Atria Investments Inc Has $377,000 Stake in Sapiens International Co. (NASDAQ:SPNS)

Atria Investments Inc lowered its stake in shares of Sapiens International Co. (NASDAQ:SPNS) by 15.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,119 shares of the technology company’s stock after selling 1,884 shares during the period. Atria Investments Inc’s holdings in Sapiens International were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPNS. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Sapiens International in the second quarter valued at about $16,616,000. Janus Henderson Group PLC increased its position in shares of Sapiens International by 155.4% in the first quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company’s stock valued at $19,276,000 after acquiring an additional 364,695 shares during the period. Y.D. More Investments Ltd purchased a new position in shares of Sapiens International in the second quarter valued at about $6,915,000. Assenagon Asset Management S.A. bought a new stake in shares of Sapiens International during the 2nd quarter valued at about $3,339,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Sapiens International by 14.6% during the 2nd quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company’s stock valued at $23,106,000 after purchasing an additional 87,001 shares in the last quarter. 30.73% of the stock is owned by institutional investors.

Sapiens International Stock Performance

SPNS opened at $27.62 on Friday. The firm has a market cap of $1.54 billion, a P/E ratio of 21.76 and a beta of 1.25. Sapiens International Co. has a 1-year low of $25.30 and a 1-year high of $41.22. The company has a 50 day simple moving average of $35.31 and a two-hundred day simple moving average of $35.27. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The company had revenue of $137.00 million for the quarter, compared to the consensus estimate of $140.10 million. During the same quarter in the prior year, the company posted $0.32 EPS. Sapiens International’s revenue was up 4.8% compared to the same quarter last year. Equities analysts forecast that Sapiens International Co. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SPNS shares. The Goldman Sachs Group boosted their price objective on shares of Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC reduced their target price on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Barclays reduced their target price on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th. Finally, StockNews.com cut shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

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.