Barclays PLC Buys 44,033 Shares of Sapiens International Co. (NASDAQ:SPNS)

Barclays PLC raised its holdings in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 415.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,640 shares of the technology company's stock after acquiring an additional 44,033 shares during the period. Barclays PLC owned approximately 0.10% of Sapiens International worth $2,036,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Sapiens International during the 3rd quarter valued at $2,255,000. Zacks Investment Management raised its position in Sapiens International by 42.2% during the third quarter. Zacks Investment Management now owns 17,734 shares of the technology company's stock valued at $661,000 after purchasing an additional 5,259 shares in the last quarter. National Bank of Canada FI bought a new stake in Sapiens International during the third quarter worth about $26,000. Wellington Management Group LLP increased its position in shares of Sapiens International by 14.6% during the 3rd quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company's stock valued at $22,159,000 after purchasing an additional 75,866 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Sapiens International by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 603,429 shares of the technology company's stock valued at $22,490,000 after buying an additional 1,679 shares in the last quarter. Institutional investors own 30.73% of the company's stock.

Wall Street Analyst Weigh In

SPNS has been the subject of a number of recent research reports. William Blair restated a "market perform" rating on shares of Sapiens International in a research report on Friday, December 6th. Barclays cut their price objective on shares of Sapiens International from $38.00 to $30.00 and set an "underweight" 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 report on Tuesday, November 19th. Finally, Needham & Company LLC cut their price target on shares of Sapiens International from $44.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $36.00.

Sapiens International Trading Down 1.7 %

Shares of Sapiens International stock traded down $0.46 on Friday, hitting $27.13. The stock had a trading volume of 67,924 shares, compared to its average volume of 135,100. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. Sapiens International Co. has a one year low of $26.34 and a one year high of $41.22. The stock's 50-day simple moving average is $30.97 and its two-hundred day simple moving average is $34.21. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 21.36 and a beta of 1.15.

Sapiens International (NASDAQ:SPNS - Get Free Report) last announced 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). The firm had revenue of $137.00 million during the quarter, compared to the consensus estimate of $140.10 million. Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. Sapiens International's revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. As a group, sell-side 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.