Sapiens International’s (SPNS) “Buy” Rating Reiterated at Needham & Company LLC

Sapiens International (NASDAQ:SPNS)‘s stock had its “buy” rating restated by analysts at Needham & Company LLC in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $35.00 target price on the technology company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 26.72% from the stock’s current price.

SPNS has been the topic of several other reports. William Blair reiterated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. Jefferies Financial Group downgraded shares of Sapiens International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. StockNews.com cut shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Barclays cut their price target on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Sapiens International presently has an average rating of “Hold” and a consensus price target of $33.50.

Sapiens International Price Performance

SPNS stock opened at $27.62 on Wednesday. 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 has a 52-week low of $25.01 and a 52-week high of $41.22. The company has a market capitalization of $1.54 billion, a P/E ratio of 21.75 and a beta of 1.16. The company has a fifty day moving average price of $26.78 and a 200-day moving average price of $31.65.

Sapiens International (NASDAQ:SPNS) last announced its earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. As a group, equities analysts expect that Sapiens International will post 1.42 EPS for the current year.

Institutional Trading of Sapiens International

Several hedge funds have recently modified their holdings of SPNS. National Bank of Canada FI acquired a new stake in Sapiens International in the third quarter worth $26,000. Blue Trust Inc. raised its holdings in shares of Sapiens International by 171.2% during the fourth 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 during the period. Quarry LP bought a new position in shares of Sapiens International during the 4th quarter worth about $37,000. Financial Management Professionals Inc. boosted its position in shares of Sapiens International by 57.9% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock worth $72,000 after purchasing an additional 713 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Sapiens International in the 3rd quarter valued at about $230,000. Institutional investors own 30.73% of the company’s stock.

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.