StockNews.com Upgrades Sapiens International (NASDAQ:SPNS) to Strong-Buy

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

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

Sapiens International Stock Down 3.4 %

SPNS opened at $28.11 on Monday. 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 has a 12 month low of $24.91 and a 12 month high of $41.22. The business’s 50-day moving average price is $36.20 and its 200-day moving average price is $35.43. 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 (NASDAQ:SPNS) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $137.00 million during the quarter, compared to analysts’ expectations of $140.10 million. Sapiens International had a return on equity of 17.60% and a net margin of 12.92%. Sapiens International’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. On average, equities analysts expect that Sapiens International will post 1.42 EPS for the current year.

Hedge Funds Weigh In On Sapiens International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Zions Bancorporation N.A. lifted its stake in shares of Sapiens International by 16.9% in the 3rd quarter. Zions Bancorporation N.A. now owns 58,002 shares of the technology company’s stock valued at $2,162,000 after purchasing an additional 8,404 shares during the period. MQS Management LLC bought a new position in Sapiens International in the third quarter worth $230,000. Aptus Capital Advisors LLC lifted its position in Sapiens International by 15.6% during the third quarter. Aptus Capital Advisors LLC now owns 160,540 shares of the technology company’s stock valued at $5,983,000 after buying an additional 21,696 shares during the period. Financial Management Professionals Inc. boosted its holdings in shares of Sapiens International by 57.9% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock valued at $72,000 after buying an additional 713 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Sapiens International by 12.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 112,020 shares of the technology company’s stock worth $4,162,000 after buying an additional 12,031 shares during the period. Hedge funds and other institutional investors own 30.73% of the company’s stock.

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.