Needham & Company LLC Has Lowered Expectations for Sapiens International (NASDAQ:SPNS) Stock Price

Sapiens International (NASDAQ:SPNS) had its target price reduced by analysts at Needham & Company LLC from $44.00 to $35.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 22.68% from the stock’s current price.

A number of other equities analysts have also weighed in on SPNS. Barclays upped their price target 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. The Goldman Sachs Group upped their price target 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. Finally, StockNews.com upgraded shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a research report on Monday.

Sapiens International Stock Performance

SPNS opened at $28.53 on Tuesday. 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 has a market cap of $1.59 billion, a price-to-earnings ratio of 22.46 and a beta of 1.25. The company’s 50 day moving average is $36.07 and its 200 day moving average is $35.38. Sapiens International has a 12-month low of $25.00 and a 12-month high of $41.22.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $137.00 million during the quarter, compared to analysts’ expectations of $140.10 million. Sapiens International had a return on equity of 17.81% and a net margin of 13.23%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. On average, equities research analysts predict that Sapiens International will post 1.42 EPS for the current year.

Hedge Funds Weigh In On Sapiens International

A number of hedge funds and other institutional investors have recently modified their holdings of SPNS. Sei Investments Co. boosted its position in shares of Sapiens International by 8.5% during the first quarter. Sei Investments Co. now owns 134,486 shares of the technology company’s stock worth $4,325,000 after acquiring an additional 10,523 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Sapiens International by 1.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 74,258 shares of the technology company’s stock worth $2,388,000 after acquiring an additional 1,361 shares during the last quarter. Foundry Partners LLC boosted its position in shares of Sapiens International by 11.2% during the first quarter. Foundry Partners LLC now owns 130,210 shares of the technology company’s stock worth $4,188,000 after acquiring an additional 13,166 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Sapiens International by 9.1% during the first quarter. Acadian Asset Management LLC now owns 954,791 shares of the technology company’s stock worth $30,687,000 after acquiring an additional 79,302 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its position in shares of Sapiens International by 8.5% during the first quarter. Hillsdale Investment Management Inc. now owns 153,400 shares of the technology company’s stock worth $4,933,000 after acquiring an additional 12,000 shares during the last quarter. Institutional investors own 30.73% of the company’s stock.

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.