Jane Street Group LLC trimmed its position in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 42.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,973 shares of the technology company's stock after selling 40,445 shares during the quarter. Jane Street Group LLC owned approximately 0.10% of Sapiens International worth $2,049,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Y.D. More Investments Ltd purchased a new stake in Sapiens International in the second quarter valued at approximately $6,915,000. Renaissance Technologies LLC grew its position in Sapiens International by 14.6% in the second quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company's stock worth $23,106,000 after acquiring an additional 87,001 shares in the last quarter. Wellington Management Group LLP increased its stake in Sapiens International by 14.6% in the third quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company's stock valued at $22,159,000 after acquiring an additional 75,866 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in Sapiens International by 24.8% in the second quarter. Aptus Capital Advisors LLC now owns 138,844 shares of the technology company's stock valued at $4,711,000 after acquiring an additional 27,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Sapiens International by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,036,915 shares of the technology company's stock worth $35,183,000 after buying an additional 25,623 shares during the last quarter. 30.73% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
SPNS has been the topic of a number of recent research reports. William Blair reiterated a "market perform" rating on shares of Sapiens International in a research report on Friday, December 6th. Needham & Company LLC decreased their target price on shares of Sapiens International from $44.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. StockNews.com cut Sapiens International from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Finally, Barclays dropped their target price on Sapiens International from $38.00 to $30.00 and set an "underweight" rating for the company in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $36.00.
Get Our Latest Stock Analysis on Sapiens International
Sapiens International Trading Up 0.1 %
NASDAQ SPNS traded up $0.02 during trading on Wednesday, hitting $27.44. The company had a trading volume of 44,119 shares, compared to its average volume of 135,414. Sapiens International Co. has a one year low of $26.34 and a one year high of $41.22. 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 company's fifty day moving average is $31.33 and its 200-day moving average is $34.30. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 21.61 and a beta of 1.15.
Sapiens International (NASDAQ:SPNS - Get Free Report) last released its earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The business had revenue of $137.00 million during the quarter, compared to analysts' expectations of $140.10 million. Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share. On average, sell-side analysts predict that Sapiens International Co. will post 1.42 earnings per share for the current year.
About Sapiens International
(
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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