9,723 Shares in Sapiens International Co. (NASDAQ:SPNS) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new position in Sapiens International Co. (NASDAQ:SPNS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 9,723 shares of the technology company’s stock, valued at approximately $281,000.

Several other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund lifted its stake in Sapiens International by 42.0% in the 4th quarter. New York State Common Retirement Fund now owns 37,774 shares of the technology company’s stock worth $1,093,000 after purchasing an additional 11,164 shares in the last quarter. Foundry Partners LLC lifted its stake in Sapiens International by 32.8% in the 4th quarter. Foundry Partners LLC now owns 117,044 shares of the technology company’s stock worth $3,387,000 after purchasing an additional 28,938 shares in the last quarter. AlphaQ Advisors LLC purchased a new position in Sapiens International in the 4th quarter worth approximately $389,000. GHP Investment Advisors Inc. lifted its stake in Sapiens International by 21.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 20,828 shares of the technology company’s stock worth $603,000 after purchasing an additional 3,638 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. lifted its stake in Sapiens International by 43.1% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 59,052 shares of the technology company’s stock worth $1,709,000 after purchasing an additional 17,800 shares in the last quarter. 30.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barclays raised their target price on shares of Sapiens International from $28.00 to $30.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 21st. The Goldman Sachs Group lifted their price target on shares of Sapiens International from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sapiens International has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

Sapiens International Stock Up 0.6 %

Shares of NASDAQ SPNS opened at $31.30 on Friday. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 27.95 and a beta of 1.16. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.09. Sapiens International Co. has a 52-week low of $19.91 and a 52-week high of $35.33. The business’s 50 day moving average is $30.82 and its two-hundred day moving average is $28.28.

Sapiens International (NASDAQ:SPNS) last announced its earnings results on Tuesday, February 20th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $130.86 million for the quarter, compared to analyst estimates of $130.85 million. Sapiens International had a return on equity of 16.92% and a net margin of 12.14%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 earnings per share. Research analysts predict that Sapiens International Co. will post 1.37 EPS for the current year.

Sapiens International Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, April 18th. Shareholders of record on Friday, April 5th were paid a $0.28 dividend. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.26. The ex-dividend date of this dividend was Thursday, April 4th. This represents a dividend yield of 1.7%. Sapiens International’s payout ratio is 50.00%.

Sapiens International 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.