.73% of the stock is owned by hedge funds and other institutional investors.

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.