Sapiens International Corporation N.V. (NASDAQ:SPNS) released its quarterly earnings results on Monday. The technology company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03, Morningstar.com reports. The company had revenue of $69.20 million for the quarter, compared to analyst estimates of $66.93 million. Sapiens International Corporation N.V. had a return on equity of 9.11% and a net margin of 5.48%. The firm’s revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share.

Sapiens International Corporation N.V. (SPNS) traded down 0.26% on Tuesday, reaching $11.70. The company’s stock had a trading volume of 9,954 shares. The company has a market capitalization of $573.85 million, a price-to-earnings ratio of 48.75 and a beta of 1.16. Sapiens International Corporation N.V. has a 52 week low of $10.89 and a 52 week high of $15.98. The firm’s 50 day moving average price is $11.52 and its 200-day moving average price is $12.80.

Several research firms have commented on SPNS. Zacks Investment Research raised Sapiens International Corporation N.V. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. TheStreet lowered Sapiens International Corporation N.V. from a “b-” rating to a “c+” rating in a research report on Friday, June 16th. ValuEngine raised Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. William Blair reaffirmed an “outperform” rating on shares of Sapiens International Corporation N.V. in a research report on Monday, May 15th. Finally, Needham & Company LLC cut their price target on Sapiens International Corporation N.V. from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $16.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPNS. Denver Investment Advisors LLC increased its position in Sapiens International Corporation N.V. by 1.0% in the first quarter. Denver Investment Advisors LLC now owns 707,410 shares of the technology company’s stock worth $9,111,000 after buying an additional 7,224 shares in the last quarter. Renaissance Technologies LLC increased its position in Sapiens International Corporation N.V. by 17.7% in the first quarter. Renaissance Technologies LLC now owns 665,300 shares of the technology company’s stock worth $8,569,000 after buying an additional 100,100 shares in the last quarter. State Street Corp increased its position in Sapiens International Corporation N.V. by 9.0% in the fourth quarter. State Street Corp now owns 349,537 shares of the technology company’s stock worth $5,011,000 after buying an additional 28,805 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in Sapiens International Corporation N.V. by 8.1% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 242,932 shares of the technology company’s stock worth $3,129,000 after buying an additional 18,300 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Sapiens International Corporation N.V. during the first quarter worth approximately $2,136,000. 13.20% of the stock is currently owned by institutional investors.

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About Sapiens International Corporation N.V.

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.

Earnings History for Sapiens International Corporation N.V. (NASDAQ:SPNS)

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