9,755 Shares in Sapiens International Co. (NASDAQ:SPNS) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Sapiens International Co. (NASDAQ:SPNS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 9,755 shares of the technology company’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Sapiens International by 6.5% during the 4th quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company’s stock valued at $279,000 after acquiring an additional 633 shares in the last quarter. Blue Trust Inc. grew its stake in Sapiens International by 171.2% in the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock valued at $36,000 after purchasing an additional 856 shares in the last quarter. Y.D. More Investments Ltd increased its position in Sapiens International by 13.9% in the 4th quarter. Y.D. More Investments Ltd now owns 234,297 shares of the technology company’s stock worth $6,338,000 after purchasing an additional 28,512 shares during the last quarter. Annex Advisory Services LLC raised its stake in shares of Sapiens International by 47.2% during the 4th quarter. Annex Advisory Services LLC now owns 72,491 shares of the technology company’s stock worth $1,948,000 after purchasing an additional 23,249 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Sapiens International by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 177,878 shares of the technology company’s stock valued at $6,630,000 after buying an additional 32,780 shares in the last quarter. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Sapiens International Stock Performance

Shares of SPNS opened at $27.29 on Wednesday. The company has a market capitalization of $1.53 billion, a PE ratio of 21.16 and a beta of 1.16. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.18. Sapiens International Co. has a one year low of $25.01 and a one year high of $41.22. The company’s fifty day moving average price is $26.72 and its 200 day moving average price is $31.14.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The business had revenue of $134.31 million during the quarter, compared to the consensus estimate of $135.89 million. As a group, analysts expect that Sapiens International Co. will post 1.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Needham & Company LLC restated a “buy” rating and set a $35.00 price target on shares of Sapiens International in a report on Wednesday, February 19th. Jefferies Financial Group cut shares of Sapiens International from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $36.00 to $28.00 in a report on Monday, February 3rd. William Blair reissued a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. Finally, Barclays reduced their price target on Sapiens International from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Sapiens International presently has an average rating of “Hold” and a consensus price target of $33.50.

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.