Fmr LLC Has $658,000 Stock Holdings in Sapiens International Co. (NASDAQ:SPNS)

Fmr LLC increased its stake in Sapiens International Co. (NASDAQ:SPNS) by 80.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,646 shares of the technology company’s stock after acquiring an additional 7,887 shares during the quarter. Fmr LLC’s holdings in Sapiens International were worth $658,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation N.A. raised its holdings in Sapiens International by 16.9% during the 3rd quarter. Zions Bancorporation N.A. now owns 58,002 shares of the technology company’s stock worth $2,162,000 after purchasing an additional 8,404 shares during the last quarter. MQS Management LLC bought a new position in Sapiens International during the third quarter worth $230,000. Aptus Capital Advisors LLC raised its stake in Sapiens International by 15.6% during the third quarter. Aptus Capital Advisors LLC now owns 160,540 shares of the technology company’s stock worth $5,983,000 after buying an additional 21,696 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in Sapiens International by 57.9% in the third quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock valued at $72,000 after buying an additional 713 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Sapiens International by 12.0% during the third quarter. Assenagon Asset Management S.A. now owns 112,020 shares of the technology company’s stock valued at $4,162,000 after acquiring an additional 12,031 shares during the last quarter. 30.73% of the stock is currently owned by institutional investors.

Sapiens International Stock Performance

Shares of Sapiens International stock opened at $28.59 on Wednesday. The business has a 50-day simple moving average of $32.33 and a 200 day simple moving average of $34.53. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 22.51 and a beta of 1.15. 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 Co. has a one year low of $26.34 and a one year high of $41.22.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The firm 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 firm earned $0.32 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. On average, research analysts anticipate that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SPNS has been the subject of several research analyst reports. Barclays lowered their price objective on Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a research report on Tuesday, November 12th. William Blair reiterated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Needham & Company LLC lowered their price objective on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $36.00.

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.