Sapiens International (NASDAQ:SPNS) Lowered to “Hold” at BidaskClub

BidaskClub lowered shares of Sapiens International (NASDAQ:SPNS) from a buy rating to a hold rating in a research note issued to investors on Tuesday, BidAskClub reports.

SPNS has been the topic of several other reports. ValuEngine raised Sapiens International from a sell rating to a hold rating in a report on Tuesday, March 3rd. Needham & Company LLC restated a buy rating and issued a $28.00 target price on shares of Sapiens International in a research report on Thursday, May 14th. Finally, Zacks Investment Research upgraded Sapiens International from a sell rating to a hold rating in a research report on Wednesday, June 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $22.94.

Sapiens International stock opened at $27.98 on Tuesday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 50.87, a price-to-earnings-growth ratio of 6.76 and a beta of 1.16. Sapiens International has a 52 week low of $13.55 and a 52 week high of $29.73. The business’s 50-day moving average price is $26.07 and its 200 day moving average price is $23.52. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.21.

Sapiens International (NASDAQ:SPNS) last posted its earnings results on Thursday, May 14th. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Sapiens International had a return on equity of 17.81% and a net margin of 8.22%. The firm had revenue of $90.53 million for the quarter, compared to analyst estimates of $87.07 million. Equities analysts expect that Sapiens International will post 0.81 EPS for the current year.

The business also recently disclosed an annual dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, May 26th. This represents a yield of 0.58%. Sapiens International’s payout ratio is 18.67%.

A number of institutional investors have recently made changes to their positions in SPNS. Swiss National Bank lifted its position in Sapiens International by 3.1% during the fourth quarter. Swiss National Bank now owns 47,839 shares of the technology company’s stock worth $1,079,000 after buying an additional 1,424 shares in the last quarter. Sei Investments Co. lifted its position in Sapiens International by 3.2% during the fourth quarter. Sei Investments Co. now owns 14,042 shares of the technology company’s stock worth $323,000 after buying an additional 438 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Sapiens International during the fourth quarter worth approximately $1,141,000. Citigroup Inc. acquired a new stake in Sapiens International during the fourth quarter worth $593,000. Finally, Driehaus Capital Management LLC increased its stake in Sapiens International by 52.8% during the fourth quarter. Driehaus Capital Management LLC now owns 149,011 shares of the technology company’s stock worth $3,427,000 after acquiring an additional 51,507 shares during the last quarter. Hedge funds and other institutional investors own 15.83% of the company’s stock.

About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, Europe, the Asia Pacific, and South Africa. The company offers software platform and solutions for personal, commercial, and specialty lines, as well as reinsurance and workers' compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster.

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