Brokerages Set Sapiens International Corporation N.V. (NASDAQ:SPNS) Target Price at $31.33

Shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) have been given an average rating of “Reduce” by the five brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $31.3333.

Several research firms have commented on SPNS. Weiss Ratings reiterated a “hold (c)” rating on shares of Sapiens International in a report on Saturday, September 27th. Needham & Company LLC downgraded shares of Sapiens International from a “buy” rating to a “hold” rating and set a $35.00 target price for the company. in a research note on Wednesday, August 13th. Finally, Wall Street Zen downgraded Sapiens International from a “buy” rating to a “hold” rating in a report on Friday, July 18th.

Hedge Funds Weigh In On Sapiens International

Several hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its holdings in Sapiens International by 2,216.7% during 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 in the last quarter. GAMMA Investing LLC raised its stake in Sapiens International by 73.1% during the 2nd quarter. GAMMA Investing LLC now owns 919 shares of the technology company’s stock worth $27,000 after acquiring an additional 388 shares in the last quarter. CWM LLC lifted its position in Sapiens International by 262.5% in the second quarter. CWM LLC now owns 1,526 shares of the technology company’s stock valued at $45,000 after acquiring an additional 1,105 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Sapiens International by 333.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,975 shares of the technology company’s stock valued at $116,000 after acquiring an additional 3,058 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Sapiens International by 2,507.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company’s stock worth $132,000 after purchasing an additional 4,689 shares during the last quarter. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Sapiens International Trading Up 0.0%

NASDAQ:SPNS opened at $43.02 on Friday. Sapiens International has a 12-month low of $23.69 and a 12-month high of $43.18. The firm has a market cap of $2.40 billion, a PE ratio of 35.26 and a beta of 0.92. The stock has a fifty day moving average price of $39.26 and a 200 day moving average price of $32.03.

About Sapiens International

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.