Sapiens International’s (SPNS) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Sapiens International (NASDAQ:SPNS) in a research report released on Wednesday, Benzinga reports. Needham & Company LLC currently has a $38.00 price objective on the technology company’s stock.

A number of other research firms have also commented on SPNS. Barclays raised their price target on Sapiens International from $28.00 to $30.00 and gave the stock an underweight rating in a report on Wednesday, February 21st. The Goldman Sachs Group upped their target price on shares of Sapiens International from $34.00 to $38.00 and gave the stock a buy rating in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $35.33.

Sapiens International Stock Performance

NASDAQ:SPNS opened at $33.82 on Wednesday. Sapiens International has a 1 year low of $22.70 and a 1 year high of $35.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.11 and a quick ratio of 2.11. The business has a fifty day simple moving average of $31.01 and a two-hundred day simple moving average of $28.58. The company has a market capitalization of $1.86 billion, a P/E ratio of 29.93 and a beta of 1.17.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $130.86 million during the quarter, compared to analyst estimates of $130.85 million. Sapiens International had a return on equity of 16.92% and a net margin of 12.14%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. On average, analysts expect that Sapiens International will post 1.37 earnings per share for the current year.

Sapiens International Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, April 18th. Stockholders of record on Friday, April 5th were given a dividend of $0.28 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, April 4th. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.26. Sapiens International’s dividend payout ratio (DPR) is 50.00%.

Institutional Investors Weigh In On Sapiens International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new position in shares of Sapiens International in the 4th quarter worth $25,000. Financial Management Professionals Inc. bought a new position in Sapiens International in the first quarter valued at $40,000. Psagot Value Holdings Ltd. Israel purchased a new stake in Sapiens International during the fourth quarter valued at about $41,000. SG Americas Securities LLC bought a new stake in Sapiens International during the third quarter worth about $133,000. Finally, Foyston Gordon & Payne Inc purchased a new position in shares of Sapiens International in the 1st quarter worth about $217,000. 30.73% of the stock is owned by hedge funds and other institutional investors.

About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.