Sapiens International (NASDAQ:SPNS) Sees Unusually-High Trading Volume – Should You Buy?

Sapiens International Co. (NASDAQ:SPNS) saw an uptick in trading volume on Wednesday . 348,303 shares were traded during mid-day trading, an increase of 58% from the previous session’s volume of 220,127 shares.The stock last traded at $26.11 and had previously closed at $25.69.

Wall Street Analysts Forecast Growth

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

Sapiens International Stock Performance

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’s 50 day moving average price is $27.14 and its two-hundred day moving average price is $33.18. The firm has a market capitalization of $1.47 billion, a PE ratio of 20.75 and a beta of 1.15.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data 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 net margin of 13.23% and a return on equity of 17.61%. The company had revenue of $137.00 million for the quarter, compared to analyst estimates of $140.10 million. During the same period in the previous year, the business earned $0.32 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts expect that Sapiens International Co. will post 1.42 earnings per share for the current year.

Hedge Funds Weigh In On Sapiens International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. increased its holdings 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 buying an additional 1,391 shares during the last quarter. Barclays PLC raised its holdings in shares of Sapiens International by 415.1% in the 3rd quarter. Barclays PLC now owns 54,640 shares of the technology company’s stock worth $2,036,000 after purchasing an additional 44,033 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Sapiens International by 22.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 177,878 shares of the technology company’s stock worth $6,630,000 after purchasing an additional 32,780 shares during the period. HighTower Advisors LLC purchased a new position in Sapiens International in the third quarter valued at approximately $231,000. Finally, SG Americas Securities LLC purchased a new stake in Sapiens International during the third quarter worth approximately $584,000. Institutional investors and hedge funds 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.