Barclays Lowers Sapiens International (NASDAQ:SPNS) Price Target to $30.00

Sapiens International (NASDAQ:SPNS) had its price objective lowered by Barclays from $38.00 to $30.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Barclays currently has an underweight rating on the technology company’s stock.

A number of other equities research analysts have also weighed in on SPNS. The Goldman Sachs Group raised their price objective on Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC lowered 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. Finally, StockNews.com upgraded Sapiens International from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th.

Sapiens International Price Performance

SPNS stock opened at $28.00 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.16 and a current ratio of 2.18. Sapiens International has a 1 year low of $25.00 and a 1 year high of $41.22. The firm has a market cap of $1.56 billion, a P/E ratio of 22.05 and a beta of 1.25. The stock has a 50-day simple moving average of $35.79 and a 200-day simple moving average of $35.31.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $140.10 million. During the same quarter last year, the business earned $0.32 EPS. Sapiens International’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts predict that Sapiens International will post 1.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SPNS. Harel Insurance Investments & Financial Services Ltd. bought a new position in Sapiens International during the 2nd quarter worth approximately $16,616,000. Janus Henderson Group PLC lifted its holdings in Sapiens International by 155.4% during the 1st quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company’s stock worth $19,276,000 after buying an additional 364,695 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Sapiens International in the 2nd quarter worth approximately $6,915,000. Assenagon Asset Management S.A. bought a new stake in shares of Sapiens International in the 2nd quarter worth approximately $3,339,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Sapiens International by 14.6% in the 2nd quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company’s stock worth $23,106,000 after purchasing an additional 87,001 shares during the last quarter. Institutional investors own 30.73% of the company’s stock.

About Sapiens International

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.