Sapiens International Co. (NASDAQ:SPNS) Receives $33.50 Consensus PT from Analysts

Sapiens International Co. (NASDAQ:SPNS - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $33.50.

A number of equities research analysts have commented on SPNS shares. Jefferies Financial Group downgraded Sapiens International from a "buy" rating to a "hold" rating and reduced their target price for the company from $36.00 to $28.00 in a report on Monday, February 3rd. Barclays decreased their price target on shares of Sapiens International from $30.00 to $28.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $35.00 price target on shares of Sapiens International in a report on Wednesday, February 19th.

Hedge Funds Weigh In On Sapiens International

Several institutional investors have recently modified their holdings of the company. Lord Abbett & CO. LLC lifted its position in Sapiens International by 451.9% in the third quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company's stock worth $42,168,000 after purchasing an additional 926,405 shares during the period. Topline Capital Management LLC acquired a new position in shares of Sapiens International during the 4th quarter worth $24,147,000. Royce & Associates LP lifted its holdings in Sapiens International by 65.7% in the 4th quarter. Royce & Associates LP now owns 932,703 shares of the technology company's stock worth $25,062,000 after purchasing an additional 369,947 shares during the last quarter. Rhumbline Advisers lifted its position in Sapiens International by 467.6% during the 1st quarter. Rhumbline Advisers now owns 264,065 shares of the technology company's stock worth $7,154,000 after acquiring an additional 217,540 shares during the last quarter. Finally, Nine Ten Capital Management LLC grew its stake in shares of Sapiens International by 17.0% in the fourth quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company's stock worth $28,866,000 after acquiring an additional 155,880 shares during the last quarter. Institutional investors own 30.73% of the company's stock.

Sapiens International Stock Down 2.1 %

Shares of NASDAQ:SPNS traded down $0.55 on Friday, hitting $25.44. 121,407 shares of the company's stock were exchanged, compared to its average volume of 150,785. The firm's 50-day moving average is $26.95 and its 200 day moving average is $28.79. Sapiens International has a 1-year low of $23.69 and a 1-year high of $41.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.24. The company has a market capitalization of $1.42 billion, a PE ratio of 19.72 and a beta of 1.10.

Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The business had revenue of $134.31 million during the quarter, compared to analyst estimates of $135.89 million. Sell-side analysts predict that Sapiens International will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, April 7th were paid a dividend of $0.66 per share. This is a positive change from Sapiens International's previous semi-annual dividend of $0.22. The ex-dividend date was Monday, April 7th. This represents a yield of 2.2%. Sapiens International's dividend payout ratio is 46.51%.

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.