Sapiens International (NASDAQ:SPNS) Earns “Market Perform” Rating from William Blair

Sapiens International (NASDAQ:SPNS)‘s stock had its “market perform” rating reaffirmed by stock analysts at William Blair in a note issued to investors on Friday,RTT News reports.

Several other brokerages also recently weighed in on SPNS. StockNews.com downgraded shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Barclays dropped 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. Finally, Needham & Company LLC decreased their price objective on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. One equities research 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 has an average rating of “Hold” and a consensus price target of $36.00.

Sapiens International Stock Up 0.5 %

SPNS stock opened at $28.29 on Friday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $33.28 and its 200 day moving average price is $34.76. Sapiens International has a 52 week low of $25.59 and a 52 week high of $41.22. The company has a market cap of $1.58 billion, a P/E ratio of 22.28 and a beta of 1.15.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $137.00 million during the quarter, compared to analyst estimates of $140.10 million. Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. On average, research analysts expect that Sapiens International will post 1.42 earnings per share for the current fiscal year.

Institutional Trading of Sapiens International

A number of hedge funds and other institutional investors have recently made changes to their positions in SPNS. Morgan Dempsey Capital Management LLC lifted its position in shares of 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 during the last quarter. Foyston Gordon & Payne Inc grew its position in shares of Sapiens International by 8.2% in the 2nd quarter. Foyston Gordon & Payne Inc now owns 7,317 shares of the technology company’s stock worth $248,000 after acquiring an additional 556 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Sapiens International by 5.3% during the second quarter. The Manufacturers Life Insurance Company now owns 11,328 shares of the technology company’s stock worth $384,000 after purchasing an additional 569 shares during the last quarter. National Bank of Canada FI acquired a new position in Sapiens International in the third quarter worth $26,000. Finally, Financial Management Professionals Inc. increased 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 valued at $72,000 after purchasing an additional 713 shares during the last quarter. Institutional investors own 30.73% of the company’s stock.

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.