Sapiens International Corp. (SPNS) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “SAPIENS INTL NV is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Serving as consultants and advisors, Sapiens works with companies to analyze their current systems and develop a blueprint for aligning technology with business goals. The company focuses on delivering innovative solutions that allow companies to build on existing IT assets. “
Several other research firms have also commented on SPNS. Barclays PLC increased their price objective on shares of Sapiens International Corp. from $14.00 to $15.00 and gave the company an overweight rating in a research report on Friday, August 5th. Roth Capital reissued a sell rating on shares of Sapiens International Corp. in a research note on Sunday, July 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Sapiens International Corp. has a consensus rating of Hold and an average price target of $13.50.
Sapiens International Corp. (NASDAQ:SPNS) traded down 0.93% during trading on Thursday, hitting $12.76. 3,810 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $13.43 and a 200 day moving average price of $12.50. The company has a market cap of $624.58 million, a price-to-earnings ratio of 29.88 and a beta of 0.82. Sapiens International Corp. has a 52-week low of $8.93 and a 52-week high of $14.13.
Sapiens International Corp. (NASDAQ:SPNS) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Sapiens International Corp. had a net margin of 10.48% and a return on equity of 12.48%. The business earned $53 million during the quarter, compared to analyst estimates of $50.78 million. During the same quarter last year, the business earned $0.11 earnings per share. Sapiens International Corp.’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts predict that Sapiens International Corp. will post $0.49 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of SPNS. Royal Bank of Canada increased its position in Sapiens International Corp. by 18.4% in the second quarter. Royal Bank of Canada now owns 512,600 shares of the company’s stock valued at $6,003,000 after buying an additional 79,670 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Sapiens International Corp. by 17.1% in the second quarter. Parametric Portfolio Associates LLC now owns 17,202 shares of the company’s stock worth $201,000 after buying an additional 2,518 shares during the period. Teachers Advisors Inc. increased its position in Sapiens International Corp. by 7.0% in the second quarter. Teachers Advisors Inc. now owns 36,288 shares of the company’s stock worth $425,000 after buying an additional 2,377 shares during the period. Analytic Investors LLC increased its position in Sapiens International Corp. by 9.8% in the second quarter. Analytic Investors LLC now owns 48,212 shares of the company’s stock worth $565,000 after buying an additional 4,300 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its position in Sapiens International Corp. by 3.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 192,307 shares of the company’s stock worth $2,252,000 after buying an additional 5,863 shares during the period. 13.10% of the stock is currently owned by institutional investors.
About Sapiens International Corp.
Sapiens International Corporation N.V. (Sapiens) is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. Its software solutions portfolio consists of Life, Pension, Annuity and Retirement Solutions, including software solutions for the management of a range of products for life, pension, annuity and retirement; Property and Casualty/General Insurance Solutions, including a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts; Sapiens DECISION, which is a business decision management solution, and Technology-Based Solutions, such as Sapiens eMerge.
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