Sapiens International (NASDAQ:SPNS) Sets New 12-Month Low - Here's Why

Sapiens International Co. (NASDAQ:SPNS - Get Free Report)'s share price hit a new 52-week low on Thursday . The company traded as low as $26.32 and last traded at $26.32, with a volume of 57730 shares. The stock had previously closed at $26.87.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. William Blair restated a "market perform" rating on shares of Sapiens International in a report on Friday, December 6th. Barclays lowered their price target on Sapiens International from $38.00 to $30.00 and set an "underweight" rating for the company in a report on Tuesday, November 12th. StockNews.com lowered shares of Sapiens International from a "strong-buy" rating to a "buy" rating in a report on Tuesday, November 19th. Finally, Needham & Company LLC lowered their target price on shares of Sapiens International from $44.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.00.

Sapiens International Trading Down 2.9 %

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 company has a market capitalization of $1.46 billion, a PE ratio of 20.54 and a beta of 1.15. The business has a fifty day moving average price of $29.94 and a 200 day moving average price of $33.97.

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 analysts' consensus estimates of $0.38 by ($0.01). Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The business had revenue of $137.00 million for the quarter, compared to analyst estimates of $140.10 million. During the same period last year, the firm earned $0.32 earnings per share. The company's quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Sapiens International

Several hedge funds have recently modified their holdings of SPNS. Bank of New York Mellon Corp raised its position in shares of Sapiens International by 17.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 101,356 shares of the technology company's stock valued at $3,439,000 after purchasing an additional 15,098 shares in the last quarter. Principal Financial Group Inc. boosted its position in Sapiens International by 11.2% during the 2nd quarter. Principal Financial Group Inc. now owns 19,392 shares of the technology company's stock worth $658,000 after acquiring an additional 1,948 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Sapiens International by 23.6% in the second quarter. Van ECK Associates Corp now owns 12,396 shares of the technology company's stock valued at $421,000 after acquiring an additional 2,364 shares in the last quarter. Foundry Partners LLC boosted its stake in Sapiens International by 5.3% during the second quarter. Foundry Partners LLC now owns 137,142 shares of the technology company's stock valued at $4,653,000 after buying an additional 6,932 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Sapiens International by 8.9% during the second quarter. Los Angeles Capital Management LLC now owns 30,024 shares of the technology company's stock valued at $1,019,000 after purchasing an additional 2,444 shares during the last quarter. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

About Sapiens International

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.