The Manufacturers Life Insurance Company Has $384,000 Stock Holdings in Sapiens International Co. (NASDAQ:SPNS)

The Manufacturers Life Insurance Company boosted its holdings in shares of Sapiens International Co. (NASDAQ:SPNS) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,328 shares of the technology company’s stock after buying an additional 569 shares during the period. The Manufacturers Life Insurance Company’s holdings in Sapiens International were worth $384,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SPNS. Annex Advisory Services LLC raised its holdings in shares of Sapiens International by 6.1% in the first quarter. Annex Advisory Services LLC now owns 34,849 shares of the technology company’s stock valued at $1,121,000 after purchasing an additional 2,011 shares during the last quarter. Financial Management Professionals Inc. bought a new position in Sapiens International during the first quarter valued at about $40,000. Principal Financial Group Inc. grew its position in Sapiens International by 53.2% during the first quarter. Principal Financial Group Inc. now owns 17,444 shares of the technology company’s stock valued at $561,000 after buying an additional 6,061 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Sapiens International by 12.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,441 shares of the technology company’s stock valued at $2,844,000 after buying an additional 9,618 shares during the period. Finally, Foyston Gordon & Payne Inc bought a new position in Sapiens International during the first quarter valued at about $217,000. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Analysts Set New Price Targets

SPNS has been the subject of a number of research reports. StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 26th. Needham & Company LLC increased their target price on shares of Sapiens International from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Barclays increased their target price on shares of Sapiens International from $30.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd.

Sapiens International Trading Up 1.1 %

Shares of Sapiens International stock opened at $36.39 on Thursday. Sapiens International Co. has a 12-month low of $24.39 and a 12-month high of $41.22. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 31.00 and a beta of 1.25. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $35.86 and its 200-day moving average price is $34.67.

Sapiens International (NASDAQ:SPNS) last announced its earnings results on Thursday, August 1st. The technology company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $136.80 million for the quarter, compared to the consensus estimate of $137.78 million. Sapiens International had a net margin of 12.92% and a return on equity of 17.60%. Sapiens International’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. On average, equities analysts expect that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.

Sapiens International Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 28th were paid a $0.29 dividend. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.28. This represents a yield of 1.6%. The ex-dividend date was Wednesday, August 28th. Sapiens International’s dividend payout ratio (DPR) is currently 49.57%.

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.