Bank of New York Mellon Corp Grows Position in Sapiens International Co. (NASDAQ:SPNS)

Bank of New York Mellon Corp raised its position in Sapiens International Co. (NASDAQ:SPNS) by 100.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,852 shares of the technology company’s stock after buying an additional 77,219 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.28% of Sapiens International worth $4,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new position in Sapiens International during the 4th quarter worth $262,000. Principal Financial Group Inc. increased its position in Sapiens International by 6.5% in 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 during the period. Blue Trust Inc. raised its stake in Sapiens International by 171.2% during the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock valued at $36,000 after acquiring an additional 856 shares during the last quarter. Y.D. More Investments Ltd lifted its position in Sapiens International by 13.9% during the 4th quarter. Y.D. More Investments Ltd now owns 234,297 shares of the technology company’s stock worth $6,338,000 after acquiring an additional 28,512 shares during the period. Finally, Annex Advisory Services LLC grew its stake in shares of Sapiens International by 47.2% in the 4th quarter. Annex Advisory Services LLC now owns 72,491 shares of the technology company’s stock valued at $1,948,000 after purchasing an additional 23,249 shares during the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Sapiens International Trading Down 0.6 %

NASDAQ:SPNS opened at $27.75 on Wednesday. The company has a market capitalization of $1.55 billion, a PE ratio of 21.51 and a beta of 1.16. Sapiens International Co. has a 52-week low of $25.01 and a 52-week high of $41.22. The stock has a fifty day simple moving average of $26.90 and a 200-day simple moving average of $30.49. The company has a quick ratio of 2.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results 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 17.42%. The business had revenue of $134.31 million during the quarter, compared to analyst estimates of $135.89 million. On average, equities research 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.