William Blair Reiterates Market Perform Rating for Sapiens International (NASDAQ:SPNS)

William Blair reaffirmed their market perform rating on shares of Sapiens International (NASDAQ:SPNS - Free Report) in a research note released on Friday morning,RTT News reports.

Several other equities research analysts have also issued reports on SPNS. StockNews.com lowered Sapiens International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Barclays decreased their price objective on shares of Sapiens International from $38.00 to $30.00 and set an "underweight" rating for the company in a report on Tuesday, November 12th. Finally, Needham & Company LLC dropped their target price on shares of Sapiens International from $44.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $36.00.

Sapiens International Stock Up 0.5 %

NASDAQ:SPNS traded up $0.15 on Friday, hitting $28.29. The stock had a trading volume of 115,058 shares, compared to its average volume of 227,864. The company has a market cap of $1.58 billion, a PE ratio of 22.28 and a beta of 1.15. Sapiens International has a 52 week low of $25.59 and a 52 week high of $41.22. The business's fifty day moving average is $33.28 and its 200 day moving average is $34.75. 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 (NASDAQ:SPNS - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $137.00 million during the quarter, compared to the consensus estimate of $140.10 million. Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. Sapiens International's revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. On average, equities research analysts expect that Sapiens International will post 1.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Sapiens International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in Sapiens International by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,036,915 shares of the technology company's stock worth $35,183,000 after buying an additional 25,623 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Sapiens International by 14.6% during the 2nd quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company's stock valued at $23,106,000 after acquiring an additional 87,001 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of 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 purchasing an additional 1,679 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Sapiens International by 14.6% in the third quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company's stock worth $22,159,000 after purchasing an additional 75,866 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Sapiens International in the second quarter valued at approximately $16,616,000. 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.