Sapiens International (NASDAQ:SPNS) Upgraded at StockNews.com

StockNews.com upgraded shares of Sapiens International (NASDAQ:SPNS) from a buy rating to a strong-buy rating in a research note released on Monday morning.

Several other brokerages have also issued reports on SPNS. The Goldman Sachs Group boosted their price objective on shares of Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC boosted their price objective on shares of Sapiens International from $38.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Barclays boosted their price objective on shares of Sapiens International from $30.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 2nd.

Sapiens International Trading Up 1.5 %

Shares of SPNS stock opened at $28.53 on Monday. The company’s 50-day moving average price is $36.07 and its 200-day moving average price is $35.38. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 22.46 and a beta of 1.25. Sapiens International has a twelve month low of $25.00 and a twelve month high of $41.22.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $137.00 million for the quarter, compared to analyst estimates of $140.10 million. Sapiens International had a net margin of 13.23% and a return on equity of 17.81%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. As a group, equities analysts predict that Sapiens International will post 1.42 earnings per share for the current year.

Institutional Trading of Sapiens International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Sapiens International during the second quarter worth approximately $16,616,000. Janus Henderson Group PLC increased its stake in shares of Sapiens International by 155.4% during the first quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company’s stock worth $19,276,000 after buying an additional 364,695 shares during the period. Y.D. More Investments Ltd purchased a new stake in shares of Sapiens International during the second quarter worth approximately $6,915,000. Assenagon Asset Management S.A. purchased a new stake in shares of Sapiens International during the second quarter worth approximately $3,339,000. Finally, Renaissance Technologies LLC increased its stake in shares of Sapiens International by 14.6% during the second quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company’s stock worth $23,106,000 after buying an additional 87,001 shares during the period. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

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.