State Board of Administration of Florida Retirement System Purchases 920 Shares of Sapiens International Co. (NASDAQ:SPNS)

State Board of Administration of Florida Retirement System grew its position in shares of Sapiens International Co. (NASDAQ:SPNS – Get Rating) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,566 shares of the technology company’s stock after purchasing an additional 920 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.13% of Sapiens International worth $1,341,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. bought a new position in shares of Sapiens International during the 4th quarter valued at about $5,082,000. Synovus Financial Corp grew its position in Sapiens International by 5.1% during the 4th quarter. Synovus Financial Corp now owns 75,313 shares of the technology company’s stock worth $1,392,000 after acquiring an additional 3,631 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in Sapiens International during the 4th quarter worth approximately $188,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Sapiens International by 8.3% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 713,847 shares of the technology company’s stock worth $13,192,000 after acquiring an additional 54,430 shares during the last quarter. Finally, ARK Investment Management LLC grew its position in Sapiens International by 14.7% during the 4th quarter. ARK Investment Management LLC now owns 110,356 shares of the technology company’s stock worth $2,039,000 after acquiring an additional 14,122 shares during the last quarter. 23.42% of the stock is currently owned by institutional investors.

Sapiens International Trading Down 0.6 %

SPNS opened at $23.20 on Monday. The stock has a market cap of $1.28 billion, a PE ratio of 24.42 and a beta of 1.26. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $20.96 and a 200-day moving average of $20.37. Sapiens International Co. has a 52 week low of $16.18 and a 52 week high of $26.66.

Sapiens International (NASDAQ:SPNS – Get Rating) last released its earnings results on Tuesday, February 21st. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $119.46 million during the quarter, compared to analysts’ expectations of $120.86 million. Sapiens International had a net margin of 10.97% and a return on equity of 16.16%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. Equities research analysts predict that Sapiens International Co. will post 1.24 earnings per share for the current fiscal year.

Sapiens International Cuts Dividend

The company also recently announced a — dividend, which was paid on Monday, April 24th. Stockholders of record on Monday, April 10th were paid a $0.25 dividend. This represents a dividend yield of 4.5%. The ex-dividend date of this dividend was Thursday, April 6th. Sapiens International’s payout ratio is presently 58.95%.

Analyst Ratings Changes

SPNS has been the topic of several recent research reports. The Goldman Sachs Group reduced their price target on Sapiens International from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, February 21st. StockNews.com upgraded Sapiens International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 13th. Needham & Company LLC increased their price objective on Sapiens International from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, February 22nd. Finally, Barclays cut Sapiens International from an “equal weight” rating to an “underweight” rating and set a $24.00 price objective for the company. in a report on Friday, May 5th. Two research analysts have rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sapiens International presently has an average rating of “Moderate Buy” and a consensus price target of $23.80.

Sapiens International Profile

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Sapiens International Corp. NV provides software solutions for the insurance industry. It offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company was founded by Joseph Bolless and Ron Zuckerman in 1982 and is headquartered in Holon, Israel.