Sapiens International Co. (NASDAQ:SPNS - Get Free Report) shot up 4.2% during mid-day trading on Monday . The stock traded as high as $37.91 and last traded at $37.90. 52,657 shares changed hands during trading, a decline of 58% from the average session volume of 125,947 shares. The stock had previously closed at $36.37.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on SPNS. Barclays increased their target price on shares of Sapiens International from $30.00 to $38.00 and gave the company an "underweight" rating in a report on Friday, August 2nd. The Goldman Sachs Group increased their target price on shares of Sapiens International from $38.00 to $43.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Needham & Company LLC increased their target price on shares of Sapiens International from $38.00 to $44.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Finally, StockNews.com cut shares of Sapiens International from a "strong-buy" rating to a "buy" rating in a report on Thursday, September 26th.
Read Our Latest Analysis on SPNS
Sapiens International Stock Up 3.9 %
The firm's 50-day moving average price is $36.00 and its 200 day moving average price is $34.81. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 30.97 and a beta of 1.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.16 and a quick ratio of 2.16.
Sapiens International (NASDAQ:SPNS - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $136.80 million for the quarter, compared to analyst estimates of $137.78 million. Sapiens International had a net margin of 12.92% and a return on equity of 17.60%. The company's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 earnings per share. Sell-side analysts expect that Sapiens International Co. will post 1.42 EPS for the current year.
Sapiens International Increases Dividend
The company also recently announced a Semi-Annual dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 28th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, August 28th. This represents a yield of 1.6%. This is a positive change from Sapiens International's previous Semi-Annual dividend of $0.28. Sapiens International's dividend payout ratio (DPR) is 47.54%.
Institutional Trading of Sapiens International
A number of hedge funds have recently bought and sold shares of SPNS. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Sapiens International during the second quarter worth approximately $16,616,000. Janus Henderson Group PLC boosted its position in Sapiens International by 155.4% during the first quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company's stock worth $19,276,000 after acquiring an additional 364,695 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in Sapiens International during the second quarter worth approximately $6,915,000. Assenagon Asset Management S.A. acquired a new stake in Sapiens International during the second quarter worth approximately $3,339,000. Finally, Renaissance Technologies LLC boosted its position in Sapiens International by 14.6% during 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 during the last quarter. Institutional investors and hedge funds own 30.73% of the company's stock.
About Sapiens International
(
Get 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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