Knights of Columbus Asset Advisors LLC grew its position in Sapiens International Co. (NASDAQ:SPNS) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,926 shares of the technology company’s stock after buying an additional 356 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.12% of Sapiens International worth $1,926,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in SPNS. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new position in shares of Sapiens International in the third quarter worth about $4,978,000. Morgan Stanley boosted its holdings in shares of Sapiens International by 1,199.6% in the second quarter. Morgan Stanley now owns 180,385 shares of the technology company’s stock worth $4,738,000 after buying an additional 166,505 shares during the period. Meitav Dash Investments Ltd. boosted its holdings in shares of Sapiens International by 423.9% in the third quarter. Meitav Dash Investments Ltd. now owns 201,601 shares of the technology company’s stock worth $5,802,000 after buying an additional 163,119 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Sapiens International by 16.5% in the second quarter. Renaissance Technologies LLC now owns 838,103 shares of the technology company’s stock worth $22,017,000 after buying an additional 119,000 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Sapiens International by 7.1% in the second quarter. BlackRock Inc. now owns 1,425,323 shares of the technology company’s stock worth $37,443,000 after buying an additional 94,876 shares during the period. Institutional investors own 24.64% of the company’s stock.
A number of research firms have recently issued reports on SPNS. Citigroup increased their price target on shares of Sapiens International from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, November 4th. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered shares of Sapiens International from a “neutral” rating to an “underweight” rating and set a $35.00 price target for the company. in a research report on Tuesday, December 14th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.00.
Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data on Wednesday, November 3rd. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The firm had revenue of $117.80 million for the quarter, compared to analyst estimates of $117.83 million. Sapiens International had a net margin of 9.43% and a return on equity of 15.19%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. On average, sell-side analysts anticipate that Sapiens International Co. will post 1.09 earnings per share for the current fiscal year.
About Sapiens International
Sapiens International Corp. NV provides software solutions for the insurance industry. It offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company was founded by Joseph Bolless and Ron Zuckerman in 1982 and is headquartered in Holon, Israel.
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