BidaskClub cut shares of Sapiens International (NASDAQ:SPNS) from a strong-buy rating to a buy rating in a research report sent to investors on Friday, BidAskClub reports.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Sapiens International from a hold rating to a strong-buy rating and set a $20.00 price target on the stock in a research note on Friday, August 9th. Roth Capital lifted their price target on shares of Sapiens International from $5.00 to $8.75 in a research note on Monday, August 5th. Finally, Barclays reiterated a hold rating on shares of Sapiens International in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $14.42.

Shares of SPNS stock opened at $18.05 on Friday. Sapiens International has a 12-month low of $10.11 and a 12-month high of $19.59. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.49 and a current ratio of 1.49. The firm’s 50 day moving average is $17.86 and its 200 day moving average is $16.04.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Monday, August 5th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Sapiens International had a net margin of 6.91% and a return on equity of 15.34%. The company had revenue of $79.53 million for the quarter, compared to analysts’ expectations of $78.62 million. During the same quarter last year, the company posted $0.13 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts predict that Sapiens International will post 0.71 earnings per share for the current year.

The firm also recently declared a dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, August 19th. This is a boost from Sapiens International’s previous dividend of $0.20.

Several institutional investors have recently modified their holdings of SPNS. Invesco Ltd. purchased a new position in shares of Sapiens International during the 2nd quarter worth $16,137,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Sapiens International by 14.0% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,174,341 shares of the technology company’s stock worth $19,518,000 after acquiring an additional 144,100 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Sapiens International by 28.8% during the 2nd quarter. Renaissance Technologies LLC now owns 599,500 shares of the technology company’s stock worth $9,964,000 after acquiring an additional 134,030 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Sapiens International by 134.0% during the 2nd quarter. Acadian Asset Management LLC now owns 198,486 shares of the technology company’s stock worth $3,300,000 after acquiring an additional 113,674 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in shares of Sapiens International during the 2nd quarter worth $1,226,000.

About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, Europe, the Asia Pacific, and South Africa. The company offers software platform and solutions for personal, commercial, and specialty lines, as well as reinsurance and workers' compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster.

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