Confluence Investment Management LLC Decreases Stock Holdings in Sapiens International Co. (NASDAQ:SPNS)

Confluence Investment Management LLC reduced its position in shares of Sapiens International Co. (NASDAQ:SPNS) by 3.4% in the fourth quarter, Holdings Channel reports. The fund owned 104,749 shares of the technology company’s stock after selling 3,668 shares during the quarter. Confluence Investment Management LLC’s holdings in Sapiens International were worth $2,815,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Sapiens International by 7.7% during the third quarter. Franklin Resources Inc. now owns 19,540 shares of the technology company’s stock valued at $700,000 after purchasing an additional 1,391 shares during the last quarter. Barclays PLC raised its position in shares of Sapiens International by 415.1% during the 3rd quarter. Barclays PLC now owns 54,640 shares of the technology company’s stock valued at $2,036,000 after buying an additional 44,033 shares in the last quarter. Y.D. More Investments Ltd bought a new position in shares of Sapiens International in the 2nd quarter valued at about $6,915,000. Bank of New York Mellon Corp grew its position in Sapiens International by 17.5% in the second quarter. Bank of New York Mellon Corp now owns 101,356 shares of the technology company’s stock worth $3,439,000 after acquiring an additional 15,098 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in Sapiens International during the third quarter worth approximately $231,000. 30.73% of the stock is owned by hedge funds and other institutional investors.

Sapiens International Stock Performance

Shares of Sapiens International stock opened at $26.09 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average is $29.94 and its two-hundred day moving average is $33.97. Sapiens International Co. has a 52 week low of $26.09 and a 52 week high of $41.22. The company has a market capitalization of $1.46 billion, a PE ratio of 20.54 and a beta of 1.15.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SPNS shares. StockNews.com lowered Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Needham & Company LLC lowered their price target 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. William Blair reiterated a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. Finally, Barclays lowered their target price on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.