Sapiens International Co. (NASDAQ:SPNS) Receives $33.50 Consensus Price Target from Brokerages

Sapiens International Co. (NASDAQ:SPNS) has been given an average recommendation of “Hold” by the five research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $33.50.

Several research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $35.00 target price on shares of Sapiens International in a report on Wednesday, February 19th. Jefferies Financial Group cut Sapiens International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $36.00 to $28.00 in a report on Monday, February 3rd. William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. Finally, Barclays lowered their target price on shares of Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI bought a new position in Sapiens International during the third quarter valued at $26,000. Blue Trust Inc. raised its position in shares of 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 buying an additional 856 shares in the last quarter. Quarry LP bought a new position in shares of Sapiens International in the 4th quarter valued at about $37,000. Morgan Dempsey Capital Management LLC grew its position in Sapiens International by 8.8% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock worth $178,000 after acquiring an additional 539 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in Sapiens International by 28.6% during the fourth quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company’s stock worth $218,000 after acquiring an additional 1,801 shares during the last quarter. 30.73% of the stock is owned by hedge funds and other institutional investors.

Sapiens International Trading Up 1.1 %

NASDAQ:SPNS opened at $27.68 on Tuesday. Sapiens International has a one year low of $25.01 and a one year high of $41.22. The business has a fifty day moving average price of $27.14 and a 200-day moving average price of $30.17. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 21.46 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 (NASDAQ:SPNS) last posted 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). The company had revenue of $134.31 million during the quarter, compared to the consensus estimate of $135.89 million. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. Sell-side analysts forecast that Sapiens International will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, April 7th will be issued a dividend of $0.66 per share. This is a boost from Sapiens International’s previous dividend of $0.22. The ex-dividend date is Monday, April 7th. Sapiens International’s dividend payout ratio is 46.51%.

Sapiens International Company 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.