Wellington Management Group LLP Has $17.72 Million Holdings in Sapiens International Co. (NASDAQ:SPNS)

Wellington Management Group LLP grew its position in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 10.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 659,524 shares of the technology company's stock after buying an additional 64,972 shares during the period. Wellington Management Group LLP owned 1.18% of Sapiens International worth $17,721,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SPNS. National Bank of Canada FI acquired a new position in Sapiens International during the 3rd quarter valued at about $26,000. Blue Trust Inc. grew its holdings in Sapiens International by 171.2% during the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock worth $36,000 after acquiring an additional 856 shares during the period. Morgan Dempsey Capital Management LLC lifted its stake in shares of Sapiens International by 8.8% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company's stock valued at $178,000 after purchasing an additional 539 shares during the period. HighTower Advisors LLC boosted its position in shares of Sapiens International by 28.6% in the 4th quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company's stock worth $218,000 after purchasing an additional 1,801 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Sapiens International during the fourth quarter worth $262,000. Institutional investors and hedge funds own 30.73% of the company's stock.

Sapiens International Stock Up 0.2 %

Shares of NASDAQ:SPNS traded up $0.05 during midday trading on Monday, reaching $26.09. The company had a trading volume of 3,196 shares, compared to its average volume of 150,920. The business's 50 day moving average price is $27.05 and its 200 day moving average price is $29.23. Sapiens International Co. has a 1-year low of $23.69 and a 1-year high of $41.22. The company has a quick ratio of 2.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.46 billion, a PE ratio of 20.22 and a beta of 1.10.

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Sapiens International (NASDAQ:SPNS - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $135.89 million. Research analysts forecast that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Sapiens International Increases Dividend

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

Analysts Set New Price Targets

Several research firms have recently issued reports on SPNS. Needham & Company LLC restated a "buy" rating and set a $35.00 target price on shares of Sapiens International in a research report on Wednesday, February 19th. Barclays lowered their target price on shares of Sapiens International from $30.00 to $28.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group cut shares of Sapiens International from a "buy" rating to a "hold" rating and reduced their price target for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $33.50.

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.