Barclays Issues Pessimistic Forecast for Sapiens International (NASDAQ:SPNS) Stock Price

Sapiens International (NASDAQ:SPNS) had its price target cut by research analysts at Barclays from $30.00 to $28.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “underweight” rating on the technology company’s stock. Barclays‘s price objective would suggest a potential downside of 2.64% from the stock’s previous close.

Several other equities analysts have also weighed in on SPNS. Needham & Company LLC reaffirmed a “buy” rating and set a $35.00 target price on shares of Sapiens International in a report on Wednesday. William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. Jefferies Financial Group lowered shares of Sapiens International from a “buy” rating to a “hold” rating and cut their target price for the company from $36.00 to $28.00 in a report on Monday, February 3rd. 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 analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.50.

Sapiens International Stock Up 1.5 %

SPNS stock opened at $28.76 on Wednesday. The firm has a 50 day moving average of $26.78 and a 200 day moving average of $31.55. The stock has a market capitalization of $1.61 billion, a PE ratio of 22.29 and a beta of 1.16. 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 has a 52 week low of $25.01 and a 52 week high of $41.22.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sapiens International had a net margin of 13.31% and a return on equity of 17.62%. The business had revenue of $134.31 million for the quarter, compared to analyst estimates of $135.89 million. Sell-side analysts forecast that Sapiens International will post 1.45 earnings per share for the current year.

Institutional Investors Weigh In On Sapiens International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new stake in Sapiens International in the 3rd quarter worth $26,000. Blue Trust Inc. grew its holdings in shares of Sapiens International by 171.2% during the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock worth $36,000 after buying an additional 856 shares in the last quarter. Quarry LP purchased a new stake in shares of Sapiens International during the fourth quarter worth $37,000. Financial Management Professionals Inc. grew its holdings in shares of Sapiens International by 57.9% during the third 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 in the last quarter. Finally, Morgan Dempsey Capital Management LLC grew its holdings in shares of Sapiens International by 8.8% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock worth $178,000 after buying an additional 539 shares in the last quarter. Hedge funds and other 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.