Sapiens International (NASDAQ:SPNS) Issues Earnings Results

Sapiens International (NASDAQ:SPNS) posted its earnings results on Thursday. The technology company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01, Briefing.com reports. Sapiens International had a return on equity of 17.82% and a net margin of 12.92%. The company had revenue of $136.80 million for the quarter, compared to the consensus estimate of $137.78 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Sapiens International updated its FY 2024 guidance to EPS.

Sapiens International Stock Performance

Shares of Sapiens International stock traded down $0.42 on Friday, hitting $35.72. The stock had a trading volume of 185,100 shares, compared to its average volume of 232,510. Sapiens International has a 52-week low of $24.39 and a 52-week high of $41.22. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 30.53 and a beta of 1.22. The company’s 50 day moving average price is $35.54 and its 200 day moving average price is $32.28.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Needham & Company LLC lifted their target price on Sapiens International from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Friday. Barclays lifted their price objective on Sapiens International from $30.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday. The Goldman Sachs Group lifted their price objective on Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Friday. Finally, StockNews.com raised Sapiens International from a “buy” rating to a “strong-buy” rating in a research note on Sunday.

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.