Quantbot Technologies LP Decreases Stake in Sapiens International Co. (NASDAQ:SPNS)

Quantbot Technologies LP lessened its stake in Sapiens International Co. (NASDAQ:SPNS) by 23.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,409 shares of the technology company’s stock after selling 443 shares during the quarter. Quantbot Technologies LP’s holdings in Sapiens International were worth $53,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Summit Securities Group LLC purchased a new position in Sapiens International in the second quarter valued at about $34,000. Financial Management Professionals Inc. raised its holdings 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 last quarter. Morgan Dempsey Capital Management LLC boosted its position 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 worth $143,000 after purchasing an additional 365 shares in the last quarter. MQS Management LLC acquired a new stake in Sapiens International in the third quarter valued at $230,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Sapiens International in the second quarter valued at $232,000. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Sapiens International Price Performance

Sapiens International stock opened at $28.29 on Friday. The firm’s 50-day moving average is $33.28 and its two-hundred day moving average is $34.76. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18. The stock has a market capitalization of $1.58 billion, a P/E ratio of 22.28 and a beta of 1.15. Sapiens International Co. has a 12-month low of $25.59 and a 12-month high of $41.22.

Sapiens International (NASDAQ:SPNS) last released its earnings results on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The firm had revenue of $137.00 million during the quarter, compared to analysts’ expectations of $140.10 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Equities analysts predict that Sapiens International Co. will post 1.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SPNS has been the topic of several recent research reports. Needham & Company LLC decreased their price objective on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. William Blair restated a “market perform” rating on shares of Sapiens International in a research report on Friday. Finally, Barclays lowered their target price on Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Sapiens International presently has an average rating of “Hold” and a consensus price target of $36.00.

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.