Sapiens International Co. (NASDAQ:SPNS) Receives $33.50 Average Target Price from Analysts

Sapiens International Co. (NASDAQ:SPNS) has earned an average recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $33.50.

SPNS has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $35.00 price target on shares of Sapiens International in a report on Wednesday, February 19th. Barclays dropped their price target on shares of Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group downgraded shares of Sapiens International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $36.00 to $28.00 in a report on Monday, February 3rd.

Sapiens International Stock Performance

Shares of SPNS stock opened at $25.44 on Friday. The stock has a market cap of $1.42 billion, a PE ratio of 19.72 and a beta of 1.10. Sapiens International has a 52-week low of $23.69 and a 52-week high of $41.22. The business has a 50-day simple moving average of $26.95 and a 200-day simple moving average of $28.79. The company has a quick ratio of 2.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.04.

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

Sapiens International Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, April 7th were issued a dividend of $0.66 per share. This is a positive change from Sapiens International’s previous semi-annual dividend of $0.22. The ex-dividend date was Monday, April 7th. This represents a dividend yield of 2.2%. Sapiens International’s dividend payout ratio is presently 46.51%.

Hedge Funds Weigh In On Sapiens International

Several hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Dempsey Capital Management LLC raised its holdings in Sapiens International by 8.8% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock valued at $178,000 after acquiring an additional 539 shares during the last quarter. Principal Financial Group Inc. lifted its position in Sapiens International by 6.5% during the fourth quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company’s stock worth $279,000 after buying an additional 633 shares in the last quarter. Blue Trust Inc. grew its holdings in Sapiens International by 171.2% in the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock valued at $36,000 after buying an additional 856 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Sapiens International by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,096 shares of the technology company’s stock worth $1,991,000 after acquiring an additional 874 shares during the last quarter. Finally, Nebula Research & Development LLC raised its holdings in shares of Sapiens International by 9.3% during the 4th quarter. Nebula Research & Development LLC now owns 13,361 shares of the technology company’s stock worth $359,000 after acquiring an additional 1,133 shares during the period. 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.