BNP Paribas Financial Markets Reduces Holdings in Sapiens International Co. (NASDAQ:SPNS)

BNP Paribas Financial Markets reduced its stake in Sapiens International Co. (NASDAQ:SPNS) by 43.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,652 shares of the technology company’s stock after selling 12,820 shares during the period. BNP Paribas Financial Markets’ holdings in Sapiens International were worth $621,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new position in Sapiens International in the second quarter valued at $34,000. Financial Management Professionals Inc. boosted its stake 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 worth $72,000 after acquiring an additional 713 shares in the last quarter. Morgan Dempsey Capital Management LLC grew its holdings in shares of Sapiens International by 9.5% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 4,206 shares of the technology company’s stock worth $143,000 after acquiring an additional 365 shares during the period. MQS Management LLC purchased a new position in Sapiens International in the 3rd quarter valued at approximately $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 Stock Down 0.1 %

Shares of Sapiens International stock opened at $28.43 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. Sapiens International Co. has a 12-month low of $26.05 and a 12-month high of $41.22. The firm has a market capitalization of $1.58 billion, a PE ratio of 22.39 and a beta of 1.15. The stock’s fifty day moving average is $32.63 and its 200-day moving average is $34.59.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SPNS shares. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Barclays reduced their target price on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a report on Tuesday, November 12th. William Blair reiterated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. Finally, Needham & Company LLC dropped 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 note on Tuesday, November 12th. One 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 stock. According to data from MarketBeat.com, Sapiens International has an average rating of “Hold” and an average target price of $36.00.

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.