Quantbot Technologies LP Acquires 9,205 Shares of Sapiens International Co. (NASDAQ:SPNS)

Quantbot Technologies LP increased its position in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 653.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,614 shares of the technology company's stock after purchasing an additional 9,205 shares during the period. Quantbot Technologies LP's holdings in Sapiens International were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SPNS. Franklin Resources Inc. lifted its holdings 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 worth $700,000 after buying an additional 1,391 shares in the last quarter. Barclays PLC grew its position in Sapiens International by 415.1% during the third quarter. Barclays PLC now owns 54,640 shares of the technology company's stock worth $2,036,000 after buying an additional 44,033 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Sapiens International by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 177,878 shares of the technology company's stock worth $6,630,000 after acquiring an additional 32,780 shares during the period. Morgan Dempsey Capital Management LLC raised its holdings in 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 acquiring an additional 539 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of Sapiens International during the 3rd quarter valued at $231,000. 30.73% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

SPNS has been the topic of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $35.00 target price on shares of Sapiens International in a report on Wednesday, February 19th. Barclays dropped their target price 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. Jefferies Financial Group lowered shares of Sapiens International from a "buy" rating to a "hold" rating and decreased their price target for the company from $36.00 to $28.00 in a report on Monday, February 3rd. 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, two have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Sapiens International currently has an average rating of "Hold" and an average price target of $33.50.

Sapiens International Trading Up 0.5 %

NASDAQ:SPNS traded up $0.15 during trading hours on Wednesday, hitting $27.66. 116,667 shares of the company were exchanged, compared to its average volume of 153,227. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 21.44 and a beta of 1.16. Sapiens International Co. has a one year low of $25.01 and a one year high of $41.22. The company has a fifty day simple moving average of $27.27 and a 200 day simple moving average of $29.91. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS - Get Free Report) last released its earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $134.31 million during the quarter, compared to analyst estimates of $135.89 million. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. Sell-side analysts expect 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 given a dividend of $0.66 per share. This is a positive change from Sapiens International's previous semi-annual dividend of $0.22. The ex-dividend date is Monday, April 7th. This represents a dividend yield of 2.2%. Sapiens International's dividend payout ratio is presently 46.51%.

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.