Sapiens International (SPNS) Scheduled to Post Quarterly Earnings on Tuesday

Sapiens International (NASDAQ:SPNSGet Rating) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, May 3rd. Analysts expect Sapiens International to post earnings of $0.25 per share for the quarter. Sapiens International has set its FY 2022 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Sapiens International (NASDAQ:SPNSGet Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $119.60 million for the quarter, compared to the consensus estimate of $120.63 million. Sapiens International had a net margin of 10.23% and a return on equity of 15.76%. Sapiens International’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. On average, analysts expect Sapiens International to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ SPNS opened at $24.66 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market cap of $1.36 billion, a P/E ratio of 28.67 and a beta of 1.40. The company has a fifty day moving average of $26.16. Sapiens International has a 52-week low of $24.02 and a 52-week high of $38.32.

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 24th. Zacks Investment Research downgraded shares of Sapiens International from a “hold” rating to a “sell” rating in a report on Friday, March 4th. Citigroup reduced their target price on shares of Sapiens International from $38.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Finally, Needham & Company LLC reduced their target price on shares of Sapiens International from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Three investment analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.00.

Institutional investors have recently bought and sold shares of the company. Invesco Ltd. grew its holdings in Sapiens International by 40.3% during the 2nd quarter. Invesco Ltd. now owns 12,256 shares of the technology company’s stock valued at $322,000 after purchasing an additional 3,521 shares during the last quarter. Morgan Stanley grew its holdings in Sapiens International by 1,199.6% during the 2nd quarter. Morgan Stanley now owns 180,385 shares of the technology company’s stock valued at $4,738,000 after purchasing an additional 166,505 shares during the last quarter. Two Sigma Investments LP bought a new position in Sapiens International during the 3rd quarter valued at about $226,000. BNP Paribas Arbitrage SA grew its holdings in Sapiens International by 481.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,444 shares of the technology company’s stock valued at $185,000 after purchasing an additional 5,335 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Sapiens International by 13.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 78,504 shares of the technology company’s stock valued at $2,260,000 after purchasing an additional 9,130 shares during the last quarter. Hedge funds and other institutional investors own 32.29% of the company’s stock.

Sapiens International Company Profile (Get Rating)

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 Sapiens CoreSuite and Sapiens IDITSuite for personal, commercial, and specialty lines, as well as reinsurance and workers' compensation; and Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster for life, pension, and annuities.

Further Reading

Earnings History for Sapiens International (NASDAQ:SPNS)

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