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

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

The firm has a market cap of $621.95 million and a price-to-earnings ratio of 31.07. The company’s 50-day moving average is $12.17 and its 200 day moving average is $11.47.

Sapiens International Corp. (NASDAQ:SPNS) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. During the same period in the previous year, the business earned $0.10 earnings per share. The firm earned $49.60 million during the quarter, compared to analysts’ expectations of $48.37 million. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, equities research analysts expect that Sapiens International Corp. will post $0.52 earnings per share for the current year.

A hedge fund recently raised its stake in Sapiens International Corp. stock. Globeflex Capital L P boosted its stake in shares of Sapiens International Corp. (NASDAQ:SPNS) by 430.6% during the fourth quarter, according to its most recent disclosure 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 0.21% of Sapiens International Corp. worth $1,007,000 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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