Sapiens International Corp. (SPNS) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Sapiens International Corp. (NASDAQ:SPNS) have earned an average recommendation of “Buy” from the six research firms that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $15.00.
SPNS has been the topic of several research analyst reports. Zacks Investment Research upgraded Sapiens International Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. Credit Suisse Group AG initiated coverage on Sapiens International Corp. in a research report on Wednesday. They set an “outperform” rating on the stock. Barclays PLC upped their target price on Sapiens International Corp. from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, August 5th. Finally, Roth Capital restated a “sell” rating on shares of Sapiens International Corp. in a research report on Sunday, July 10th.
A number of hedge funds and other institutional investors have recently bought and sold shares of SPNS. Geode Capital Management LLC increased its position in Sapiens International Corp. by 12.9% in the first quarter. Geode Capital Management LLC now owns 45,635 shares of the company’s stock worth $546,000 after buying an additional 5,207 shares during the period. Avalon Advisors LLC purchased a new position in Sapiens International Corp. during the first quarter worth $405,000. Acadian Asset Management LLC increased its position 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 worth $1,466,000 after buying an additional 428 shares during the period. Bank of Montreal Can purchased a new position in Sapiens International Corp. during the second quarter worth $144,000. Finally, Strs Ohio increased its position in Sapiens International Corp. by 8.5% in the second quarter. Strs Ohio now owns 30,800 shares of the company’s stock worth $360,000 after buying an additional 2,400 shares during the period. 13.02% of the stock is currently owned by institutional investors and hedge funds.
Sapiens International Corp. (NASDAQ:SPNS) traded up 2.09% on Wednesday, reaching $13.65. The company’s stock had a trading volume of 23,203 shares. The company has a market cap of $668.14 million, a P/E ratio of 31.97 and a beta of 0.82. Sapiens International Corp. has a 52-week low of $8.93 and a 52-week high of $14.13. The firm’s 50-day moving average price is $13.27 and its 200 day moving average price is $12.60.
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. Sapiens International Corp. had a return on equity of 12.48% and a net margin of 10.48%. The company had revenue of $53 million for the quarter, compared to analyst estimates of $50.78 million. During the same quarter in the prior year, the company earned $0.11 EPS. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. Equities analysts anticipate that Sapiens International Corp. will post $0.49 EPS for the current fiscal year.
About Sapiens International Corp.
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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