ExodusPoint Capital Management LP cut its holdings in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 52.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,364 shares of the technology company's stock after selling 31,685 shares during the period. ExodusPoint Capital Management LP owned approximately 0.05% of Sapiens International worth $762,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. National Bank of Canada FI purchased a new position in Sapiens International during the third quarter valued at $26,000. Blue Trust Inc. boosted its holdings in Sapiens International by 171.2% in the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock worth $36,000 after buying an additional 856 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Sapiens International during the 3rd quarter worth approximately $231,000. Morgan Dempsey Capital Management LLC raised its holdings in shares of Sapiens International by 8.8% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company's stock valued at $178,000 after acquiring an additional 539 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Sapiens International in the fourth quarter valued at approximately $262,000. Hedge funds and other institutional investors own 30.73% of the company's stock.
Sapiens International Trading Up 0.4 %
Shares of SPNS traded up $0.11 during mid-day trading on Tuesday, reaching $26.24. The stock had a trading volume of 94,731 shares, compared to its average volume of 151,270. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.18. The business's fifty day moving average is $27.01 and its 200 day moving average is $29.14. Sapiens International Co. has a 52-week low of $23.69 and a 52-week high of $41.22. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 20.34 and a beta of 1.10.
Sapiens International (NASDAQ:SPNS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The firm had revenue of $134.31 million for the quarter, compared to analyst estimates of $135.89 million. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. On average, sell-side analysts predict that Sapiens International Co. will post 1.42 EPS for the current fiscal year.
Sapiens International Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th will be given a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a yield of 2.2%. This is an increase from Sapiens International's previous semi-annual dividend of $0.22. Sapiens International's payout ratio is currently 46.51%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on SPNS shares. Barclays reduced their price objective on Sapiens International from $30.00 to $28.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Needham & Company LLC reissued a "buy" rating and issued a $35.00 price target on shares of Sapiens International in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group downgraded shares of Sapiens International from a "buy" rating to a "hold" rating and cut their price objective for the company from $36.00 to $28.00 in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Sapiens International has a consensus rating of "Hold" and a consensus price target of $33.50.
View Our Latest Stock Analysis on SPNS
Sapiens International Profile
(
Free Report)
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.
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