Allianz Asset Management GmbH Has $2.62 Million Stock Holdings in Sapiens International Co. (NASDAQ:SPNS)

Allianz Asset Management GmbH reduced its stake in Sapiens International Co. (NASDAQ:SPNSFree Report) by 17.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,651 shares of the technology company’s stock after selling 18,524 shares during the quarter. Allianz Asset Management GmbH owned about 0.16% of Sapiens International worth $2,623,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Sapiens International by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,295,832 shares of the technology company’s stock worth $36,841,000 after purchasing an additional 106,358 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Sapiens International by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,006,523 shares of the technology company’s stock worth $29,130,000 after buying an additional 44,685 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Sapiens International by 284.9% in 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 period. Rhumbline Advisers boosted its position in Sapiens International by 71.6% during the third quarter. Rhumbline Advisers now owns 186,904 shares of the technology company’s stock valued at $5,314,000 after acquiring an additional 77,978 shares during the last quarter. Finally, Seizert Capital Partners LLC grew its holdings in Sapiens International by 71.7% during the 4th quarter. Seizert Capital Partners LLC now owns 129,151 shares of the technology company’s stock worth $3,738,000 after acquiring an additional 53,949 shares during the period. 30.73% of the stock is currently owned by institutional investors.

Sapiens International Stock Down 0.9 %

SPNS stock opened at $32.85 on Friday. The stock’s 50 day simple moving average is $32.38 and its 200 day simple moving average is $29.80. The company has a market cap of $1.81 billion, a P/E ratio of 28.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 1.84. Sapiens International Co. has a fifty-two week low of $24.39 and a fifty-two week high of $35.33.

Sapiens International (NASDAQ:SPNSGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. Sapiens International had a return on equity of 17.41% and a net margin of 12.52%. The firm had revenue of $134.25 million during the quarter, compared to the consensus estimate of $133.63 million. On average, research analysts expect that Sapiens International Co. will post 1.43 earnings per share for the current fiscal year.

Sapiens International Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, April 18th. Shareholders of record on Friday, April 5th were paid a $0.28 dividend. This represents a dividend yield of 1.7%. This is a positive change from Sapiens International’s previous Semi-Annual dividend of $0.26. The ex-dividend date of this dividend was Thursday, April 4th. Sapiens International’s dividend payout ratio (DPR) is 47.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SPNS shares. The Goldman Sachs Group upped their target price on Sapiens International from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of Sapiens International in a research report on Wednesday, May 8th. Finally, Barclays boosted their target price 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.

Get Our Latest Stock Report on Sapiens International

Sapiens International Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Sapiens International (NASDAQ:SPNS)

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