Zions Bancorporation N.A. Purchases 9,828 Shares of Sapiens International Co. (NASDAQ:SPNS)

Zions Bancorporation N.A. raised its stake in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 16.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,830 shares of the technology company's stock after buying an additional 9,828 shares during the period. Zions Bancorporation N.A. owned about 0.12% of Sapiens International worth $1,823,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. raised its stake in Sapiens International by 7.7% during the third quarter. Franklin Resources Inc. now owns 19,540 shares of the technology company's stock worth $700,000 after buying an additional 1,391 shares during the last quarter. Barclays PLC raised its position in shares of Sapiens International by 415.1% in the 3rd quarter. Barclays PLC now owns 54,640 shares of the technology company's stock worth $2,036,000 after acquiring an additional 44,033 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 valued at $6,630,000 after purchasing an additional 32,780 shares in the last quarter. Morgan Dempsey Capital Management LLC increased its holdings in Sapiens International by 8.8% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company's stock worth $178,000 after purchasing an additional 539 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in Sapiens International in the third quarter valued at approximately $231,000. Institutional investors and hedge funds own 30.73% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SPNS shares. Jefferies Financial Group lowered shares of Sapiens International from a "buy" rating to a "hold" rating and lowered their price objective for the company from $36.00 to $28.00 in a research note on Monday, February 3rd. Barclays dropped 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 restated a "buy" rating and issued a $35.00 target price on shares of Sapiens International in a research note on Wednesday, February 19th. Finally, William Blair reaffirmed a "market perform" rating on shares of Sapiens International in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Sapiens International presently has an average rating of "Hold" and a consensus target price of $33.50.

Sapiens International Stock Down 1.5 %

Shares of NASDAQ:SPNS traded down $0.41 during mid-day trading on Friday, hitting $27.27. 99,398 shares of the company traded hands, compared to its average volume of 153,076. The stock has a market cap of $1.52 billion, a P/E ratio of 21.14 and a beta of 1.16. The stock has a 50-day moving average price of $27.17 and a two-hundred day moving average price of $30.08. Sapiens International Co. has a 12-month low of $25.01 and a 12-month high of $41.22. 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 (NASDAQ:SPNS - Get Free Report) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The firm had revenue of $134.31 million during the quarter, compared to the consensus estimate of $135.89 million. On average, equities research analysts forecast that Sapiens International Co. will post 1.42 earnings per share for the current year.

Sapiens International Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, April 7th will be given a dividend of $0.66 per share. The ex-dividend date is Monday, April 7th. This is a positive change from Sapiens International's previous dividend of $0.22. Sapiens International's dividend payout ratio is presently 46.51%.

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.