SG Americas Securities LLC Has $225,000 Stock Holdings in Sapiens International Co. (NASDAQ:SPNS)

SG Americas Securities LLC increased its stake in shares of Sapiens International Co. (NASDAQ:SPNS) by 66.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,763 shares of the technology company’s stock after purchasing an additional 3,098 shares during the quarter. SG Americas Securities LLC’s holdings in Sapiens International were worth $225,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. increased its position in Sapiens International by 2.7% during the 3rd quarter. Invesco Ltd. now owns 17,026 shares of the technology company’s stock worth $484,000 after purchasing an additional 445 shares in the last quarter. Bank of New York Mellon Corp increased its position in 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. American International Group Inc. increased its position 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 valued at $280,000 after acquiring an additional 578 shares during the period. Van ECK Associates Corp increased its position in 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 during the period. Finally, Los Angeles Capital Management LLC increased its position in Sapiens International by 2.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 27,580 shares of the technology company’s stock valued at $784,000 after acquiring an additional 635 shares during the period. 30.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays upped their price target on shares of Sapiens International from $28.00 to $30.00 and gave the company an “underweight” rating in a research report on Wednesday, February 21st. The Goldman Sachs Group upped their price target on shares of Sapiens International from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

Sapiens International Trading Up 2.0 %

NASDAQ:SPNS opened at $31.68 on Friday. The firm has a market cap of $1.75 billion, a P/E ratio of 28.29 and a beta of 1.16. Sapiens International Co. has a 52 week low of $19.91 and a 52 week high of $35.33. The firm’s fifty day moving average is $30.23 and its 200-day moving average is $28.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.11 and a current ratio of 2.11.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Tuesday, February 20th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $130.86 million for the quarter, compared to analyst estimates of $130.85 million. Sapiens International had a net margin of 12.14% and a return on equity of 16.92%. Sapiens International’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. Equities analysts expect that Sapiens International Co. will post 1.37 earnings per share for the current year.

Sapiens International Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, April 18th. Investors of record on Friday, April 5th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, April 4th. This is a positive change from Sapiens International’s previous Semi-Annual dividend of $0.26. This represents a yield of 1.7%. Sapiens International’s dividend payout ratio is currently 50.00%.

About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.