Sapiens International (NASDAQ:SPNS) Stock Rating Lowered by StockNews.com

Sapiens International (NASDAQ:SPNS) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC lowered their price target on Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Barclays decreased their target price on Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group lifted their price target on Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd.

Sapiens International Stock Down 3.0 %

SPNS opened at $27.15 on Tuesday. The firm has a market cap of $1.51 billion, a P/E ratio of 21.38 and a beta of 1.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.16 and a current ratio of 2.18. The business has a 50 day moving average price of $35.79 and a 200 day moving average price of $35.37. Sapiens International has a twelve month low of $25.08 and a twelve month high of $41.22.

Sapiens International (NASDAQ:SPNS) last released 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). Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The firm had revenue of $137.00 million during the quarter, compared to the consensus estimate of $140.10 million. During the same period in the prior year, the business earned $0.32 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts forecast that Sapiens International will post 1.42 EPS for the current year.

Institutional Trading of Sapiens International

A number of hedge funds have recently modified their holdings of the company. National Bank of Canada FI acquired a new position in shares of Sapiens International in the 3rd quarter valued at $26,000. Summit Securities Group LLC acquired a new position in Sapiens International in the second quarter worth about $34,000. Financial Management Professionals Inc. lifted its stake in Sapiens International by 57.9% during the third quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock worth $72,000 after purchasing an additional 713 shares during the period. Morgan Dempsey Capital Management LLC boosted its holdings in Sapiens International by 9.5% during the second quarter. Morgan Dempsey Capital Management LLC now owns 4,206 shares of the technology company’s stock valued at $143,000 after purchasing an additional 365 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Sapiens International in the 1st quarter valued at approximately $192,000. 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.