Sapiens International (NASDAQ:SPNS) Earns Buy Rating from Needham & Company LLC

Sapiens International (NASDAQ:SPNS)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports. They currently have a $35.00 price target on the technology company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 21.70% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. William Blair restated a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. Jefferies Financial Group cut Sapiens International from a “buy” rating to a “hold” rating and dropped their price target for the company from $36.00 to $28.00 in a research report on Monday, February 3rd. StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Barclays dropped 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Sapiens International presently has an average rating of “Hold” and a consensus target price of $33.50.

Sapiens International Price Performance

Sapiens International stock opened at $28.76 on Wednesday. Sapiens International has a one year low of $25.01 and a one year high of $41.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.18. The business has a fifty day moving average of $26.78 and a two-hundred day moving average of $31.55. The company has a market cap of $1.61 billion, a P/E ratio of 22.29 and a beta of 1.16.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Sapiens International had a net margin of 13.31% and a return on equity of 17.62%. The firm had revenue of $134.31 million during the quarter, compared to analysts’ expectations of $135.89 million. As a group, analysts predict that Sapiens International will post 1.45 earnings per share for the current fiscal year.

Institutional Trading of Sapiens International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI purchased a new stake in Sapiens International in the 3rd quarter valued at about $26,000. Blue Trust Inc. grew its holdings in Sapiens International by 171.2% in the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock valued at $36,000 after buying an additional 856 shares during the period. Quarry LP acquired a new position in shares of Sapiens International in the 4th quarter valued at about $37,000. Financial Management Professionals Inc. lifted its stake in shares of Sapiens International by 57.9% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock valued at $72,000 after purchasing an additional 713 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC lifted its stake in shares of Sapiens International by 8.8% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock valued at $178,000 after purchasing an additional 539 shares in the last quarter. Hedge funds and other 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.