Sapiens International Corp. (NASDAQ:SPNS) shares hit a new 52-week high during trading on Thursday . The company traded as high as $14.13 and last traded at $14.12, with a volume of 28,592 shares trading hands. The stock had previously closed at $13.93.

SPNS has been the topic of a number of recent research reports. Roth Capital restated a “sell” rating and issued a $11.00 target price on shares of Sapiens International Corp. in a research note on Wednesday, May 11th. Barclays PLC boosted their target price 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. Finally, Zacks Investment Research upgraded 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 given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $13.50.

The stock has a 50 day moving average of $12.94 and a 200-day moving average of $12.04. The company has a market capitalization of $691.15 million and a P/E ratio of 33.07.

Sapiens International Corp. (NASDAQ:SPNS) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.13 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.13. During the same period last year, the company earned $0.11 EPS. The company earned $53 million during the quarter, compared to analyst estimates of $50.78 million. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. Analysts expect 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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