Sapiens International Co. (NASDAQ:SPNS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its holdings in Sapiens International Co. (NASDAQ:SPNS) by 0.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 408,948 shares of the technology company’s stock after selling 1,151 shares during the period. Geode Capital Management LLC owned approximately 0.73% of Sapiens International worth $15,241,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new position in shares of Sapiens International in the 2nd quarter valued at about $6,915,000. Renaissance Technologies LLC increased its position in Sapiens International by 14.6% in the 2nd quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company’s stock valued at $23,106,000 after acquiring an additional 87,001 shares during the period. Wellington Management Group LLP raised its stake in Sapiens International by 14.6% during the 3rd quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company’s stock valued at $22,159,000 after acquiring an additional 75,866 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Sapiens International during the 3rd quarter worth approximately $2,255,000. Finally, Barclays PLC grew its holdings in Sapiens International by 415.1% during the third quarter. Barclays PLC now owns 54,640 shares of the technology company’s stock worth $2,036,000 after acquiring an additional 44,033 shares during the period. 30.73% of the stock is owned by hedge funds and other institutional investors.

Sapiens International Stock Down 1.7 %

SPNS stock opened at $27.13 on Monday. The company has a market capitalization of $1.52 billion, a P/E ratio of 21.36 and a beta of 1.15. The firm has a 50 day simple moving average of $30.79 and a 200-day simple moving average of $34.17. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. Sapiens International Co. has a twelve month low of $26.34 and a twelve month high of $41.22.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 earnings per share (EPS) 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 firm had revenue of $137.00 million for the quarter, compared to analyst estimates of $140.10 million. During the same quarter in the previous year, the company earned $0.32 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays dropped their price target on Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a research report on Tuesday, November 12th. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Needham & Company LLC reduced their target price on Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Finally, William Blair reiterated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. 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 MarketBeat, Sapiens International presently has a consensus rating of “Hold” and a consensus price target of $36.00.

Sapiens International 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.