Sapiens International (NASDAQ:SPNS) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Sapiens International Corporation N.V. (NASDAQ:SPNS)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.35 and traded as high as $28.80. Sapiens International shares last traded at $28.42, with a volume of 104,700 shares traded.

Analyst Ratings Changes

Separately, Barclays upped their target price on Sapiens International from $28.00 to $31.00 and gave the stock an “underweight” rating in a research report on Friday, May 9th. 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 stock. According to data from MarketBeat.com, Sapiens International presently has an average rating of “Hold” and a consensus price target of $34.25.

Sapiens International Stock Up 0.1%

The company has a market capitalization of $1.59 billion, a P/E ratio of 21.86 and a beta of 0.97. The firm has a 50-day moving average price of $27.99 and a two-hundred day moving average price of $27.35.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. Sapiens International had a return on equity of 17.30% and a net margin of 13.37%. The company had revenue of $136.11 million during the quarter, compared to analysts’ expectations of $136.25 million. During the same period in the prior year, the business earned $0.36 earnings per share. Sapiens International’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, analysts predict that Sapiens International Corporation N.V. will post 1.42 EPS for the current fiscal year.

Sapiens International Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, April 7th were given a $0.66 dividend. This represents a dividend yield of 2.2%. This is a boost from Sapiens International’s previous semi-annual dividend of $0.22. The ex-dividend date of this dividend was Monday, April 7th. Sapiens International’s dividend payout ratio is currently 46.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC lifted its position in Sapiens International by 8.8% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock worth $178,000 after purchasing an additional 539 shares during the period. Principal Financial Group Inc. lifted its position in Sapiens International by 6.5% in the fourth quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company’s stock worth $279,000 after purchasing an additional 633 shares during the period. Blue Trust Inc. lifted its position in Sapiens International by 171.2% in the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock worth $36,000 after purchasing an additional 856 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Sapiens International by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,096 shares of the technology company’s stock worth $1,991,000 after purchasing an additional 874 shares during the period. Finally, Larson Financial Group LLC lifted its position in Sapiens International by 2,216.7% in the first quarter. Larson Financial Group LLC now owns 973 shares of the technology company’s stock worth $26,000 after purchasing an additional 931 shares during the period. 30.73% of the stock is owned by 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.