Credit Suisse Group AG Begins Coverage on Sapiens International Corp. (SPNS)
Credit Suisse Group AG started coverage on shares of Sapiens International Corp. (NASDAQ:SPNS) in a note issued to investors on Wednesday. The firm set an “outperform” rating on the stock.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Sapiens International Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, October 6th. Barclays PLC lifted their price target 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. Finally, Roth Capital reissued a “sell” rating on shares of Sapiens International Corp. in a research report on Sunday, July 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $13.50.
Sapiens International Corp. (NASDAQ:SPNS) traded up 2.027% on Wednesday, hitting $13.641. 18,279 shares of the stock were exchanged. The stock has a market cap of $667.70 million, a price-to-earnings ratio of 31.946 and a beta of 0.82. Sapiens International Corp. has a 12 month low of $8.93 and a 12 month high of $14.13. The company has a 50-day moving average of $13.27 and a 200-day moving average of $12.60.
Sapiens International Corp. (NASDAQ:SPNS) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Sapiens International Corp. had a net margin of 10.48% and a return on equity of 12.48%. The company earned $53 million during the quarter, compared to analysts’ expectations of $50.78 million. During the same period last year, the company posted $0.11 EPS. Sapiens International Corp.’s revenue was up 15.0% on a year-over-year basis. On average, equities analysts predict that Sapiens International Corp. will post $0.49 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in Sapiens International Corp. by 12.9% in the first quarter. Geode Capital Management LLC now owns 45,635 shares of the company’s stock valued at $546,000 after buying an additional 5,207 shares during the last quarter. Avalon Advisors LLC bought a new position in Sapiens International Corp. during the first quarter valued at $405,000. Acadian Asset Management LLC boosted its position in Sapiens International Corp. by 0.3% in the second quarter. Acadian Asset Management LLC now owns 125,206 shares of the company’s stock valued at $1,466,000 after buying an additional 428 shares during the last quarter. Bank of Montreal Can bought a new position in Sapiens International Corp. during the second quarter valued at $144,000. Finally, Strs Ohio boosted its position in Sapiens International Corp. by 8.5% in the second quarter. Strs Ohio now owns 30,800 shares of the company’s stock valued at $360,000 after buying an additional 2,400 shares during the last quarter. 13.02% of the stock is owned by institutional investors and hedge funds.
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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