Sapiens International (NASDAQ:SPNS) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Sapiens International (NASDAQ:SPNS) from a buy rating to a strong-buy rating in a report released on Sunday morning.

SPNS has been the topic of several other research reports. Needham & Company LLC upped 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. The Goldman Sachs Group increased their price objective on Sapiens International from $38.00 to $43.00 and gave the company a buy rating in a report on Friday. Finally, Barclays boosted their target price on Sapiens International from $30.00 to $38.00 and gave the stock an underweight rating in a research report on Friday.

Sapiens International Stock Performance

SPNS stock traded down $1.42 during trading on Friday, hitting $34.30. 216,455 shares of the company’s stock traded hands, compared to its average volume of 140,616. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 29.09 and a beta of 1.22. The stock has a fifty day moving average price of $35.54 and a two-hundred day moving average price of $32.35. Sapiens International has a 52 week low of $24.39 and a 52 week high of $41.22. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Thursday, August 1st. The technology company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $136.80 million during the quarter, compared to analyst estimates of $137.78 million. Sapiens International had a return on equity of 17.82% and a net margin of 12.92%. Sapiens International’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. As a group, equities analysts anticipate that Sapiens International will post 1.43 EPS for the current fiscal year.

Institutional Trading of Sapiens International

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Sapiens International by 8.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,295,832 shares of the technology company’s stock worth $36,841,000 after buying an additional 106,358 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Sapiens International by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,006,523 shares of the technology company’s stock worth $29,130,000 after acquiring an additional 44,685 shares in the last quarter. Acadian Asset Management LLC grew its position in Sapiens International by 9.1% in the first quarter. Acadian Asset Management LLC now owns 954,791 shares of the technology company’s stock worth $30,687,000 after acquiring an additional 79,302 shares in the last quarter. Janus Henderson Group PLC grew its position in Sapiens International by 155.4% in the first quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company’s stock worth $19,276,000 after acquiring an additional 364,695 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Sapiens International in the second quarter worth about $16,616,000. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

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.