Sapiens International Co. (NASDAQ:SPNS) Short Interest Update

Sapiens International Co. (NASDAQ:SPNS - Get Free Report) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 254,700 shares, a drop of 16.8% from the November 30th total of 306,000 shares. Based on an average daily volume of 144,200 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.8% of the company's stock are sold short.

Analyst Ratings Changes

SPNS has been the subject of a number of analyst reports. William Blair reaffirmed a "market perform" rating on shares of Sapiens International in a research report on Friday, December 6th. Barclays reduced 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. Needham & Company LLC lowered their price target on Sapiens International from $44.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Finally, StockNews.com cut shares of Sapiens International from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Sapiens International has a consensus rating of "Hold" and an average price target of $36.00.

Sapiens International Stock Performance

NASDAQ:SPNS traded down $0.46 during mid-day trading on Friday, hitting $27.13. 67,924 shares of the company's stock traded hands, compared to its average volume of 135,100. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 21.36 and a beta of 1.15. The firm has a 50 day moving average of $30.79 and a two-hundred day moving average of $34.17. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. Sapiens International has a 12 month low of $26.34 and a 12 month high of $41.22.

Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The business had revenue of $137.00 million for the quarter, compared to analyst estimates of $140.10 million. During the same quarter last year, the firm earned $0.32 earnings per share. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts forecast that Sapiens International will post 1.42 earnings per share for the current fiscal year.

Institutional Trading of Sapiens International

Several hedge funds and other institutional investors have recently bought and sold shares of SPNS. JPMorgan Chase & Co. raised its position in shares of Sapiens International by 22.6% during the third quarter. JPMorgan Chase & Co. now owns 177,878 shares of the technology company's stock valued at $6,630,000 after buying an additional 32,780 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Sapiens International by 451.9% during the third quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company's stock valued at $42,168,000 after purchasing an additional 926,405 shares during the period. Franklin Resources Inc. increased its position in shares of Sapiens International by 7.7% during the third quarter. Franklin Resources Inc. now owns 19,540 shares of the technology company's stock valued at $700,000 after purchasing an additional 1,391 shares during the period. Tidal Investments LLC raised its stake in shares of Sapiens International by 5.1% in the third quarter. Tidal Investments LLC now owns 32,472 shares of the technology company's stock valued at $1,210,000 after purchasing an additional 1,585 shares in the last quarter. Finally, Barclays PLC lifted its position in Sapiens International by 415.1% in the third quarter. Barclays PLC now owns 54,640 shares of the technology company's stock worth $2,036,000 after purchasing an additional 44,033 shares during the period. 30.73% of the stock is currently owned by institutional investors and hedge funds.

About Sapiens International

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.