Bank of New York Mellon Corp Raises Position in Sapiens International Co. (NASDAQ:SPNS)

Bank of New York Mellon Corp boosted its position in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 100.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,852 shares of the technology company's stock after buying an additional 77,219 shares during the period. Bank of New York Mellon Corp owned approximately 0.28% of Sapiens International worth $4,134,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPNS. National Bank of Canada FI bought a new stake in Sapiens International in the 3rd quarter valued at about $26,000. Blue Trust Inc. increased its position 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 in the last quarter. HighTower Advisors LLC bought a new stake in Sapiens International in the 3rd quarter valued at about $231,000. Y Intercept Hong Kong Ltd bought a new stake in Sapiens International in the 4th quarter valued at about $262,000. Finally, Principal Financial Group Inc. increased its position in Sapiens International by 6.5% in the 4th quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company's stock valued at $279,000 after buying an additional 633 shares in the last quarter. 30.73% of the stock is owned by institutional investors.

Sapiens International Stock Performance

Shares of NASDAQ:SPNS traded down $0.03 during trading on Friday, hitting $27.03. 258,549 shares of the company were exchanged, compared to its average volume of 150,037. The company has a market cap of $1.51 billion, a PE ratio of 20.95 and a beta of 1.16. The stock has a 50 day moving average of $27.00 and a 200 day moving average of $30.38. Sapiens International Co. has a 52-week low of $25.01 and a 52-week high of $41.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.18.

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Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The company had revenue of $134.31 million for the quarter, compared to analysts' expectations of $135.89 million. As a group, equities research analysts predict that Sapiens International Co. will post 1.42 EPS for the current year.

Wall Street Analysts Forecast Growth

SPNS has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and set a $35.00 price objective on shares of Sapiens International in a report on Wednesday, February 19th. Barclays decreased their price objective on Sapiens International from $30.00 to $28.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. Jefferies Financial Group lowered Sapiens International from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $36.00 to $28.00 in a report on Monday, February 3rd. Finally, William Blair reiterated a "market perform" rating on shares of Sapiens International in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Sapiens International currently has a consensus rating of "Hold" and a consensus price target of $33.50.

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.