Aptus Capital Advisors LLC Acquires 21,696 Shares of Sapiens International Co. (NASDAQ:SPNS)

Aptus Capital Advisors LLC raised its stake in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 15.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,540 shares of the technology company's stock after buying an additional 21,696 shares during the period. Aptus Capital Advisors LLC owned approximately 0.29% of Sapiens International worth $5,983,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Sapiens International during the 2nd quarter valued at $16,616,000. Janus Henderson Group PLC raised its holdings in shares of Sapiens International by 155.4% in the 1st quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company's stock worth $19,276,000 after purchasing an additional 364,695 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Sapiens International in the 2nd quarter worth approximately $6,915,000. Assenagon Asset Management S.A. acquired a new stake in Sapiens International during the second quarter valued at approximately $3,339,000. Finally, Renaissance Technologies LLC boosted its holdings in Sapiens International by 14.6% during the second quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company's stock worth $23,106,000 after buying an additional 87,001 shares in the last quarter. 30.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. StockNews.com upgraded Sapiens International from a "buy" rating to a "strong-buy" rating in a research report on Monday. The Goldman Sachs Group upped their target price on Sapiens International from $38.00 to $43.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Barclays dropped their price target on Sapiens International from $38.00 to $30.00 and set an "underweight" rating on the stock in a research note on Tuesday. Finally, Needham & Company LLC reduced 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.

Sapiens International Stock Up 1.5 %

NASDAQ:SPNS traded up $0.42 during trading hours on Wednesday, hitting $28.53. 242,784 shares of the stock traded hands, compared to its average volume of 129,148. The firm has a 50 day moving average price of $36.07 and a 200 day moving average price of $35.38. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 22.46 and a beta of 1.25. Sapiens International Co. has a fifty-two week low of $25.00 and a fifty-two week high of $41.22. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share 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 17.81%. The business had revenue of $137.00 million for the quarter, compared to analyst estimates of $140.10 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The firm's quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts anticipate that Sapiens International Co. will post 1.42 earnings per share for the current year.

Sapiens International Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 28th were issued a dividend of $0.29 per share. This is a boost from Sapiens International's previous Semi-Annual dividend of $0.28. This represents a dividend yield of 1.6%. The ex-dividend date was Wednesday, August 28th. Sapiens International's dividend payout ratio (DPR) is currently 45.67%.

Sapiens International 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.