Sapiens International Co. (NASDAQ:SPNS) Receives $23.80 Consensus PT from Analysts

Sapiens International Co. (NASDAQ:SPNS – Get Rating) has been given an average rating of “Hold” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $23.80.

A number of research firms recently weighed in on SPNS. Barclays lowered shares of Sapiens International from an “equal weight” rating to an “underweight” rating and set a $24.00 price target on the stock. in a research report on Friday, May 5th. Needham & Company LLC boosted their target price on shares of Sapiens International from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, February 22nd. The Goldman Sachs Group decreased their target price on shares of Sapiens International from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, February 21st. Finally, StockNews.com started coverage on shares of Sapiens International in a report on Thursday, May 18th. They issued a “buy” rating on the stock.

Institutional Trading of Sapiens International

Several hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new stake in shares of Sapiens International in the 1st quarter worth $470,000. State Street Corp lifted its stake in shares of Sapiens International by 6.4% in the 1st quarter. State Street Corp now owns 530,497 shares of the technology company’s stock worth $11,522,000 after acquiring an additional 31,796 shares during the period. Geode Capital Management LLC lifted its stake in shares of Sapiens International by 6.0% in the 1st quarter. Geode Capital Management LLC now owns 344,515 shares of the technology company’s stock worth $7,483,000 after acquiring an additional 19,467 shares during the period. HBK Sorce Advisory LLC acquired a new stake in shares of Sapiens International in the 1st quarter worth $321,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Sapiens International in the 1st quarter worth $870,000. Institutional investors and hedge funds own 23.42% of the company’s stock.

Sapiens International Stock Down 0.8 %

Shares of NASDAQ SPNS opened at $23.94 on Friday. The company’s 50-day simple moving average is $21.43 and its 200-day simple moving average is $20.56. Sapiens International has a 52-week low of $16.18 and a 52-week high of $26.66. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 25.20 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.

Sapiens International (NASDAQ:SPNS – Get Rating) last announced its earnings results on Tuesday, February 21st. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). The company had revenue of $119.46 million during the quarter, compared to analyst estimates of $120.86 million. Sapiens International had a net margin of 10.97% and a return on equity of 16.16%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. Equities analysts predict that Sapiens International will post 1.23 EPS for the current fiscal year.

Sapiens International Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Monday, April 24th. Shareholders of record on Monday, April 10th were given 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 dividend payout ratio is presently 58.95%.

About Sapiens International

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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.