17,895 Shares in Sapiens International Co. (NASDAQ:SPNS) Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp bought a new stake in shares of Sapiens International Co. (NASDAQ:SPNS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,895 shares of the technology company’s stock, valued at approximately $607,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Foundry Partners LLC raised its position in shares of Sapiens International by 11.2% in the first quarter. Foundry Partners LLC now owns 130,210 shares of the technology company’s stock worth $4,188,000 after buying an additional 13,166 shares in the last quarter. Confluence Investment Management LLC bought a new stake in shares of Sapiens International during the 1st quarter valued at about $3,807,000. Tidal Investments LLC bought a new position in shares of Sapiens International in the first quarter worth approximately $871,000. Acadian Asset Management LLC increased its position in shares of Sapiens International by 9.1% in the first quarter. Acadian Asset Management LLC now owns 954,791 shares of the technology company’s stock worth $30,687,000 after purchasing an additional 79,302 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Sapiens International by 155.4% during the first 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. 30.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on SPNS shares. StockNews.com cut shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 26th. The Goldman Sachs Group increased their target price 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 lifted their price target on Sapiens International from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Barclays increased their price objective on Sapiens International from $30.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd.

Sapiens International Price Performance

Shares of NASDAQ:SPNS opened at $36.46 on Friday. The company’s fifty day moving average is $35.98 and its 200 day moving average is $34.43. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.04. Sapiens International Co. has a 52 week low of $24.39 and a 52 week high of $41.22. The stock has a market cap of $2.01 billion, a PE ratio of 31.16 and a beta of 1.25.

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

Sapiens International Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 28th were issued a dividend of $0.29 per share. This is a positive change from Sapiens International’s previous Semi-Annual dividend of $0.28. This represents a yield of 1.6%. The ex-dividend date was Wednesday, August 28th. Sapiens International’s dividend payout ratio is currently 49.57%.

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.