Sapiens International (NASDAQ:SPNS) Sets New 1-Year Low - Should You Sell?

Sapiens International Co. (NASDAQ:SPNS - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $25.87 and last traded at $26.14, with a volume of 125640 shares. The stock had previously closed at $26.19.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SPNS shares. William Blair reissued a "market perform" rating on shares of Sapiens International in a research note on Friday, December 6th. Barclays decreased their target price on Sapiens International from $38.00 to $30.00 and set an "underweight" rating for the company in a research report on Tuesday, November 12th. Needham & Company LLC cut their price target on shares of Sapiens International from $44.00 to $35.00 and set a "buy" rating on the stock in a 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 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $36.00.

Sapiens International Stock Performance

The firm's fifty day moving average price is $29.29 and its 200 day moving average price is $33.82. The firm has a market cap of $1.44 billion, a P/E ratio of 20.28 and a beta of 1.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.18.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The company had revenue of $137.00 million during the quarter, compared to analysts' expectations of $140.10 million. Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The company's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 earnings per share. Sell-side analysts expect that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Sapiens International

Institutional investors and hedge funds have recently bought and sold shares of the company. Lord Abbett & CO. LLC grew its stake in Sapiens International by 451.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company's stock worth $42,168,000 after buying an additional 926,405 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of Sapiens International during the second quarter worth about $6,915,000. Renaissance Technologies LLC increased its holdings in shares of Sapiens International by 14.6% during the second 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 in the last quarter. Wellington Management Group LLP increased its holdings in shares of Sapiens International by 14.6% during the third quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company's stock valued at $22,159,000 after acquiring an additional 75,866 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Sapiens International in the 3rd quarter valued at approximately $2,255,000. 30.73% of the stock is 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.