Sapiens International Corp. (SPNS) Reaches New 12-Month High at $13.47
Sapiens International Corp. (NASDAQ:SPNS)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $13.47 and last traded at $13.21, with a volume of 28,251 shares changing hands. The stock had previously closed at $13.02.
Several equities analysts have commented on SPNS shares. Roth Capital reissued a “sell” rating and issued a $11.00 price target on shares of Sapiens International Corp. in a research report on Wednesday, May 11th. Barclays PLC raised their price target on shares of 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, Zacks Investment Research raised shares of Sapiens International Corp. from a “sell” rating to a “hold” rating in a research report on Saturday, June 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.50.
The stock has a market capitalization of $646.11 million and a price-to-earnings ratio of 30.91. The stock has a 50 day moving average of $12.62 and a 200-day moving average of $11.87.
Sapiens International Corp. (NASDAQ:SPNS) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The firm earned $53 million during the quarter, compared to analyst estimates of $50.78 million. During the same period in the prior year, the firm earned $0.11 EPS. The business’s quarterly revenue was up 15.0% on a year-over-year basis. Equities analysts anticipate 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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