Martingale Asset Management L P Raises Position in Sapiens International Co. (NASDAQ:SPNS)

Martingale Asset Management L P grew its holdings in shares of Sapiens International Co. (NASDAQ:SPNSGet Rating) by 39.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,850 shares of the technology company’s stock after purchasing an additional 13,300 shares during the period. Martingale Asset Management L P owned approximately 0.09% of Sapiens International worth $1,135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in shares of Sapiens International by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 80,168 shares of the technology company’s stock valued at $2,036,000 after acquiring an additional 485 shares during the period. Rhumbline Advisers increased its position in shares of Sapiens International by 2.7% in the 1st quarter. Rhumbline Advisers now owns 29,814 shares of the technology company’s stock valued at $757,000 after acquiring an additional 796 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Sapiens International by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 68,862 shares of the technology company’s stock valued at $1,749,000 after acquiring an additional 1,234 shares during the period. FinTrust Capital Advisors LLC increased its position in shares of Sapiens International by 51.4% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 4,210 shares of the technology company’s stock valued at $109,000 after acquiring an additional 1,430 shares during the period. Finally, Crawford Investment Counsel Inc. increased its position in shares of Sapiens International by 0.9% in the 1st quarter. Crawford Investment Counsel Inc. now owns 216,005 shares of the technology company’s stock valued at $5,484,000 after acquiring an additional 1,860 shares during the period. Hedge funds and other institutional investors own 26.02% of the company’s stock.

Sapiens International Trading Down 0.8 %

SPNS stock opened at $19.14 on Monday. The company’s 50-day simple moving average is $19.30 and its 200-day simple moving average is $22.06. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.16. Sapiens International Co. has a 52-week low of $16.18 and a 52-week high of $38.32. The firm has a market cap of $1.05 billion, a P/E ratio of 20.15 and a beta of 1.28.

Analyst Upgrades and Downgrades

SPNS has been the topic of several analyst reports. Citigroup cut their price target on Sapiens International from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, August 8th. TheStreet downgraded Sapiens International from a “b-” rating to a “c+” rating in a research report on Wednesday, October 5th. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 20th. Finally, Needham & Company LLC cut their price target on Sapiens International from $30.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.33.

Sapiens International Profile

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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.

See Also

Institutional Ownership by Quarter for Sapiens International (NASDAQ:SPNS)

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