Sapiens International Corporation N.V. $SPNS Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Sapiens International Corporation N.V. (NASDAQ:SPNS) by 73.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 919 shares of the technology company’s stock after acquiring an additional 388 shares during the period. GAMMA Investing LLC’s holdings in Sapiens International were worth $27,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC raised its position in shares of Sapiens International by 2,216.7% during the 1st 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 last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Sapiens International by 2,507.5% during the 1st 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. AQR Capital Management LLC acquired a new position in shares of Sapiens International during the 1st quarter worth about $209,000. State of Wyoming raised its position in shares of Sapiens International by 221.9% during the 1st quarter. State of Wyoming now owns 8,952 shares of the technology company’s stock worth $243,000 after purchasing an additional 6,171 shares during the last quarter. Finally, Foyston Gordon & Payne Inc acquired a new position in shares of Sapiens International during the 1st quarter worth about $255,000. Institutional investors and hedge funds own 30.73% of the company’s stock.

Sapiens International Stock Performance

NASDAQ:SPNS opened at $43.02 on Monday. The company has a 50 day moving average price of $39.26 and a 200 day moving average price of $32.03. Sapiens International Corporation N.V. has a fifty-two week low of $23.69 and a fifty-two week high of $43.18. The stock has a market capitalization of $2.40 billion, a P/E ratio of 35.26 and a beta of 0.92.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SPNS. Wall Street Zen downgraded shares of Sapiens International from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of Sapiens International in a research report on Saturday, September 27th. Finally, Needham & Company LLC downgraded shares of Sapiens International from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $31.33.

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.