Sapiens International (NASDAQ:SPNS) Rating Lowered to Hold at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Sapiens International (NASDAQ:SPNS) from a buy rating to a hold rating in a research note released on Monday morning, MarketBeat.com reports. The firm currently has $28.00 price objective on the technology company’s stock, down from their prior price objective of $36.00.

Other equities analysts have also issued research reports about the company. William Blair reissued a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. Needham & Company LLC reduced their price target on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. StockNews.com cut shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Barclays reduced their target price on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.00.

Sapiens International Stock Down 3.9 %

Shares of SPNS opened at $26.30 on Monday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.47 billion, a P/E ratio of 20.71 and a beta of 1.16. The company’s 50-day moving average price is $26.98 and its 200 day moving average price is $32.54. Sapiens International has a 12-month low of $25.01 and a 12-month high of $41.22.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $137.00 million during the quarter, compared to analyst estimates of $140.10 million. Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, sell-side analysts forecast that Sapiens International will post 1.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Sapiens International by 6.5% in the 4th quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company’s stock valued at $279,000 after purchasing an additional 633 shares in the last quarter. Blue Trust Inc. raised its stake in Sapiens International by 171.2% in the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock valued at $36,000 after buying an additional 856 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in Sapiens International by 13.9% during the 4th quarter. Y.D. More Investments Ltd now owns 234,297 shares of the technology company’s stock worth $6,338,000 after buying an additional 28,512 shares during the last quarter. Annex Advisory Services LLC boosted its position in shares of Sapiens International by 47.2% during the 4th quarter. Annex Advisory Services LLC now owns 72,491 shares of the technology company’s stock worth $1,948,000 after acquiring an additional 23,249 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Sapiens International by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 177,878 shares of the technology company’s stock valued at $6,630,000 after acquiring an additional 32,780 shares during the last quarter. Hedge funds and other institutional investors own 30.73% of the company’s stock.

About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.