Sapiens International Co. (NASDAQ:SPNS) Plans Dividend Increase - $0.66 Per Share

Sapiens International Co. (NASDAQ:SPNS - Get Free Report) declared a semi-annual dividend on Tuesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Monday, April 7th will be paid a dividend of 0.66 per share by the technology company on Wednesday, April 16th. This represents a dividend yield of 2.2%. The ex-dividend date is Monday, April 7th. This is a 200.0% increase from Sapiens International's previous semi-annual dividend of $0.22.

Sapiens International has increased its dividend payment by an average of 15.5% per year over the last three years. Sapiens International has a dividend payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sapiens International to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 36.5%.

Sapiens International Price Performance

NASDAQ:SPNS traded down $0.18 during trading hours on Monday, reaching $27.09. 210,072 shares of the company were exchanged, compared to its average volume of 153,303. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.51 billion, a PE ratio of 21.00 and a beta of 1.16. Sapiens International has a twelve month low of $25.01 and a twelve month high of $41.22. The stock's 50-day moving average is $27.20 and its 200-day moving average is $29.98.

Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share 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 company had revenue of $134.31 million during the quarter, compared to analysts' expectations of $135.89 million. On average, sell-side analysts anticipate that Sapiens International will post 1.42 earnings per share for the current fiscal year.

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Analysts Set New Price Targets

Several brokerages have issued reports on SPNS. Needham & Company LLC reaffirmed a "buy" rating and set a $35.00 target price on shares of Sapiens International in a research note on Wednesday, February 19th. William Blair reaffirmed a "market perform" rating on shares of Sapiens International in a research note on Friday, December 6th. Barclays cut their price objective on shares of Sapiens International from $30.00 to $28.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. Finally, Jefferies Financial Group lowered Sapiens International from a "buy" rating to a "hold" rating and dropped their price target for the company from $36.00 to $28.00 in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Sapiens International currently has an average rating of "Hold" and an average price target of $33.50.

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.