Y.D. More Investments Ltd Has $6.34 Million Stock Position in Sapiens International Co. (NASDAQ:SPNS)

Y.D. More Investments Ltd increased its holdings in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 234,297 shares of the technology company's stock after purchasing an additional 28,512 shares during the quarter. Y.D. More Investments Ltd owned 0.42% of Sapiens International worth $6,338,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in Sapiens International by 171.2% during the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock worth $36,000 after purchasing an additional 856 shares during the period. Annex Advisory Services LLC boosted its position in shares of Sapiens International by 47.2% in the fourth quarter. Annex Advisory Services LLC now owns 72,491 shares of the technology company's stock worth $1,948,000 after buying an additional 23,249 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Sapiens International by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 177,878 shares of the technology company's stock valued at $6,630,000 after buying an additional 32,780 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of 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 valued at $42,168,000 after buying an additional 926,405 shares during the period. Finally, Franklin Resources Inc. lifted its position in Sapiens International by 7.7% during the 3rd quarter. Franklin Resources Inc. now owns 19,540 shares of the technology company's stock worth $700,000 after acquiring an additional 1,391 shares in the last quarter. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Sapiens International Stock Performance

Shares of Sapiens International stock traded down $0.51 during trading hours on Friday, reaching $26.95. The company's stock had a trading volume of 143,786 shares, compared to its average volume of 253,687. 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 Co. has a one year low of $25.01 and a one year high of $41.22. The company's 50 day simple moving average is $26.96 and its 200 day simple moving average is $32.28. The stock has a market cap of $1.51 billion, a P/E ratio of 21.22 and a beta of 1.16.

Sapiens International (NASDAQ:SPNS - Get Free Report) last issued 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). The company had revenue of $137.00 million during the quarter, compared to analyst estimates of $140.10 million. Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The business's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. As a group, analysts expect that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SPNS shares. StockNews.com lowered shares of Sapiens International from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Barclays lowered their target price on Sapiens International from $38.00 to $30.00 and set an "underweight" rating for the company in a research note on Tuesday, November 12th. William Blair reissued a "market perform" rating on shares of Sapiens International in a report on Friday, December 6th. Needham & Company LLC decreased their price target on shares of Sapiens International from $44.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. 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 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 company. According to MarketBeat.com, Sapiens International currently has a consensus rating of "Hold" and a consensus target price of $34.00.

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.