Shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) have earned a consensus recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $16.00.

SPNS has been the topic of several recent research reports. William Blair reaffirmed an “outperform” rating on shares of Sapiens International Corporation N.V. in a research report on Monday, May 15th. ValuEngine lowered shares of Sapiens International Corporation N.V. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. TheStreet lowered shares of Sapiens International Corporation N.V. from a “b-” rating to a “c+” rating in a research report on Friday, June 16th. Finally, Zacks Investment Research raised shares of Sapiens International Corporation N.V. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th.

Sapiens International Corporation N.V. (SPNS) traded up 0.36% during midday trading on Friday, hitting $11.03. 35,943 shares of the stock traded hands. The firm has a market cap of $541.84 million, a P/E ratio of 180.82 and a beta of 1.16. The company has a 50-day moving average price of $11.29 and a 200-day moving average price of $12.43. Sapiens International Corporation N.V. has a 1-year low of $10.57 and a 1-year high of $15.98.

Sapiens International Corporation N.V. (NASDAQ:SPNS) last posted its quarterly earnings results on Monday, August 7th. The technology company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $69.20 million during the quarter, compared to analysts’ expectations of $66.93 million. Sapiens International Corporation N.V. had a net margin of 1.39% and a return on equity of 6.77%. The firm’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same period last year, the company posted $0.13 earnings per share. Analysts predict that Sapiens International Corporation N.V. will post $0.36 EPS for the current year.

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A number of institutional investors have recently modified their holdings of SPNS. Bank of New York Mellon Corp raised its position in Sapiens International Corporation N.V. by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 60,016 shares of the technology company’s stock worth $773,000 after buying an additional 402 shares in the last quarter. Denver Investment Advisors LLC raised its position in Sapiens International Corporation N.V. by 1.0% in the first quarter. Denver Investment Advisors LLC now owns 707,410 shares of the technology company’s stock worth $9,111,000 after buying an additional 7,224 shares in the last quarter. Eagle Global Advisors LLC raised its position in Sapiens International Corporation N.V. by 155.3% in the first quarter. Eagle Global Advisors LLC now owns 40,600 shares of the technology company’s stock worth $523,000 after buying an additional 24,700 shares in the last quarter. Martingale Asset Management L P raised its position in Sapiens International Corporation N.V. by 10.0% in the first quarter. Martingale Asset Management L P now owns 70,535 shares of the technology company’s stock worth $909,000 after buying an additional 6,395 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Sapiens International Corporation N.V. by 8.1% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 242,932 shares of the technology company’s stock worth $3,129,000 after buying an additional 18,300 shares in the last quarter. 11.74% of the stock is currently owned by hedge funds and other institutional investors.

About Sapiens International Corporation N.V.

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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