National Bank of Canada FI Makes New $26,000 Investment in Sapiens International Co. (NASDAQ:SPNS)

National Bank of Canada FI purchased a new position in Sapiens International Co. (NASDAQ:SPNS) during the third quarter, Holdings Channel.com reports. The firm purchased 707 shares of the technology company’s stock, valued at approximately $26,000.

A number of other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in Sapiens International by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,036,915 shares of the technology company’s stock valued at $35,183,000 after acquiring an additional 25,623 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Sapiens International by 14.6% in the 2nd quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company’s stock valued at $23,106,000 after purchasing an additional 87,001 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Sapiens International by 0.3% in the third quarter. Janus Henderson Group PLC now owns 603,429 shares of the technology company’s stock worth $22,490,000 after purchasing an additional 1,679 shares in the last quarter. Wellington Management Group LLP increased its position in Sapiens International by 14.6% during the third quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company’s stock worth $22,159,000 after buying an additional 75,866 shares during the last quarter. Finally, Y.D. More Investments Ltd bought a new position in Sapiens International during the second quarter valued at about $6,915,000. 30.73% of the stock is owned by institutional investors and hedge funds.

Sapiens International Price Performance

NASDAQ SPNS opened at $27.78 on Thursday. The stock has a 50-day simple moving average of $32.18 and a 200 day simple moving average of $34.50. Sapiens International Co. has a twelve month low of $26.34 and a twelve month high of $41.22. The stock has a market capitalization of $1.55 billion, a PE ratio of 21.87 and a beta of 1.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.18.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data 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). Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The business had revenue of $137.00 million during the quarter, compared to the consensus estimate of $140.10 million. During the same period in the prior year, the company posted $0.32 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. Research analysts anticipate that Sapiens International Co. will post 1.42 EPS for the current year.

Wall Street Analysts Forecast Growth

SPNS has been the subject of several recent analyst reports. Barclays decreased their price target on Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a research note on Tuesday, November 12th. Needham & Company LLC decreased their target price on Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, William Blair restated a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Sapiens International currently has a consensus rating of “Hold” and an average price target of $36.00.

Sapiens International Company Profile

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.