Sapiens International Corporation N.V. (NASDAQ:SPNS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

According to Zacks, “SAPIENS INTL NV is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Serving as consultants and advisors, Sapiens works with companies to analyze their current systems and develop a blueprint for aligning technology with business goals. The company focuses on delivering innovative solutions that allow companies to build on existing IT assets. “

A number of other research analysts have also recently commented on SPNS. TheStreet cut Sapiens International Corporation N.V. from a “b-” rating to a “c+” rating in a research note on Friday, June 16th. ValuEngine upgraded Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. William Blair reiterated an “outperform” rating on shares of Sapiens International Corporation N.V. in a research note on Monday, May 15th. Finally, Needham & Company LLC dropped their price target on Sapiens International Corporation N.V. from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Sapiens International Corporation N.V. presently has an average rating of “Buy” and a consensus price target of $16.00.

Shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) opened at 11.06 on Friday. The firm has a market cap of $543.31 million, a price-to-earnings ratio of 181.31 and a beta of 1.16. The firm has a 50-day moving average price of $11.42 and a 200-day moving average price of $12.69. Sapiens International Corporation N.V. has a 12-month low of $10.86 and a 12-month high of $15.98.

Sapiens International Corporation N.V. (NASDAQ:SPNS) last announced its quarterly earnings results on Monday, August 7th. The technology company reported $0.03 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.03. Sapiens International Corporation N.V. had a return on equity of 6.77% and a net margin of 1.39%. The company had revenue of $69.20 million during the quarter, compared to analysts’ expectations of $66.93 million. During the same period in the prior year, the company earned $0.13 EPS. Sapiens International Corporation N.V.’s revenue was up 30.6% compared to the same quarter last year. Equities research analysts anticipate that Sapiens International Corporation N.V. will post $0.36 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in SPNS. Westwood Management Corp IL bought a new position in shares of Sapiens International Corporation N.V. during the first quarter valued at about $129,000. Airain ltd bought a new position in shares of Sapiens International Corporation N.V. during the second quarter valued at about $123,000. American International Group Inc. raised its position in shares of Sapiens International Corporation N.V. by 7.1% in the first quarter. American International Group Inc. now owns 14,962 shares of the technology company’s stock valued at $193,000 after buying an additional 997 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Sapiens International Corporation N.V. during the first quarter valued at about $281,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of Sapiens International Corporation N.V. during the second quarter valued at about $358,000. 13.20% of the stock is owned by institutional investors and hedge funds.

Sapiens International Corporation N.V. Company Profile

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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