Sapiens International Corp. (SPNS) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “SAPIENS INTL NV is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Serving as consultants and advisors, Sapiens works with companies to analyze their current systems and develop a blueprint for aligning technology with business goals. The company focuses on delivering innovative solutions that allow companies to build on existing IT assets. “
Several other equities research analysts also recently commented on the company. Barclays PLC raised their target price on Sapiens International Corp. from $14.00 to $15.00 and gave the company an overweight rating in a report on Friday, August 5th. Roth Capital reiterated a sell rating on shares of Sapiens International Corp. in a report on Sunday, July 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $13.50.
Sapiens International Corp. (NASDAQ:SPNS) traded down 0.93% on Thursday, reaching $12.76. 3,810 shares of the company’s stock were exchanged. Sapiens International Corp. has a one year low of $8.93 and a one year high of $14.13. The firm has a 50 day moving average of $13.43 and a 200-day moving average of $12.50. The stock has a market cap of $624.58 million, a price-to-earnings ratio of 29.88 and a beta of 0.82.
Sapiens International Corp. (NASDAQ:SPNS) last announced its earnings results on Thursday, August 4th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $53 million for the quarter, compared to the consensus estimate of $50.78 million. Sapiens International Corp. had a return on equity of 12.48% and a net margin of 10.48%. The company’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. Equities research analysts forecast that Sapiens International Corp. will post $0.49 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Sapiens International Corp. by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 50,155 shares of the company’s stock valued at $587,000 after buying an additional 370 shares in the last quarter. Acadian Asset Management LLC increased its stake in Sapiens International Corp. by 0.3% in the second quarter. Acadian Asset Management LLC now owns 125,206 shares of the company’s stock valued at $1,466,000 after buying an additional 428 shares in the last quarter. Teachers Advisors Inc. increased its stake in Sapiens International Corp. by 7.0% in the second quarter. Teachers Advisors Inc. now owns 36,288 shares of the company’s stock valued at $425,000 after buying an additional 2,377 shares in the last quarter. Strs Ohio increased its stake in Sapiens International Corp. by 8.5% in the second quarter. Strs Ohio now owns 30,800 shares of the company’s stock valued at $360,000 after buying an additional 2,400 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Sapiens International Corp. by 17.1% in the second quarter. Parametric Portfolio Associates LLC now owns 17,202 shares of the company’s stock valued at $201,000 after buying an additional 2,518 shares in the last quarter. Institutional investors own 13.10% of the company’s stock.
Sapiens International Corp. Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sapiens International Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sapiens International Corp. and related companies with MarketBeat.com's FREE daily email newsletter.