Dimensional Fund Advisors LP Boosts Holdings in Sapiens International Co. (NASDAQ:SPNS)

Dimensional Fund Advisors LP boosted its position in shares of Sapiens International Co. (NASDAQ:SPNS) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,036,915 shares of the technology company’s stock after purchasing an additional 25,623 shares during the quarter. Dimensional Fund Advisors LP owned about 1.88% of Sapiens International worth $35,183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Sapiens International during the second quarter valued at approximately $16,616,000. Janus Henderson Group PLC boosted its stake 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 valued at $19,276,000 after purchasing 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 $6,915,000. Confluence Investment Management LLC purchased a new position in shares of Sapiens International in the first quarter worth $3,807,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Sapiens International during the second quarter valued at $3,339,000. 30.73% of the stock is currently owned by institutional investors.

Sapiens International Trading Down 2.4 %

Sapiens International stock opened at $36.38 on Wednesday. Sapiens International Co. has a 52-week low of $24.39 and a 52-week high of $41.22. The company has a market cap of $2.01 billion, a P/E ratio of 31.09 and a beta of 1.25. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $36.26 and a two-hundred day simple moving average of $34.29.

Sapiens International (NASDAQ:SPNS) last announced its earnings results on Thursday, August 1st. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Sapiens International had a net margin of 12.92% and a return on equity of 17.60%. The company had revenue of $136.80 million during the quarter, compared to analyst estimates of $137.78 million. During the same period in the previous year, the business posted $0.31 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. Analysts predict that Sapiens International Co. will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 28th were issued a $0.29 dividend. This is a boost from Sapiens International’s previous Semi-Annual dividend of $0.28. This represents a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, August 28th. Sapiens International’s dividend payout ratio (DPR) is currently 49.57%.

Analysts Set New Price Targets

SPNS has been the subject of several research analyst reports. Barclays lifted their price objective on Sapiens International from $30.00 to $38.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Needham & Company LLC boosted their price objective on shares of Sapiens International from $38.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised their target price on shares of Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 26th.

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.