60,121 Shares in Sapiens International Co. (NASDAQ:SPNS) Bought by Bank of Montreal Can

Bank of Montreal Can bought a new stake in Sapiens International Co. (NASDAQ:SPNS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 60,121 shares of the technology company’s stock, valued at approximately $1,653,000. Bank of Montreal Can owned 0.11% of Sapiens International as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SPNS. Nisa Investment Advisors LLC lifted its position in Sapiens International by 3,697.0% during the first quarter. Nisa Investment Advisors LLC now owns 1,253 shares of the technology company’s stock valued at $27,000 after purchasing an additional 1,220 shares in the last quarter. FMR LLC grew its stake in shares of Sapiens International by 312.5% during the 1st quarter. FMR LLC now owns 1,613 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,222 shares during the period. Tower Research Capital LLC TRC increased its holdings in Sapiens International by 402.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,508 shares of the technology company’s stock worth $124,000 after acquiring an additional 5,213 shares in the last quarter. Barclays PLC raised its stake in Sapiens International by 546.2% during the 4th quarter. Barclays PLC now owns 8,652 shares of the technology company’s stock worth $160,000 after acquiring an additional 7,313 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Sapiens International by 21.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,046 shares of the technology company’s stock worth $170,000 after acquiring an additional 1,253 shares during the period. 27.24% of the stock is owned by hedge funds and other institutional investors.

Sapiens International Price Performance

Shares of SPNS stock opened at $24.47 on Friday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 23.99 and a beta of 1.20. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.09. Sapiens International Co. has a twelve month low of $17.71 and a twelve month high of $30.81. The stock has a fifty day simple moving average of $27.67 and a two-hundred day simple moving average of $26.73.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Sapiens International had a net margin of 11.47% and a return on equity of 16.72%. The business had revenue of $130.71 million for the quarter, compared to analysts’ expectations of $130.33 million. On average, analysts predict that Sapiens International Co. will post 1.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SPNS shares. Needham & Company LLC lifted their target price on shares of Sapiens International from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Barclays upped their price objective on Sapiens International from $24.00 to $28.00 and gave the stock an “underweight” rating in a research note on Thursday, August 3rd. StockNews.com began coverage on Sapiens International in a research note on Thursday, October 5th. They set a “strong-buy” rating on the stock. Finally, The Goldman Sachs Group upped their price target on Sapiens International from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Sapiens International has a consensus rating of “Hold” and a consensus target price of $29.25.

Sapiens International Profile

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. It 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.