Wellington Management Group LLP Has $22.16 Million Holdings in Sapiens International Co. (NASDAQ:SPNS)

Wellington Management Group LLP increased its holdings in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 594,552 shares of the technology company's stock after buying an additional 75,866 shares during the quarter. Wellington Management Group LLP owned 1.07% of Sapiens International worth $22,159,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Sapiens International in the 2nd quarter valued at $16,616,000. Y.D. More Investments Ltd acquired a new position in shares of Sapiens International during the second quarter worth about $6,915,000. Assenagon Asset Management S.A. bought a new position in shares of Sapiens International during the second quarter worth about $3,339,000. Renaissance Technologies LLC raised its position in Sapiens International by 14.6% in the 2nd quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company's stock valued at $23,106,000 after buying an additional 87,001 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its position in Sapiens International by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 138,844 shares of the technology company's stock worth $4,711,000 after acquiring an additional 27,600 shares during the last quarter. 30.73% of the stock is currently owned by institutional investors.

Sapiens International Stock Performance

NASDAQ:SPNS traded up $0.05 during mid-day trading on Friday, hitting $28.48. The stock had a trading volume of 233,432 shares, compared to its average volume of 133,988. Sapiens International Co. has a twelve month low of $26.34 and a twelve month 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 2.18. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 22.43 and a beta of 1.15. The company's 50 day simple moving average is $32.47 and its 200 day simple moving average is $34.55.

Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share 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 period in the previous year, the firm posted $0.32 earnings per share. The firm's revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts forecast that Sapiens International Co. will post 1.42 earnings per share for the current year.

Wall Street Analyst Weigh In

SPNS has been the subject of a number of analyst reports. Barclays decreased their target price on shares of Sapiens International from $38.00 to $30.00 and set an "underweight" rating for the company in a research report on Tuesday, November 12th. StockNews.com downgraded Sapiens International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Needham & Company LLC decreased their price target on Sapiens International from $44.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. Finally, William Blair reiterated a "market perform" rating on shares of Sapiens International in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $36.00.

Sapiens International 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.