Seizert Capital Partners LLC increased its stake in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 47.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 189,365 shares of the technology company's stock after buying an additional 61,200 shares during the quarter. Seizert Capital Partners LLC owned about 0.34% of Sapiens International worth $5,088,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC boosted its holdings in Sapiens International by 451.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company's stock valued at $42,168,000 after purchasing an additional 926,405 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Sapiens International by 0.3% in the third quarter. Janus Henderson Group PLC now owns 603,429 shares of the technology company's stock valued at $22,490,000 after acquiring an additional 1,679 shares during the period. Wellington Management Group LLP boosted its position in shares of Sapiens International by 14.6% during the 3rd quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company's stock worth $22,159,000 after purchasing an additional 75,866 shares in the last quarter. Y.D. More Investments Ltd boosted its position in shares of Sapiens International by 13.9% during the 4th quarter. Y.D. More Investments Ltd now owns 234,297 shares of the technology company's stock worth $6,338,000 after purchasing an additional 28,512 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Sapiens International by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 177,878 shares of the technology company's stock worth $6,630,000 after purchasing an additional 32,780 shares during the period. Institutional investors and hedge funds own 30.73% of the company's stock.
Sapiens International Price Performance
Shares of SPNS traded up $0.32 during trading hours on Friday, reaching $28.15. 135,944 shares of the company traded hands, compared to its average volume of 200,078. The stock has a fifty day simple moving average of $26.75 and a 200 day simple moving average of $30.98. Sapiens International Co. has a fifty-two week low of $25.01 and a fifty-two week high of $41.22. The stock has a market capitalization of $1.57 billion, a PE ratio of 21.82 and a beta of 1.16. The company has a quick ratio of 2.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.04.
Sapiens International (NASDAQ:SPNS - Get Free Report) last announced its earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The firm had revenue of $134.31 million for the quarter, compared to analyst estimates of $135.89 million. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. As a group, research analysts predict that Sapiens International Co. will post 1.42 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Barclays decreased their price objective on shares of Sapiens International from $30.00 to $28.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. Needham & Company LLC reissued a "buy" rating and set a $35.00 price target on shares of Sapiens International in a research note on Wednesday, February 19th. William Blair reiterated a "market perform" rating on shares of Sapiens International in a research report on Friday, December 6th. StockNews.com cut Sapiens International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group lowered shares of Sapiens International from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $33.50.
Read Our Latest Analysis on SPNS
About Sapiens International
(
Free Report)
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.
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