Sapiens International Corp. (SPNS) Shares Up 2.1%
Sapiens International Corp. (NASDAQ:SPNS) shares shot up 2.1% during mid-day trading on Friday . The company traded as high as $14.11 and last traded at $13.85, with a volume of 53,127 shares trading hands. The stock had previously closed at $13.57.
A number of brokerages recently issued reports on SPNS. Roth Capital reiterated a “sell” rating on shares of Sapiens International Corp. in a research note on Sunday, July 10th. Zacks Investment Research upgraded Sapiens International Corp. from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Barclays PLC boosted their price objective on Sapiens International Corp. from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $13.50.
The firm has a 50-day moving average of $12.73 and a 200-day moving average of $11.91. The firm has a market capitalization of $677.44 million and a price-to-earnings ratio of 32.41.
Sapiens International Corp. (NASDAQ:SPNS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The firm earned $53 million during the quarter, compared to analysts’ expectations of $50.78 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. Analysts anticipate that Sapiens International Corp. will post $0.49 earnings per share for the current fiscal 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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