Sapiens International Co. (NASDAQ:SPNS) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its position in shares of Sapiens International Co. (NASDAQ:SPNS) by 7.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,540 shares of the technology company’s stock after purchasing an additional 1,391 shares during the quarter. Franklin Resources Inc.’s holdings in Sapiens International were worth $700,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPNS. National Bank of Canada FI purchased a new position in Sapiens International in the third quarter worth approximately $26,000. Financial Management Professionals Inc. boosted its holdings in Sapiens International by 57.9% in the third quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock valued at $72,000 after purchasing an additional 713 shares during the period. Morgan Dempsey Capital Management LLC increased its stake in shares of Sapiens International by 9.5% during the second quarter. Morgan Dempsey Capital Management LLC now owns 4,206 shares of the technology company’s stock worth $143,000 after buying an additional 365 shares during the period. MQS Management LLC purchased a new stake in shares of Sapiens International during the 3rd quarter worth $230,000. Finally, HighTower Advisors LLC acquired a new position in shares of Sapiens International during the 3rd quarter worth about $231,000. 30.73% of the stock is currently owned by institutional investors and hedge funds.

Sapiens International Price Performance

SPNS opened at $27.13 on Monday. The stock has a market capitalization of $1.52 billion, a PE ratio of 21.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.18. The company’s 50 day simple moving average is $30.79 and its 200 day simple moving average is $34.17. Sapiens International Co. has a 1 year low of $26.34 and a 1 year high of $41.22.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The business had revenue of $137.00 million during the quarter, compared to analyst estimates of $140.10 million. During the same period in the previous year, the company earned $0.32 EPS. Sapiens International’s revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts expect that Sapiens International Co. will post 1.42 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. William Blair reissued a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Barclays reduced their price objective on Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th. Finally, Needham & Company LLC cut their price objective on Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $36.00.

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.