Brokerages Set Sapiens International Co. (NASDAQ:SPNS) PT at $34.00

Shares of Sapiens International Co. (NASDAQ:SPNS) have been given an average recommendation of “Hold” by the five analysts that are presently covering the company, Marketbeat reports. One research 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 1-year target price among brokerages that have issued a report on the stock in the last year is $34.00.

SPNS has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded Sapiens International from a “buy” rating to a “hold” rating and reduced their target price for the company from $36.00 to $28.00 in a report on Monday. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Barclays lowered their target price on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. William Blair reiterated a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. Finally, Needham & Company LLC dropped their price objective on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th.

Hedge Funds Weigh In On Sapiens International

Several institutional investors have recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC boosted its stake in shares of 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 valued at $178,000 after buying an additional 539 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Sapiens International by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,328 shares of the technology company’s stock valued at $384,000 after purchasing an additional 569 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Sapiens International by 6.5% in the fourth quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company’s stock valued at $279,000 after purchasing an additional 633 shares during the period. National Bank of Canada FI acquired a new position in Sapiens International during the third quarter worth about $26,000. Finally, Financial Management Professionals Inc. increased 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 in the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

Sapiens International Stock Performance

Shares of SPNS opened at $27.05 on Monday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 21.30 and a beta of 1.16. Sapiens International has a 52-week low of $25.01 and a 52-week high of $41.22. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $26.96 and a 200 day moving average price of $32.41.

Sapiens International (NASDAQ:SPNS) last posted its earnings results on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The company had revenue of $137.00 million during the quarter, compared to analysts’ expectations of $140.10 million. During the same period last year, the business earned $0.32 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Research analysts predict that Sapiens International will post 1.42 EPS for the current fiscal year.

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.