Barclays Cuts Sapiens International (NASDAQ:SPNS) Price Target to $30.00

Sapiens International (NASDAQ:SPNS) had its target price decreased by Barclays from $38.00 to $30.00 in a research report released on Tuesday morning,Benzinga reports. Barclays currently has an underweight rating on the technology company’s stock.

SPNS has been the subject of a number of other research reports. Needham & Company LLC lowered their price target on Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday. StockNews.com raised Sapiens International from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, The Goldman Sachs Group lifted their price target on Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd.

Sapiens International Stock Up 0.1 %

Sapiens International stock opened at $28.56 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.16. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 22.49 and a beta of 1.25. Sapiens International has a 1-year low of $25.00 and a 1-year high of $41.22. The business has a fifty day moving average price of $35.93 and a 200-day moving average price of $35.33.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The firm had revenue of $137.00 million for the quarter, compared to analyst estimates of $140.10 million. During the same period in the prior year, the firm posted $0.32 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that Sapiens International will post 1.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Sapiens International

A number of institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sapiens International by 74.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,463 shares of the technology company’s stock valued at $614,000 after purchasing an additional 7,022 shares in the last quarter. FMR LLC increased its stake in shares of Sapiens International by 80.8% in the 3rd quarter. FMR LLC now owns 17,646 shares of the technology company’s stock valued at $658,000 after purchasing an additional 7,887 shares in the last quarter. Zions Bancorporation N.A. increased its stake in shares of Sapiens International by 16.9% in the 3rd quarter. Zions Bancorporation N.A. now owns 58,002 shares of the technology company’s stock valued at $2,162,000 after purchasing an additional 8,404 shares in the last quarter. MQS Management LLC purchased a new position in shares of Sapiens International in the 3rd quarter valued at about $230,000. Finally, Aptus Capital Advisors LLC increased its stake in shares of Sapiens International by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 160,540 shares of the technology company’s stock valued at $5,983,000 after purchasing an additional 21,696 shares in the last quarter. Hedge funds and other institutional investors own 30.73% of the company’s stock.

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.