StockNews.com Downgrades Sapiens International (NASDAQ:SPNS) to Buy

StockNews.com cut shares of Sapiens International (NASDAQ:SPNS - Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday.

SPNS has been the subject of several other reports. The Goldman Sachs Group raised 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. Barclays cut their price objective 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. Finally, Needham & Company LLC lowered their target price on Sapiens International from $44.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th.

Sapiens International Price Performance

Shares of SPNS traded up $0.05 during mid-day trading on Tuesday, hitting $27.20. The company's stock had a trading volume of 240,983 shares, compared to its average volume of 130,490. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. Sapiens International has a 1-year low of $25.08 and a 1-year high of $41.22. The firm has a market capitalization of $1.52 billion, a P/E ratio of 21.42 and a beta of 1.25. The firm has a 50-day simple moving average of $35.48 and a 200 day simple moving average of $35.32.

Sapiens International (NASDAQ:SPNS - Get Free Report) last released its earnings results on Monday, November 11th. The technology company reported $0.37 EPS 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 during the quarter, compared to analyst estimates of $140.10 million. During the same period last year, the business posted $0.32 EPS. Sapiens International's revenue was up 4.8% compared to the same quarter last year. Analysts predict that Sapiens International will post 1.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Sapiens International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Sapiens International during the second quarter worth about $16,616,000. Janus Henderson Group PLC lifted its holdings in shares of Sapiens International by 155.4% during the 1st quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company's stock worth $19,276,000 after acquiring an additional 364,695 shares during the period. Y.D. More Investments Ltd acquired a new stake in shares of Sapiens International in the second quarter worth approximately $6,915,000. Assenagon Asset Management S.A. purchased a new stake in Sapiens International in the second quarter valued at approximately $3,339,000. Finally, Renaissance Technologies LLC increased its position in Sapiens International by 14.6% during the second 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 last quarter. 30.73% of the stock is currently 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.