Sapiens International Corp. (NASDAQ:SPNS) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.47 and last traded at $13.21, with a volume of 28,251 shares. The stock had previously closed at $13.02.

A number of equities research analysts have issued reports on the stock. Barclays PLC increased their target price 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. Roth Capital reiterated a “sell” rating on shares of Sapiens International Corp. in a research report on Sunday, July 10th. Finally, Zacks Investment Research upgraded shares of Sapiens International Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, June 18th. 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. Sapiens International Corp. has an average rating of “Hold” and a consensus target price of $13.50.

The company has a 50-day moving average of $12.51 and a 200 day moving average of $11.84. The firm has a market cap of $643.25 million and a P/E ratio of 30.7761.

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