Sapiens International Co. (NASDAQ:SPNS) Short Interest Update

Sapiens International Co. (NASDAQ:SPNS) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 171,200 shares, a drop of 20.5% from the March 15th total of 215,300 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 121,100 shares, the short-interest ratio is presently 1.4 days.

Sapiens International Price Performance

SPNS opened at $30.71 on Monday. 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 has a 52-week low of $19.91 and a 52-week high of $35.33. The stock has a market capitalization of $1.69 billion, a PE ratio of 27.42 and a beta of 1.16. The stock’s 50 day moving average price is $30.31 and its 200-day moving average price is $28.11.

Sapiens International (NASDAQ:SPNS) last posted its earnings results on Tuesday, February 20th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. Sapiens International had a return on equity of 16.92% and a net margin of 12.14%. The firm had revenue of $130.86 million for the quarter, compared to analysts’ expectations of $130.85 million. During the same period in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts predict that Sapiens International will post 1.37 EPS 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. Shareholders of record on Friday, April 5th will be issued a $0.28 dividend. This represents a yield of 1.7%. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.26. The ex-dividend date of this dividend is Thursday, April 4th. Sapiens International’s payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SPNS shares. The Goldman Sachs Group increased their target price on Sapiens International from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Barclays lifted their price target on Sapiens International from $28.00 to $30.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

Institutional Investors Weigh In On Sapiens International

Institutional investors have recently modified their holdings of the stock. Rhumbline Advisers grew its stake in shares of Sapiens International by 71.6% in the third quarter. Rhumbline Advisers now owns 186,904 shares of the technology company’s stock worth $5,314,000 after acquiring an additional 77,978 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Sapiens International by 470.5% during the third quarter. Assenagon Asset Management S.A. now owns 93,938 shares of the technology company’s stock valued at $2,671,000 after buying an additional 77,473 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Sapiens International by 66.4% during the fourth quarter. SG Americas Securities LLC now owns 7,763 shares of the technology company’s stock valued at $225,000 after buying an additional 3,098 shares during the last quarter. EAM Investors LLC purchased a new stake in shares of Sapiens International during the third quarter valued at $1,042,000. Finally, Acadian Asset Management LLC boosted its position in shares of Sapiens International by 284.9% during the third quarter. Acadian Asset Management LLC now owns 785,265 shares of the technology company’s stock valued at $22,301,000 after buying an additional 581,272 shares during the last quarter. 30.73% of the stock is owned by hedge funds and other institutional investors.

Sapiens International Company Profile

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.