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

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

A number of research analysts have commented on SPNS shares. Jefferies Financial Group downgraded shares of Sapiens International from a “buy” rating to a “hold” rating and cut their target price for the company from $36.00 to $28.00 in a research report on Monday, February 3rd. Barclays cut their price objective on shares of Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. StockNews.com downgraded shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Sapiens International in a research report on Wednesday, February 19th.

Sapiens International Trading Down 1.5 %

NASDAQ SPNS opened at $27.57 on Friday. 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 has a market capitalization of $1.54 billion, a price-to-earnings ratio of 21.37 and a beta of 1.16. The company’s 50-day simple moving average is $26.73 and its two-hundred day simple moving average is $31.33. Sapiens International has a one year low of $25.01 and a one year high of $41.22.

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 analysts’ expectations of $135.89 million. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. Equities analysts forecast that Sapiens International will post 1.42 EPS for the current fiscal year.

Institutional Trading of Sapiens International

Several large investors have recently bought and sold shares of the stock. Morgan Dempsey Capital Management LLC grew its position in Sapiens International by 8.8% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock worth $178,000 after purchasing an additional 539 shares during the last quarter. Principal Financial Group Inc. grew its position in Sapiens International by 6.5% during the 4th quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company’s stock worth $279,000 after purchasing an additional 633 shares during the last quarter. National Bank of Canada FI purchased a new stake in Sapiens International during the 3rd quarter worth approximately $26,000. Blue Trust Inc. grew its position in Sapiens International by 171.2% during the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock worth $36,000 after purchasing an additional 856 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Sapiens International by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,096 shares of the technology company’s stock worth $1,991,000 after purchasing an additional 874 shares during the last quarter. Hedge funds and other institutional investors own 30.73% of the company’s stock.

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.