Jane Street Group LLC Buys 24,890 Shares of Sapiens International Co. (NASDAQ:SPNS)

Jane Street Group LLC boosted its stake in shares of Sapiens International Co. (NASDAQ:SPNS) by 45.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,863 shares of the technology company’s stock after buying an additional 24,890 shares during the period. Jane Street Group LLC owned approximately 0.14% of Sapiens International worth $2,146,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp increased its holdings in shares of Sapiens International by 1.2% in the 4th quarter. Northern Trust Corp now owns 226,353 shares of the technology company’s stock worth $6,082,000 after purchasing an additional 2,641 shares in the last quarter. Quarry LP purchased a new position in Sapiens International during the fourth quarter valued at $37,000. Nebula Research & Development LLC lifted its position in Sapiens International by 9.3% during the fourth quarter. Nebula Research & Development LLC now owns 13,361 shares of the technology company’s stock valued at $359,000 after purchasing an additional 1,133 shares in the last quarter. Topline Capital Management LLC purchased a new position in Sapiens International during the fourth quarter valued at $24,147,000. Finally, Voya Investment Management LLC lifted its position in Sapiens International by 7.3% during the fourth quarter. Voya Investment Management LLC now owns 90,441 shares of the technology company’s stock valued at $2,430,000 after purchasing an additional 6,191 shares in the last quarter. Institutional investors own 30.73% of the company’s stock.

Sapiens International Trading Up 0.1%

Shares of NASDAQ SPNS opened at $28.54 on Friday. The business’s 50 day moving average is $27.10 and its two-hundred day moving average is $27.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.18. Sapiens International Co. has a 1-year low of $23.69 and a 1-year high of $41.22. The stock has a market capitalization of $1.60 billion, a P/E ratio of 22.12 and a beta of 0.95.

Sapiens International (NASDAQ:SPNS) last announced its earnings results on Thursday, May 8th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The business had revenue of $136.11 million during the quarter, compared to analyst estimates of $136.25 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, research analysts expect that Sapiens International Co. will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, April 7th were issued a $0.66 dividend. This is a positive change from Sapiens International’s previous semi-annual dividend of $0.22. The ex-dividend date of this dividend was Monday, April 7th. This represents a dividend yield of 2.2%. Sapiens International’s payout ratio is presently 46.15%.

Analyst Ratings Changes

Several equities analysts recently weighed in on SPNS shares. Needham & Company LLC reiterated a “buy” rating and set a $35.00 target price on shares of Sapiens International in a research report on Wednesday, February 19th. Barclays lifted their target price on Sapiens International from $28.00 to $31.00 and gave the stock an “underweight” rating in a report on Friday, May 9th. Finally, Jefferies Financial Group cut Sapiens International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $36.00 to $28.00 in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Sapiens International has a consensus rating of “Hold” and an average price target of $34.25.

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.