Sapiens International Co. (NASDAQ:SPNS) to Issue Dividend Increase – $0.29 Per Share

Sapiens International Co. (NASDAQ:SPNS) announced a Semi-Annual dividend on Thursday, August 15th, Zacks reports. Investors of record on Wednesday, August 28th will be given a dividend of 0.29 per share by the technology company on Thursday, September 12th. This represents a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 28th. This is a boost from Sapiens International’s previous Semi-Annual dividend of $0.28.

Sapiens International has increased its dividend payment by an average of 53.9% annually over the last three years. Sapiens International has a payout ratio of 36.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sapiens International to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 38.7%.

Sapiens International Price Performance

SPNS stock opened at $36.30 on Tuesday. The stock has a 50-day moving average price of $36.15 and a two-hundred day moving average price of $33.22. Sapiens International has a 1 year low of $24.39 and a 1 year high of $41.22. The stock has a market cap of $2.00 billion, a PE ratio of 31.03 and a beta of 1.22. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Sapiens International had a return on equity of 17.60% and a net margin of 12.92%. The business had revenue of $136.80 million during the quarter, compared to the consensus estimate of $137.78 million. During the same period last year, the company earned $0.31 earnings per share. Sapiens International’s quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that Sapiens International will post 1.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Sapiens International from $30.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. StockNews.com upgraded shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 4th. Needham & Company LLC increased their price objective on shares of Sapiens International from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group lifted their target price on Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, August 2nd.

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.