Renaissance Technologies LLC trimmed its position in Sapiens International Co. (NASDAQ:SPNS) by 6.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 445,800 shares of the technology company’s stock after selling 32,100 shares during the period. Renaissance Technologies LLC’s holdings in Sapiens International were worth $5,136,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kingfisher Capital LLC purchased a new stake in shares of Sapiens International in the fourth quarter worth about $118,000. ARK Investment Management LLC purchased a new stake in shares of Sapiens International in the fourth quarter worth about $213,000. Jane Street Group LLC lifted its holdings in shares of Sapiens International by 58.5% in the third quarter. Jane Street Group LLC now owns 25,690 shares of the technology company’s stock worth $339,000 after buying an additional 9,485 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Sapiens International by 23.2% in the third quarter. Dimensional Fund Advisors LP now owns 39,359 shares of the technology company’s stock worth $520,000 after buying an additional 7,400 shares in the last quarter. 8.57% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages have recently issued reports on SPNS. Zacks Investment Research downgraded shares of Sapiens International from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. BidaskClub raised shares of Sapiens International from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Barclays downgraded shares of Sapiens International from an “overweight” rating to an “equal weight” rating in a report on Friday, February 16th. Finally, William Blair reissued an “outperform” rating on shares of Sapiens International in a report on Thursday, March 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.00.

Shares of Sapiens International stock opened at $8.70 on Tuesday. Sapiens International Co. has a 12-month low of $8.01 and a 12-month high of $14.30. The stock has a market capitalization of $424.61, a PE ratio of 31.59, a PEG ratio of 3.92 and a beta of 1.21. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.39.

Sapiens International (NASDAQ:SPNS) last announced its earnings results on Thursday, March 8th. The technology company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $72.40 million for the quarter, compared to the consensus estimate of $72.09 million. Sapiens International had a net margin of 0.13% and a return on equity of 6.81%. Sapiens International’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. analysts anticipate that Sapiens International Co. will post 0.44 earnings per share for the current year.

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About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, the United Kingdom, other European countries, Israel, and the Asia Pacific. It offers various solutions for life, pension, and annuity providers, including Sapiens ALIS, Sapiens Closed Books, Life Portraits, LifeApply, and LifeSuite.

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

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