Sapiens International (NASDAQ:SPNS) Sets New 12-Month Low – Time to Sell?

Sapiens International Co. (NASDAQ:SPNS)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $25.87 and last traded at $26.14, with a volume of 125640 shares. The stock had previously closed at $26.19.

Analyst Upgrades and Downgrades

SPNS has been the topic of a number of recent analyst reports. William Blair reiterated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. Barclays reduced their target price on Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th. StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Needham & Company LLC decreased their target price on Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $36.00.

Sapiens International Stock Performance

The firm has a market capitalization of $1.46 billion, a PE ratio of 20.58 and a beta of 1.15. 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 business’s 50 day simple moving average is $29.29 and its two-hundred day simple moving average is $33.82.

Sapiens International (NASDAQ:SPNS) last posted its earnings results 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). The firm had revenue of $137.00 million during the quarter, compared to the consensus estimate of $140.10 million. Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. Research analysts expect that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.

Institutional Trading of Sapiens International

Large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its stake in shares of Sapiens International by 7.7% during the 3rd quarter. Franklin Resources Inc. now owns 19,540 shares of the technology company’s stock worth $700,000 after acquiring an additional 1,391 shares during the last quarter. Barclays PLC lifted its position in Sapiens International by 415.1% during the third quarter. Barclays PLC now owns 54,640 shares of the technology company’s stock valued at $2,036,000 after purchasing an additional 44,033 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in Sapiens International during the second quarter valued at about $6,915,000. Bank of New York Mellon Corp increased its position in Sapiens International by 17.5% in the second quarter. Bank of New York Mellon Corp now owns 101,356 shares of the technology company’s stock worth $3,439,000 after buying an additional 15,098 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Sapiens International in the third quarter worth about $231,000. 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.