Sapiens International Corporation N.V. (NASDAQ:SPNS) has been given an average rating of “Buy” by the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $15.00.

Several brokerages have commented on SPNS. Zacks Investment Research raised Sapiens International Corporation N.V. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. Cowen and Company reissued a “buy” rating and issued a $14.00 price objective on shares of Sapiens International Corporation N.V. in a report on Thursday, October 12th. Finally, ValuEngine raised Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a report on Friday, September 1st.

Several large investors have recently modified their holdings of SPNS. Bank of New York Mellon Corp boosted its stake in shares of 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 acquiring an additional 402 shares during the last quarter. American International Group Inc. boosted its stake in shares of Sapiens International Corporation N.V. by 7.1% in the first quarter. American International Group Inc. now owns 14,962 shares of the technology company’s stock worth $193,000 after acquiring an additional 997 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Sapiens International Corporation N.V. by 17.7% in the first quarter. Renaissance Technologies LLC now owns 665,300 shares of the technology company’s stock worth $8,569,000 after acquiring an additional 100,100 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Sapiens International Corporation N.V. in the first quarter worth approximately $281,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Sapiens International Corporation N.V. in the first quarter worth approximately $2,136,000. 11.74% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/10/18/brokerages-set-sapiens-international-corporation-n-v-spns-price-target-at-15-00.html.

Shares of Sapiens International Corporation N.V. (SPNS) traded up 3.00% during mid-day trading on Friday, hitting $14.06. The stock had a trading volume of 32,962 shares. Sapiens International Corporation N.V. has a one year low of $10.57 and a one year high of $15.98. The stock has a market cap of $690.68 million, a P/E ratio of 230.49 and a beta of 1.23. The firm has a 50 day moving average of $12.68 and a 200-day moving average of $12.20.

Sapiens International Corporation N.V. (NASDAQ:SPNS) last issued its quarterly earnings data on Monday, August 7th. The technology company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. Sapiens International Corporation N.V. had a return on equity of 6.77% and a net margin of 1.39%. The company had revenue of $69.20 million for the quarter, compared to analyst estimates of $66.93 million. During the same period last year, the company earned $0.13 earnings per share. Sapiens International Corporation N.V.’s quarterly revenue was up 30.6% compared to the same quarter last year. Equities research analysts expect that Sapiens International Corporation N.V. will post $0.36 earnings per share for the current fiscal year.

Sapiens International Corporation N.V. Company Profile

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.

Analyst Recommendations for Sapiens International Corporation N.V. (NASDAQ:SPNS)

Receive News & Stock Ratings for Sapiens International Corporation N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sapiens International Corporation N.V. and related stocks with our FREE daily email newsletter.