Sapiens International (NASDAQ:SPNS) Lifted to “Strong-Buy” at StockNews.com

Sapiens International (NASDAQ:SPNS) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

SPNS has been the subject of several other research reports. Needham & Company LLC upped their target price on shares of Sapiens International from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Barclays upped their price objective on shares of Sapiens International from $30.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group raised their price objective on Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd.

Sapiens International Trading Down 1.1 %

Shares of NASDAQ:SPNS traded down $0.38 during midday trading on Wednesday, hitting $35.47. The company had a trading volume of 95,825 shares, compared to its average volume of 132,048. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04. Sapiens International has a 12 month low of $24.39 and a 12 month high of $41.22. The firm has a fifty day simple moving average of $36.64 and a 200 day simple moving average of $33.90. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 30.32 and a beta of 1.25.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Thursday, August 1st. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $136.80 million for the quarter, compared to analysts’ expectations of $137.78 million. Sapiens International had a return on equity of 17.60% and a net margin of 12.92%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 earnings per share. On average, analysts predict that Sapiens International will post 1.42 EPS for the current year.

Hedge Funds Weigh In On Sapiens International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Sapiens International by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,036,915 shares of the technology company’s stock valued at $35,183,000 after purchasing an additional 25,623 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Sapiens International by 9.1% in the 1st quarter. Acadian Asset Management LLC now owns 954,791 shares of the technology company’s stock valued at $30,687,000 after acquiring an additional 79,302 shares in the last quarter. Renaissance Technologies LLC boosted its position in Sapiens International by 14.6% during the 2nd quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company’s stock worth $23,106,000 after acquiring an additional 87,001 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of 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 acquiring an additional 364,695 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Sapiens International during the 2nd quarter worth approximately $16,616,000. 30.73% of the stock is owned by institutional investors and hedge funds.

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.