Sapiens International (NASDAQ:SPNS) Given New $38.00 Price Target at Barclays

Sapiens International (NASDAQ:SPNS) had its price objective hoisted by Barclays from $30.00 to $38.00 in a research note released on Friday morning, Benzinga reports. The firm currently has an underweight rating on the technology company’s stock.

A number of other research firms also recently weighed in on SPNS. Needham & Company LLC raised their price target on shares of Sapiens International from $38.00 to $44.00 and gave the stock a buy rating in a research report on Friday. StockNews.com cut shares of Sapiens International from a strong-buy rating to a buy rating in a research note on Saturday, July 27th.

Sapiens International Stock Performance

Shares of SPNS opened at $34.30 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 1.84. Sapiens International has a 1 year low of $24.39 and a 1 year high of $41.22. The stock has a market capitalization of $1.89 billion, a PE ratio of 29.32 and a beta of 1.22. The stock has a 50-day simple moving average of $35.54 and a 200-day simple moving average of $32.35.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data 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 firm had revenue of $136.80 million for the quarter, compared to analysts’ expectations of $137.78 million. Sapiens International had a net margin of 12.92% and a return on equity of 17.82%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. On average, analysts predict that Sapiens International will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of Sapiens International

Several large investors have recently made changes to their positions in SPNS. Los Angeles Capital Management LLC lifted its stake in Sapiens International by 8.9% in the second quarter. Los Angeles Capital Management LLC now owns 30,024 shares of the technology company’s stock valued at $1,019,000 after buying an additional 2,444 shares during the period. Foundry Partners LLC increased its position in shares of Sapiens International by 5.3% during the 2nd quarter. Foundry Partners LLC now owns 137,142 shares of the technology company’s stock worth $4,653,000 after purchasing an additional 6,932 shares during the last quarter. Aptus Capital Advisors LLC increased its position in shares of Sapiens International by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 138,844 shares of the technology company’s stock worth $4,711,000 after purchasing an additional 27,600 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Sapiens International by 23.6% during the 2nd quarter. Van ECK Associates Corp now owns 12,396 shares of the technology company’s stock worth $421,000 after acquiring an additional 2,364 shares during the last quarter. Finally, Foyston Gordon & Payne Inc increased its holdings in shares of Sapiens International by 8.2% during the 2nd quarter. Foyston Gordon & Payne Inc now owns 7,317 shares of the technology company’s stock worth $248,000 after acquiring an additional 556 shares during the last quarter. Institutional investors own 30.73% of the company’s stock.

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.