Y Intercept Hong Kong Ltd acquired a new position in Sapiens International Co. (NASDAQ:SPNS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,755 shares of the technology company's stock, valued at approximately $262,000.
Other institutional investors have also made changes to their positions in the company. National Bank of Canada FI bought a new stake in shares of Sapiens International in the third quarter worth $26,000. Blue Trust Inc. lifted its position in shares of Sapiens International by 171.2% in the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock worth $36,000 after purchasing an additional 856 shares in the last quarter. MQS Management LLC bought a new stake in shares of Sapiens International in the third quarter worth $230,000. HighTower Advisors LLC bought a new stake in shares of Sapiens International in the third quarter worth $231,000. Finally, Principal Financial Group Inc. lifted its position 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 worth $279,000 after purchasing an additional 633 shares in the last quarter. Institutional investors own 30.73% of the company's stock.
Analyst Ratings Changes
Several analysts have issued reports on the stock. William Blair reaffirmed a "market perform" rating on shares of Sapiens International in a research report on Friday, December 6th. Barclays dropped their price target on shares of Sapiens International from $30.00 to $28.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Jefferies Financial Group lowered shares of Sapiens International from a "buy" rating to a "hold" rating and dropped their price target for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. Needham & Company LLC reaffirmed a "buy" rating and set a $35.00 price target on shares of Sapiens International in a research report on Wednesday, February 19th. Finally, StockNews.com lowered shares of Sapiens International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $33.50.
Check Out Our Latest Report on SPNS
Sapiens International Stock Performance
Shares of NASDAQ:SPNS traded up $0.32 on Friday, hitting $28.15. The company had a trading volume of 135,944 shares, compared to its average volume of 200,078. Sapiens International Co. has a 1-year low of $25.01 and a 1-year high of $41.22. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 21.82 and a beta of 1.16. The stock has a 50 day moving average price of $26.75 and a 200 day moving average price of $30.98. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04.
Sapiens International (NASDAQ:SPNS - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The company had revenue of $134.31 million during the quarter, compared to analyst estimates of $135.89 million. Analysts expect that Sapiens International Co. will post 1.42 EPS for the current year.
About Sapiens International
(
Free Report)
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.
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