Sapiens International Corp. (NASDAQ:SPNS) reached a new 52-week high during trading on Wednesday . The company traded as high as $13.07 and last traded at $13.04, with a volume of 38,786 shares. The stock had previously closed at $12.61.

SPNS has been the topic of a number of research reports. 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 on shares of Sapiens International Corp. in a report on Sunday, July 10th.

The firm has a market cap of $629.77 million and a price-to-earnings ratio of 31.46. The stock’s 50 day moving average price is $12.13 and its 200 day moving average price is $11.45.

Sapiens International Corp. (NASDAQ:SPNS) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $49.60 million for the quarter, compared to the consensus estimate of $48.37 million. The company’s revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. Equities analysts forecast that Sapiens International Corp. will post $0.52 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Sapiens International Corp. stock. Morgan Stanley increased its stake in Sapiens International Corp. (NASDAQ:SPNS) by 66.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 152,615 shares of the company’s stock after buying an additional 61,177 shares during the period. Morgan Stanley owned about 0.32% of Sapiens International Corp. worth $1,557,000 at the end of the most recent quarter.

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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