Sapiens International (NASDAQ:SPNS) Hits New 1-Year High – Should You Buy?

Sapiens International Corporation N.V. (NASDAQ:SPNS)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $43.38 and last traded at $43.3450, with a volume of 24690 shares trading hands. The stock had previously closed at $43.32.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Sapiens International in a report on Monday, December 1st. Needham & Company LLC lowered shares of Sapiens International from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.33.

Sapiens International Trading Down 0.0%

The company has a 50-day simple moving average of $43.11 and a 200 day simple moving average of $37.14. The company has a market cap of $2.43 billion, a P/E ratio of 38.00 and a beta of 0.89.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Thursday, November 13th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $152.32 million during the quarter, compared to analyst estimates of $148.23 million. Sapiens International had a net margin of 11.40% and a return on equity of 16.08%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 earnings per share. On average, equities analysts forecast that Sapiens International Corporation N.V. will post 1.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Sapiens International

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of Sapiens International by 73.1% in the second quarter. GAMMA Investing LLC now owns 919 shares of the technology company’s stock valued at $27,000 after purchasing an additional 388 shares during the period. Caitong International Asset Management Co. Ltd raised its position in Sapiens International by 2,945.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 944 shares of the technology company’s stock valued at $41,000 after purchasing an additional 913 shares in the last quarter. CWM LLC lifted its holdings in shares of Sapiens International by 262.5% in the 2nd quarter. CWM LLC now owns 1,526 shares of the technology company’s stock worth $45,000 after buying an additional 1,105 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Sapiens International during the 3rd quarter worth $107,000. Finally, Wolverine Asset Management LLC bought a new position in shares of Sapiens International during the 3rd quarter worth $112,000. 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.