Shares of Sapiens International Corp. (NASDAQ:SPNS) gapped up prior to trading on Monday . The stock had previously closed at $12.85, but opened at $12.87. Sapiens International Corp. shares last traded at $13.03, with a volume of 11,709 shares trading hands.

Several analysts have recently weighed in on SPNS shares. Zacks Investment Research raised shares of Sapiens International Corp. from a “sell” rating to a “hold” rating in a report on Saturday, June 18th. Roth Capital reaffirmed a “sell” rating and issued a $11.00 target price on shares of Sapiens International Corp. in a report on Wednesday, May 11th.

The stock has a market cap of $634.16 million and a price-to-earnings ratio of 31.68. The firm’s 50 day moving average is $12.22 and its 200 day moving average is $11.52.

Sapiens International Corp. (NASDAQ:SPNS) last posted its quarterly earnings results on Tuesday, May 10th. The company reported $0.12 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.12. The business had revenue of $49.60 million for the quarter, compared to analyst estimates of $48.37 million. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. On average, analysts expect that Sapiens International Corp. will post $0.52 EPS for the current year.

An institutional investor recently raised its position in Sapiens International Corp. stock. Globeflex Capital L P raised its position in Sapiens International Corp. (NASDAQ:SPNS) by 430.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,699 shares of the company’s stock after buying an additional 80,099 shares during the period. Globeflex Capital L P owned about 0.21% of Sapiens International Corp. worth $1,007,000 at the end of the most recent reporting period.

Sapiens International Corporation N.V. (Sapiens) is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. Its software solutions portfolio consists of Life, Pension, Annuity and Retirement Solutions, including software solutions for the management of a range of products for life, pension, annuity and retirement; Property and Casualty/General Insurance Solutions, including a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts; Sapiens DECISION, which is a business decision management solution, and Technology-Based Solutions, such as Sapiens eMerge.

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