UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.30 Million Stock Holdings in Sapiens International Co. (NASDAQ:SPNS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Sapiens International Co. (NASDAQ:SPNS) by 8.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 34,835 shares of the technology company’s stock after selling 3,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.06% of Sapiens International worth $1,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in Sapiens International in the second quarter valued at about $34,000. Financial Management Professionals Inc. grew its position 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 buying an additional 713 shares during the period. Morgan Dempsey Capital Management LLC raised its stake 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 buying an additional 365 shares during the last quarter. MQS Management LLC acquired a new position in Sapiens International in the third quarter valued at approximately $230,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Sapiens International in the second quarter valued at approximately $232,000. Institutional investors own 30.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SPNS shares. Barclays cut their price target on Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 12th. William Blair reiterated a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. Needham & Company LLC lowered their target price 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. Finally, StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $36.00.

Sapiens International Trading Down 1.8 %

NASDAQ:SPNS opened at $28.59 on Wednesday. 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 business’s 50-day simple moving average is $32.33 and its 200-day simple moving average is $34.53. Sapiens International Co. has a fifty-two week low of $26.34 and a fifty-two week high of $41.22. The stock has a market capitalization of $1.60 billion, a PE ratio of 22.51 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 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 company had revenue of $137.00 million during the quarter, compared to analyst estimates of $140.10 million. During the same quarter last year, the company earned $0.32 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts expect that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.

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.