Sapiens International (NASDAQ:SPNS) Earns Buy Rating from Needham & Company LLC

Sapiens International (NASDAQ:SPNS - Get Free Report)'s stock had its "buy" rating reissued by analysts at Needham & Company LLC in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $35.00 price objective on the technology company's stock. Needham & Company LLC's price objective would suggest a potential upside of 25.22% from the stock's current price.

A number of other equities research analysts have also recently commented on SPNS. Barclays dropped their price objective on shares of Sapiens International from $38.00 to $30.00 and set an "underweight" rating on the stock in a research note on Tuesday, November 12th. William Blair reaffirmed a "market perform" rating on shares of Sapiens International in a report on Friday, December 6th. Jefferies Financial Group lowered shares of Sapiens International from a "buy" rating to a "hold" rating and lowered their target price for the stock from $36.00 to $28.00 in a research note on Monday, February 3rd. Finally, StockNews.com lowered Sapiens International from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $33.50.

Sapiens International Stock Performance

Shares of SPNS stock traded down $0.81 during mid-day trading on Wednesday, reaching $27.95. The stock had a trading volume of 172,889 shares, compared to its average volume of 191,942. The company has a current ratio of 2.24, a quick 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. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 21.67 and a beta of 1.16. The business's fifty day moving average is $26.77 and its 200-day moving average is $31.51.

Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The business had revenue of $134.31 million during the quarter, compared to analysts' expectations of $135.89 million. On average, research analysts forecast that Sapiens International will post 1.42 earnings per share for the current year.

Hedge Funds Weigh In On Sapiens International

A number of large investors have recently added to or reduced their stakes in SPNS. Lord Abbett & CO. LLC increased its stake in shares of Sapiens International by 451.9% during the third quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company's stock worth $42,168,000 after purchasing an additional 926,405 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Sapiens International by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,077,821 shares of the technology company's stock valued at $28,961,000 after buying an additional 32,126 shares in the last quarter. Nine Ten Capital Management LLC increased its stake in Sapiens International by 17.0% during the 4th quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company's stock worth $28,866,000 after buying an additional 155,880 shares in the last quarter. Royce & Associates LP lifted its position in shares of Sapiens International by 65.7% in the fourth quarter. Royce & Associates LP now owns 932,703 shares of the technology company's stock valued at $25,062,000 after acquiring an additional 369,947 shares in the last quarter. Finally, Topline Capital Management LLC purchased a new position in Sapiens International in the 4th quarter valued at $24,147,000. 30.73% of the stock is currently owned by institutional investors and hedge funds.

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.