Brokerages Set Sapiens International Co. (NASDAQ:SPNS) PT at $34.00

Shares of Sapiens International Co. (NASDAQ:SPNS) have been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $34.00.

A number of equities research analysts have recently commented on the stock. William Blair reiterated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. Needham & Company LLC cut their price target on Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Jefferies Financial Group lowered Sapiens International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $36.00 to $28.00 in a research note on Monday. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Barclays reduced their target price on Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th.

Hedge Funds Weigh In On Sapiens International

Several hedge funds and other institutional investors have recently modified their holdings of SPNS. National Bank of Canada FI purchased a new position in shares of Sapiens International in the 3rd quarter valued at $26,000. Blue Trust Inc. increased its holdings in Sapiens International by 171.2% in the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock valued at $36,000 after purchasing an additional 856 shares in the last quarter. Financial Management Professionals Inc. raised its position in Sapiens International by 57.9% in the third quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock valued at $72,000 after purchasing an additional 713 shares during the period. MQS Management LLC acquired a new position in shares of Sapiens International during the third quarter worth about $230,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Sapiens International in the third quarter worth about $231,000. 30.73% of the stock is owned by institutional investors and hedge funds.

Sapiens International Stock Up 1.3 %

SPNS stock opened at $27.05 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18. Sapiens International has a 12 month low of $25.01 and a 12 month high of $41.22. The firm has a market capitalization of $1.51 billion, a PE ratio of 21.30 and a beta of 1.16. The company’s 50 day simple moving average is $26.96 and its 200-day simple moving average is $32.41.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the firm earned $0.32 earnings per share. Equities analysts expect that Sapiens International will post 1.42 earnings per share for the current fiscal year.

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.