MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.

stated that they own a 15% stake in Sapiens International Co. (NASDAQ:SPNS) in a Schedule 13G disclosure that was filed with the Securities and Exchange Commission (SEC) on Monday, January 22nd. The investor owns 2,536,448 shares of the stock worth approximately $30,589,563. The disclosure is available through EDGAR at this link.

Several other institutional investors have also modified their holdings of SPNS. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Sapiens International in the second quarter worth $12,985,000. Sphera Funds Management LTD. lifted its holdings in Sapiens International by 140.9% in the third quarter. Sphera Funds Management LTD. now owns 354,866 shares of the technology company’s stock valued at $4,650,000 after buying an additional 207,560 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Sapiens International by 93.2% in the second quarter. Goldman Sachs Group Inc. now owns 320,428 shares of the technology company’s stock valued at $3,586,000 after buying an additional 154,555 shares during the period. Susquehanna International Group LLP acquired a new position in Sapiens International in the second quarter valued at $422,000. Finally, Dimensional Fund Advisors LP acquired a new position in Sapiens International in the second quarter valued at $358,000. 9.17% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on SPNS. Zacks Investment Research lowered shares of Sapiens International from a “hold” rating to a “sell” rating in a report on Friday, January 5th. BidaskClub upgraded shares of Sapiens International from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Cowen restated a “buy” rating and issued a $14.00 target price on shares of Sapiens International in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Sapiens International currently has an average rating of “Hold” and an average price target of $15.00.

Sapiens International Co. (NASDAQ:SPNS) opened at $12.06 on Monday. The stock has a market cap of $593.54, a price-to-earnings ratio of 603.30, a P/E/G ratio of 4.64 and a beta of 1.14. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.39. Sapiens International Co. has a fifty-two week low of $10.57 and a fifty-two week high of $15.46.

Sapiens International (NASDAQ:SPNS) last released its earnings results on Thursday, November 9th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Sapiens International had a net margin of 0.38% and a return on equity of 6.84%. equities analysts expect that Sapiens International Co. will post 0.29 EPS for the current year.

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Sapiens International 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.

Institutional Ownership by Quarter for Sapiens International (NASDAQ:SPNS)

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