Sapiens International (NASDAQ:SPNS) Downgraded to Buy at StockNews.com

StockNews.com lowered shares of Sapiens International (NASDAQ:SPNS) from a strong-buy rating to a buy rating in a research report released on Monday morning.

Other analysts have also issued reports about the company. Needham & Company LLC boosted their target price on Sapiens International from $26.00 to $35.00 and gave the company a buy rating in a research note on Wednesday, August 2nd. The Goldman Sachs Group boosted their price target on shares of Sapiens International from $28.00 to $34.00 and gave the company a buy rating in a research report on Thursday, August 3rd. Finally, Barclays raised their price objective on shares of Sapiens International from $24.00 to $28.00 and gave the stock an underweight rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $29.25.

Sapiens International Trading Up 2.1 %

NASDAQ SPNS opened at $25.19 on Monday. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 23.76 and a beta of 1.20. The business’s fifty day moving average is $27.45 and its 200-day moving average is $26.89. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.08 and a quick ratio of 2.08. Sapiens International has a one year low of $17.71 and a one year high of $30.81.

Sapiens International (NASDAQ:SPNS) last released its earnings results on Wednesday, November 8th. The technology company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Sapiens International had a net margin of 11.69% and a return on equity of 16.84%. The company had revenue of $130.71 million during the quarter, compared to analysts’ expectations of $130.33 million. Equities research analysts predict that Sapiens International will post 1.26 EPS for the current year.

Hedge Funds Weigh In On Sapiens International

Several hedge funds have recently bought and sold shares of the company. 1620 Investment Advisors Inc. boosted its holdings in Sapiens International by 3.3% in the 2nd quarter. 1620 Investment Advisors Inc. now owns 12,796 shares of the technology company’s stock valued at $340,000 after purchasing an additional 404 shares during the period. Invesco Ltd. boosted its stake in Sapiens International by 2.7% during the third quarter. Invesco Ltd. now owns 17,026 shares of the technology company’s stock valued at $484,000 after buying an additional 445 shares during the period. Bank of New York Mellon Corp grew its position in Sapiens International by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 80,168 shares of the technology company’s stock worth $2,036,000 after buying an additional 485 shares in the last quarter. American International Group Inc. increased its stake in Sapiens International by 4.0% in the 4th quarter. American International Group Inc. now owns 15,168 shares of the technology company’s stock worth $280,000 after acquiring an additional 578 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Sapiens International by 6.8% in the 3rd quarter. Van ECK Associates Corp now owns 9,787 shares of the technology company’s stock valued at $278,000 after acquiring an additional 623 shares in the last quarter. Hedge funds and other institutional investors own 27.24% of the company’s stock.

Sapiens International Company 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.