Sapiens International Co. (NASDAQ:SPNS) Shares Purchased by Torray Investment Partners LLC

Torray Investment Partners LLC increased its stake in Sapiens International Co. (NASDAQ:SPNS) by 8.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,444 shares of the technology company’s stock after purchasing an additional 3,782 shares during the period. Torray Investment Partners LLC’s holdings in Sapiens International were worth $1,678,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Foyston Gordon & Payne Inc lifted its stake in shares of Sapiens International by 8.2% during the second quarter. Foyston Gordon & Payne Inc now owns 7,317 shares of the technology company’s stock worth $248,000 after buying an additional 556 shares during the period. Summit Securities Group LLC acquired a new stake in Sapiens International during the 2nd quarter worth about $34,000. Financial Management Professionals Inc. purchased a new stake in Sapiens International during the 1st quarter valued at about $40,000. State Board of Administration of Florida Retirement System increased its holdings in shares of Sapiens International by 1.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 74,258 shares of the technology company’s stock valued at $2,388,000 after purchasing an additional 1,361 shares during the period. Finally, Psagot Value Holdings Ltd. Israel purchased a new position in shares of Sapiens International in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Sapiens International Stock Performance

Sapiens International stock traded down $0.54 during mid-day trading on Friday, hitting $34.89. The company had a trading volume of 58,611 shares, compared to its average volume of 89,530. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 29.82 and a beta of 1.25. The company’s fifty day moving average is $36.54 and its 200-day moving average is $33.60. Sapiens International Co. has a 12-month low of $24.39 and a 12-month high of $41.22.

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

Sapiens International Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, September 12th. Investors of record on Wednesday, August 28th will be issued a $0.29 dividend. This is a boost from Sapiens International’s previous Semi-Annual dividend of $0.28. The ex-dividend date is Wednesday, August 28th. This represents a yield of 1.6%. Sapiens International’s dividend payout ratio is presently 49.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. The Goldman Sachs Group upped 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. StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. Needham & Company LLC raised their target price on shares of Sapiens International from $38.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Barclays upped their price target 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.

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.