Sapiens International Co. (NASDAQ:SPNS) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its position in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 114,002 shares of the technology company's stock after selling 10,639 shares during the period. Sei Investments Co. owned approximately 0.20% of Sapiens International worth $3,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPNS. FMR LLC lifted its position in Sapiens International by 80.8% in the third quarter. FMR LLC now owns 17,646 shares of the technology company's stock valued at $658,000 after purchasing an additional 7,887 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Sapiens International by 74.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,463 shares of the technology company's stock valued at $614,000 after buying an additional 7,022 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Sapiens International in the 3rd quarter valued at approximately $231,000. Janus Henderson Group PLC grew its holdings in Sapiens International by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 603,429 shares of the technology company's stock valued at $22,490,000 after buying an additional 1,679 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Sapiens International by 14.6% during the third quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company's stock worth $22,159,000 after buying an additional 75,866 shares in the last quarter. Hedge funds and other institutional investors own 30.73% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on SPNS. Barclays reduced their price objective on Sapiens International from $30.00 to $28.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Jefferies Financial Group cut shares of Sapiens International from a "buy" rating to a "hold" rating and decreased their price target for the stock from $36.00 to $28.00 in a research note on Monday, February 3rd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $35.00 price target on shares of Sapiens International in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Sapiens International currently has an average rating of "Hold" and a consensus target price of $33.50.

Sapiens International Trading Down 2.4 %

Sapiens International stock traded down $0.60 during trading on Tuesday, hitting $23.92. The company's stock had a trading volume of 226,631 shares, compared to its average volume of 151,601. The stock's fifty day moving average is $27.11 and its 200 day moving average is $29.52. Sapiens International Co. has a 1-year low of $23.69 and a 1-year high of $41.22. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 18.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.24.

Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The company had revenue of $134.31 million for the quarter, compared to analyst estimates of $135.89 million. As a group, equities research analysts predict that Sapiens International Co. will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th will be issued a $0.66 dividend. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, April 7th. This is a positive change from Sapiens International's previous semi-annual dividend of $0.22. Sapiens International's dividend payout ratio (DPR) is 46.51%.

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.