Sapiens International (NASDAQ:SPNS) Issues Quarterly Earnings Results

Sapiens International (NASDAQ:SPNS) released its earnings results on Monday. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01), Briefing.com reports. Sapiens International had a return on equity of 17.60% and a net margin of 12.92%. The firm had revenue of $137.00 million for the quarter, compared to the consensus estimate of $140.10 million. During the same period in the prior year, the business earned $0.32 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Sapiens International updated its FY 2024 guidance to EPS.

Sapiens International Price Performance

SPNS stock traded down $0.99 during trading hours on Tuesday, hitting $28.11. 446,596 shares of the stock traded hands, compared to its average volume of 128,627. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $36.20 and a 200 day simple moving average of $35.43. Sapiens International has a one year low of $24.91 and a one year high of $41.22. The company has a market cap of $1.57 billion, a P/E ratio of 23.04 and a beta of 1.25.

Sapiens International Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, August 28th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This is a boost from Sapiens International’s previous Semi-Annual dividend of $0.28. This represents a dividend yield of 1.6%. Sapiens International’s dividend payout ratio (DPR) is 47.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. 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. Needham & Company LLC decreased 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. StockNews.com raised Sapiens International from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, The Goldman Sachs Group increased their price objective on Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, August 2nd.

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.