Sapiens International Co. (NASDAQ:SPNS) Stock Position Raised by Quantbot Technologies LP

Quantbot Technologies LP boosted its position in shares of Sapiens International Co. (NASDAQ:SPNS) by 653.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,614 shares of the technology company’s stock after purchasing an additional 9,205 shares during the period. Quantbot Technologies LP’s holdings in Sapiens International were worth $285,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SPNS. Royce & Associates LP increased its holdings in shares of Sapiens International by 65.7% in the 4th quarter. Royce & Associates LP now owns 932,703 shares of the technology company’s stock valued at $25,062,000 after purchasing an additional 369,947 shares during the period. HighTower Advisors LLC increased its stake in Sapiens International by 28.6% in the 4th quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company’s stock valued at $218,000 after buying an additional 1,801 shares during the period. Seizert Capital Partners LLC lifted its position in Sapiens International by 47.8% in the 4th quarter. Seizert Capital Partners LLC now owns 189,365 shares of the technology company’s stock worth $5,088,000 after buying an additional 61,200 shares in the last quarter. Cornerstone Investment Partners LLC boosted its stake in shares of Sapiens International by 44.9% during the 4th quarter. Cornerstone Investment Partners LLC now owns 15,403 shares of the technology company’s stock valued at $414,000 after buying an additional 4,770 shares during the period. Finally, Torray Investment Partners LLC grew its holdings in shares of Sapiens International by 2.4% during the 4th quarter. Torray Investment Partners LLC now owns 50,669 shares of the technology company’s stock valued at $1,361,000 after acquiring an additional 1,206 shares in the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on SPNS shares. William Blair reiterated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. Needham & Company LLC reiterated a “buy” rating and set a $35.00 price target on shares of Sapiens International in a report on Wednesday, February 19th. Barclays dropped their price objective on Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Finally, Jefferies Financial Group cut shares of Sapiens International from a “buy” rating to a “hold” rating and reduced their target price for the company from $36.00 to $28.00 in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $33.50.

Sapiens International Stock Performance

Shares of NASDAQ SPNS opened at $27.27 on Friday. Sapiens International Co. has a 52 week low of $25.01 and a 52 week high of $41.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.24. The business’s 50-day simple moving average is $27.17 and its 200-day simple moving average is $30.08. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 21.14 and a beta of 1.16.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $134.31 million for the quarter, compared to the consensus estimate of $135.89 million. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. As a group, equities research analysts expect that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.

Sapiens International Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, April 7th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 7th. This is a positive change from Sapiens International’s previous dividend of $0.22. Sapiens International’s payout ratio is presently 46.51%.

Sapiens International 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.