State Street Corp Has $20.55 Million Stock Position in Sapiens International Co. (NASDAQ:SPNS)

State Street Corp cut its position in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 8.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 551,438 shares of the technology company's stock after selling 52,182 shares during the period. State Street Corp owned about 0.99% of Sapiens International worth $20,552,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its holdings in Sapiens International by 0.3% during the third quarter. Janus Henderson Group PLC now owns 603,429 shares of the technology company's stock worth $22,490,000 after acquiring an additional 1,679 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Sapiens International during the 3rd quarter valued at about $231,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 purchasing an additional 7,022 shares during the period. FMR LLC increased its stake in Sapiens International by 80.8% during the 3rd quarter. FMR LLC now owns 17,646 shares of the technology company's stock worth $658,000 after purchasing an additional 7,887 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its holdings in Sapiens International by 16.9% during the 3rd quarter. Zions Bancorporation N.A. now owns 58,002 shares of the technology company's stock worth $2,162,000 after buying an additional 8,404 shares during the period. 30.73% of the stock is owned by institutional investors.

Sapiens International Stock Up 0.1 %

Shares of Sapiens International stock traded up $0.02 on Tuesday, reaching $27.44. 44,119 shares of the company were exchanged, compared to its average volume of 135,414. Sapiens International Co. has a one year low of $26.34 and a one year high of $41.22. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $31.33 and a 200 day moving average of $34.30. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 21.61 and a beta of 1.15.

Sapiens International (NASDAQ:SPNS - Get Free Report) last announced its quarterly earnings data 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 net margin of 13.23% and a return on equity of 17.61%. The firm had revenue of $137.00 million during the quarter, compared to the consensus estimate of $140.10 million. During the same period last year, the business earned $0.32 EPS. The business's revenue was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that Sapiens International Co. will post 1.42 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SPNS shares. StockNews.com lowered shares of Sapiens International from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Needham & Company LLC dropped their target price on Sapiens International from $44.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Barclays reduced their price target on Sapiens International from $38.00 to $30.00 and set an "underweight" rating for the company in a research report on Tuesday, November 12th. Finally, William Blair reiterated a "market perform" rating on shares of Sapiens International in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $36.00.

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.