Sapiens International Co. (NASDAQ:SPNS) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Sapiens International Co. (NASDAQ:SPNS - Get Free Report) have been assigned a consensus rating of "Hold" from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.50.

SPNS has been the subject of a number of analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $35.00 price target on shares of Sapiens International in a report on Wednesday, February 19th. William Blair reiterated a "market perform" rating on shares of Sapiens International in a research note on Friday, December 6th. Barclays lowered their target price on shares of Sapiens International from $30.00 to $28.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group cut Sapiens International from a "buy" rating to a "hold" rating and decreased their target price for the company from $36.00 to $28.00 in a research note on Monday, February 3rd.

Sapiens International Trading Down 1.5 %

NASDAQ:SPNS traded down $0.41 on Tuesday, reaching $27.27. The stock had a trading volume of 99,398 shares, compared to its average volume of 153,076. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 21.14 and a beta of 1.16. Sapiens International has a 12-month low of $25.01 and a 12-month high of $41.22. 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 firm's fifty day moving average is $27.17 and its two-hundred day moving average is $30.11.

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Sapiens International (NASDAQ:SPNS - Get Free Report) last released its earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The business had revenue of $134.31 million for the quarter, compared to analysts' expectations of $135.89 million. Equities analysts expect that Sapiens International will post 1.42 EPS for the current fiscal year.

Sapiens International Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th will be issued a dividend of $0.66 per share. This is an increase from Sapiens International's previous dividend of $0.22. The ex-dividend date of this dividend is Monday, April 7th. Sapiens International's payout ratio is presently 46.51%.

Institutional Investors Weigh In On Sapiens International

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC raised its position in Sapiens International by 80.8% in the 3rd quarter. FMR LLC now owns 17,646 shares of the technology company's stock valued at $658,000 after purchasing an additional 7,887 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sapiens International by 74.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,463 shares of the technology company's stock valued at $614,000 after buying an additional 7,022 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Sapiens International during the third quarter worth approximately $231,000. Janus Henderson Group PLC boosted its stake in Sapiens International by 0.3% in the third quarter. Janus Henderson Group PLC now owns 603,429 shares of the technology company's stock valued at $22,490,000 after acquiring an additional 1,679 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Sapiens International by 14.6% in the 3rd quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company's stock worth $22,159,000 after purchasing an additional 75,866 shares during the last quarter. Institutional investors and hedge funds own 30.73% of the company's stock.

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.