Sapiens International (NASDAQ:SPNS) Lowered to “Hold” Rating by Wall Street Zen

Sapiens International (NASDAQ:SPNS) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Friday.

Separately, Barclays upped their price target on shares of Sapiens International from $28.00 to $31.00 and gave the company an “underweight” rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $34.25.

Sapiens International Trading Down 0.0%

Shares of SPNS opened at $30.05 on Friday. The company has a market capitalization of $1.68 billion, a PE ratio of 23.12 and a beta of 0.95. Sapiens International has a 12 month low of $23.69 and a 12 month high of $41.22. The stock’s 50-day moving average price is $28.96 and its two-hundred day moving average price is $27.58.

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, topping 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 firm had revenue of $136.11 million during the quarter, compared to analyst estimates of $136.25 million. During the same period last year, the company posted $0.36 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts predict that Sapiens International will post 1.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Sapiens International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Topline Capital Management LLC bought a new stake in shares of Sapiens International during the fourth quarter valued at approximately $24,147,000. Goldman Sachs Group Inc. grew its position in Sapiens International by 227.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 550,343 shares of the technology company’s stock worth $14,909,000 after purchasing an additional 382,138 shares during the period. Nuveen LLC bought a new stake in Sapiens International in the 1st quarter worth approximately $7,044,000. Millennium Management LLC grew its position in Sapiens International by 217.1% in the 1st quarter. Millennium Management LLC now owns 371,368 shares of the technology company’s stock worth $10,060,000 after purchasing an additional 254,259 shares during the period. Finally, Royce & Associates LP grew its position in Sapiens International by 25.9% in the 1st quarter. Royce & Associates LP now owns 1,174,043 shares of the technology company’s stock worth $31,805,000 after purchasing an additional 241,340 shares during the period. Institutional investors own 30.73% of the company’s stock.

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.