Sapiens International (NASDAQ:SPNS) Downgraded to Hold Rating by Jefferies Financial Group

Jefferies Financial Group lowered shares of Sapiens International (NASDAQ:SPNS - Free Report) from a buy rating to a hold rating in a report issued on Monday, Marketbeat reports. They currently have $28.00 price objective on the technology company's stock, down from their previous price objective of $36.00.

SPNS has been the subject of a number of other research reports. William Blair reiterated a "market perform" rating on shares of Sapiens International in a report on Friday, December 6th. Needham & Company LLC decreased their price target on shares of Sapiens International from $44.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. Barclays lowered their price target 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. Finally, StockNews.com lowered shares of Sapiens International from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Sapiens International currently has a consensus rating of "Hold" and an average price target of $34.00.

Sapiens International Trading Up 1.5 %

Shares of NASDAQ:SPNS traded up $0.41 on Monday, hitting $27.46. The company had a trading volume of 261,635 shares, compared to its average volume of 234,306. The firm's 50-day simple moving average is $26.97 and its two-hundred day simple moving average is $32.37. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 21.62 and a beta of 1.16. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. Sapiens International has a 1 year low of $25.01 and a 1 year high of $41.22.

Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The company had revenue of $137.00 million during the quarter, compared to analysts' expectations of $140.10 million. During the same quarter last year, the business earned $0.32 earnings per share. The business's quarterly revenue was up 4.8% on a year-over-year basis. Equities analysts anticipate that Sapiens International will post 1.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPNS. Seizert Capital Partners LLC raised its holdings in Sapiens International by 47.8% in the 4th quarter. Seizert Capital Partners LLC now owns 189,365 shares of the technology company's stock worth $5,088,000 after acquiring an additional 61,200 shares during the last quarter. Cornerstone Investment Partners LLC raised its stake in shares of Sapiens International by 44.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 15,403 shares of the technology company's stock worth $414,000 after purchasing an additional 4,770 shares during the last quarter. Torray Investment Partners LLC lifted its holdings in shares of Sapiens International by 2.4% during the fourth quarter. Torray Investment Partners LLC now owns 50,669 shares of the technology company's stock valued at $1,361,000 after purchasing an additional 1,206 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Sapiens International by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,096 shares of the technology company's stock valued at $1,991,000 after buying an additional 874 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC increased 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 worth $178,000 after buying an additional 539 shares in the last quarter. 30.73% of the stock is owned by hedge funds and other institutional investors.

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.