Sapiens International Co. (NASDAQ:SPNS) Expected to Announce Quarterly Sales of $122.99 Million

Brokerages expect that Sapiens International Co. (NASDAQ:SPNSGet Rating) will post $122.99 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Sapiens International’s earnings. The highest sales estimate is $124.70 million and the lowest is $121.27 million. Sapiens International posted sales of $114.41 million during the same quarter last year, which suggests a positive year over year growth rate of 7.5%. The company is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Sapiens International will report full-year sales of $497.62 million for the current fiscal year, with estimates ranging from $496.96 million to $498.60 million. For the next year, analysts anticipate that the firm will report sales of $541.56 million, with estimates ranging from $536.69 million to $546.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Sapiens International.

Sapiens International (NASDAQ:SPNSGet Rating) last posted its earnings results on Tuesday, May 3rd. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $117.70 million for the quarter, compared to analysts’ expectations of $117.21 million. Sapiens International had a net margin of 10.93% and a return on equity of 16.14%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share.

SPNS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Sapiens International from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, May 10th. William Blair restated a “market perform” rating on shares of Sapiens International in a research note on Tuesday, May 3rd. Citigroup dropped their price objective on shares of Sapiens International from $38.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Needham & Company LLC decreased 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. Finally, StockNews.com raised shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sapiens International presently has a consensus rating of “Hold” and a consensus target price of $31.00.

Shares of SPNS stock opened at $23.57 on Wednesday. The firm’s 50 day moving average is $24.86 and its 200-day moving average is $29.66. Sapiens International has a 1 year low of $22.16 and a 1 year high of $38.32. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 25.34 and a beta of 1.37. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.14.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Tuesday, May 17th will be given a $0.352 dividend. This represents a $1.41 annualized dividend and a dividend yield of 5.97%. The ex-dividend date of this dividend is Monday, May 16th. Sapiens International’s dividend payout ratio is presently 151.61%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPNS. Invesco Ltd. grew its stake in shares of 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 acquiring an additional 3,521 shares during the period. Morgan Stanley lifted its stake in shares of Sapiens International by 1,199.6% during the 2nd quarter. Morgan Stanley now owns 180,385 shares of the technology company’s stock worth $4,738,000 after purchasing an additional 166,505 shares during the last quarter. Swiss National Bank raised its stake in Sapiens International by 2.4% in the third quarter. Swiss National Bank now owns 67,029 shares of the technology company’s stock valued at $1,941,000 after buying an additional 1,601 shares during the last quarter. BlackRock Inc. raised its stake in Sapiens International by 0.5% in the third quarter. BlackRock Inc. now owns 1,433,003 shares of the technology company’s stock valued at $41,240,000 after buying an additional 7,680 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Sapiens International by 82.4% in the third quarter. Barclays PLC now owns 13,572 shares of the technology company’s stock valued at $391,000 after purchasing an additional 6,130 shares during the period. Institutional investors own 30.28% of the company’s stock.

About Sapiens International (Get Rating)

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, the European Union, the United Kingdom, Israel, and internationally. The company offers Sapiens CoreSuite and Sapiens IDITSuite for personal, commercial, and specialty lines; and Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster for life, pension, and annuities.

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