Sapiens International Corp. (NASDAQ:SPNS) hit a new 52-week high during trading on Thursday . The stock traded as high as $14.13 and last traded at $14.12, with a volume of 28,592 shares. The stock had previously closed at $13.93.

Several equities research analysts have recently commented on SPNS shares. Roth Capital reiterated a “sell” rating and set a $11.00 price target on shares of Sapiens International Corp. in a research report on Wednesday, May 11th. Zacks Investment Research cut shares of Sapiens International Corp. from a “hold” rating to a “sell” rating in a research report on Friday, June 10th. Finally, Barclays PLC lifted their price target on shares of Sapiens International Corp. from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $13.50.

The stock has a market cap of $683.31 million and a price-to-earnings ratio of 32.69. The firm has a 50-day moving average of $13.00 and a 200-day moving average of $12.07.

Sapiens International Corp. (NASDAQ:SPNS) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The firm had revenue of $53 million for the quarter, compared to the consensus estimate of $50.78 million. During the same period in the prior year, the company earned $0.11 EPS. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, equities research analysts forecast that Sapiens International Corp. will post $0.49 earnings per share for the current fiscal year.

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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