Barclays Has Lowered Expectations for Sapiens International (NASDAQ:SPNS) Stock Price

Sapiens International (NASDAQ:SPNS - Get Free Report) had its target price cut by analysts at Barclays from $38.00 to $30.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the technology company's stock. Barclays's price objective would indicate a potential upside of 6.72% from the company's previous close.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group increased their target price on shares of Sapiens International from $38.00 to $43.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Needham & Company LLC decreased their price objective on Sapiens International from $44.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, StockNews.com upgraded Sapiens International from a "buy" rating to a "strong-buy" rating in a report on Monday.

Sapiens International Price Performance

Shares of NASDAQ:SPNS traded down $0.99 on Tuesday, hitting $28.11. The company's stock had a trading volume of 446,596 shares, compared to its average volume of 128,627. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.16 and a quick ratio of 2.16. The company has a 50-day simple moving average of $36.34 and a 200 day simple moving average of $35.45. The company has a market capitalization of $1.57 billion, a PE ratio of 23.99 and a beta of 1.25. Sapiens International has a 1 year low of $24.91 and a 1 year high of $41.22.

Institutional Investors Weigh In On Sapiens International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Sapiens International by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,036,915 shares of the technology company's stock valued at $35,183,000 after buying an additional 25,623 shares during the period. Acadian Asset Management LLC increased its position in shares of Sapiens International by 9.1% during the 1st quarter. Acadian Asset Management LLC now owns 954,791 shares of the technology company's stock valued at $30,687,000 after purchasing an additional 79,302 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Sapiens International by 14.6% in the 2nd quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company's stock worth $23,106,000 after purchasing an additional 87,001 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Sapiens International by 155.4% in the first quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company's stock worth $19,276,000 after buying an additional 364,695 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Sapiens International during the second quarter valued at approximately $16,616,000. Institutional investors own 30.73% of the company's stock.

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.