Jane Street Group LLC Lowers Position in Sapiens International Co. (NASDAQ:SPNS)

Jane Street Group LLC cut its position in shares of Sapiens International Co. (NASDAQ:SPNS) by 42.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,973 shares of the technology company’s stock after selling 40,445 shares during the quarter. Jane Street Group LLC owned about 0.10% of Sapiens International worth $2,049,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPNS. Bank of New York Mellon Corp boosted its holdings in shares of Sapiens International by 17.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 101,356 shares of the technology company’s stock valued at $3,439,000 after buying an additional 15,098 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Sapiens International by 11.2% during the second quarter. Principal Financial Group Inc. now owns 19,392 shares of the technology company’s stock worth $658,000 after acquiring an additional 1,948 shares in the last quarter. Foyston Gordon & Payne Inc grew its holdings in Sapiens International by 8.2% in the second quarter. Foyston Gordon & Payne Inc now owns 7,317 shares of the technology company’s stock worth $248,000 after purchasing an additional 556 shares during the period. Van ECK Associates Corp increased its stake in shares of Sapiens International by 23.6% during the second quarter. Van ECK Associates Corp now owns 12,396 shares of the technology company’s stock valued at $421,000 after purchasing an additional 2,364 shares in the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of Sapiens International by 24.8% during the second quarter. Aptus Capital Advisors LLC now owns 138,844 shares of the technology company’s stock valued at $4,711,000 after purchasing an additional 27,600 shares during the last quarter. 30.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on SPNS. Needham & Company LLC cut their price target on Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Barclays decreased their price target on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, William Blair reiterated a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.00.

Sapiens International Stock Performance

SPNS opened at $27.44 on Wednesday. Sapiens International Co. has a 52-week low of $26.34 and a 52-week high of $41.22. The firm’s 50-day moving average price is $31.33 and its 200-day moving average price is $34.30. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.53 billion, a P/E ratio of 21.61 and a beta of 1.15.

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