Sapiens International Co. (NASDAQ:SPNS) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 40.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,509 shares of the technology company's stock after selling 45,511 shares during the quarter. Assenagon Asset Management S.A. owned 0.12% of Sapiens International worth $1,801,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SPNS. National Bank of Canada FI bought a new stake in shares of Sapiens International in the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. raised its stake 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 worth $72,000 after buying an additional 713 shares in the last quarter. MQS Management LLC purchased a new stake in Sapiens International during the third quarter worth $230,000. HighTower Advisors LLC bought a new stake in Sapiens International during the 3rd quarter valued at $231,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Sapiens International during the 2nd quarter valued at $232,000. 30.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPNS has been the subject of a number of analyst reports. Needham & Company LLC decreased their price objective on Sapiens International from $44.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. StockNews.com lowered shares of Sapiens International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Barclays cut their price objective 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. Finally, William Blair reissued a "market perform" rating on shares of Sapiens International in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $36.00.

Sapiens International Stock Down 0.3 %

Shares of SPNS stock traded down $0.08 during trading hours on Friday, reaching $26.35. 187,509 shares of the company's stock were exchanged, compared to its average volume of 239,427. The stock has a market cap of $1.47 billion, a PE ratio of 20.75 and a beta of 1.15. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The stock's fifty day moving average price is $27.07 and its two-hundred day moving average price is $33.06. Sapiens International Co. has a 1 year low of $25.01 and a 1 year high of $41.22.

Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share (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 for the quarter, compared to analyst estimates of $140.10 million. During the same quarter in the previous year, the company posted $0.32 EPS. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts predict that Sapiens International Co. will post 1.42 EPS for the current year.

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.