Sapiens International (NASDAQ:SPNS) Downgraded by StockNews.com to Buy

StockNews.com downgraded shares of Sapiens International (NASDAQ:SPNS) from a strong-buy rating to a buy rating in a research note issued to investors on Tuesday morning.

A number of other analysts have also weighed in on the stock. Barclays reduced their price objective on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. The Goldman Sachs Group upped their target price on shares of Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC dropped their target price on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th.

Sapiens International Stock Up 0.7 %

Shares of NASDAQ SPNS opened at $27.73 on Tuesday. The firm’s 50-day moving average price is $35.15 and its 200-day moving average price is $35.21. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 22.22 and a beta of 1.25. Sapiens International has a 12-month low of $25.30 and a 12-month high of $41.22.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 earnings per share 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 during the quarter, compared to analysts’ expectations of $140.10 million. During the same period last year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Sapiens International will post 1.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Sapiens International

Hedge funds and other institutional investors have recently modified their holdings of the business. National Bank of Canada FI bought a new position in shares of Sapiens International during the third quarter valued at approximately $26,000. Summit Securities Group LLC bought a new position in shares of Sapiens International during the second quarter valued at approximately $34,000. Financial Management Professionals Inc. boosted its stake in shares of Sapiens International by 57.9% during the third quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock valued at $72,000 after purchasing an additional 713 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its stake in shares of Sapiens International by 9.5% during the second quarter. Morgan Dempsey Capital Management LLC now owns 4,206 shares of the technology company’s stock valued at $143,000 after purchasing an additional 365 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Sapiens International during the first quarter valued at approximately $192,000. 30.73% of the stock is currently owned by 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.