Barclays Has Lowered Expectations for Sapiens International (NASDAQ:SPNS) Stock Price

Sapiens International (NASDAQ:SPNS - Free Report) had its price objective lowered by Barclays from $30.00 to $28.00 in a research note published on Wednesday morning,Benzinga reports. Barclays currently has an underweight rating on the technology company's stock.

SPNS has been the topic of a number of other research reports. William Blair reaffirmed a "market perform" rating on shares of Sapiens International in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $35.00 price target on shares of Sapiens International in a research note on Wednesday. Jefferies Financial Group lowered shares of Sapiens International from a "buy" rating to a "hold" rating and lowered their price objective for the company from $36.00 to $28.00 in a research report on Monday, February 3rd. Finally, StockNews.com cut shares of Sapiens International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $33.50.

Sapiens International Price Performance

Shares of NASDAQ:SPNS traded down $0.81 during midday trading on Wednesday, reaching $27.95. 172,889 shares of the company were exchanged, compared to its average volume of 191,942. The stock has a market cap of $1.56 billion, a PE ratio of 21.67 and a beta of 1.16. The business's fifty day moving average is $26.77 and its two-hundred day moving average is $31.51. Sapiens International has a one year low of $25.01 and a one year high of $41.22. 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 for the quarter, compared to the consensus estimate of $135.89 million. As a group, analysts predict that Sapiens International will post 1.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPNS. Lord Abbett & CO. LLC boosted its holdings in shares of Sapiens International by 451.9% in the third quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company's stock valued at $42,168,000 after purchasing an additional 926,405 shares during the period. Topline Capital Management LLC purchased a new stake in shares of Sapiens International in the 4th quarter worth $24,147,000. Royce & Associates LP grew its position in shares of Sapiens International by 65.7% during the 4th quarter. Royce & Associates LP now owns 932,703 shares of the technology company's stock worth $25,062,000 after buying an additional 369,947 shares in the last quarter. Nine Ten Capital Management LLC increased its stake in shares of Sapiens International by 17.0% during the fourth quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company's stock valued at $28,866,000 after buying an additional 155,880 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Sapiens International by 100.8% in the fourth quarter. Bank of New York Mellon Corp now owns 153,852 shares of the technology company's stock valued at $4,134,000 after acquiring an additional 77,219 shares in the last quarter. Institutional investors own 30.73% of the company's stock.

About Sapiens International

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.