Cornerstone Investment Partners LLC Buys 4,770 Shares of Sapiens International Co. (NASDAQ:SPNS)

Cornerstone Investment Partners LLC grew its stake in Sapiens International Co. (NASDAQ:SPNS) by 44.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,403 shares of the technology company’s stock after purchasing an additional 4,770 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Sapiens International were worth $414,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPNS. Morgan Dempsey Capital Management LLC grew its position in shares of Sapiens International by 8.8% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock worth $178,000 after buying an additional 539 shares during the period. Principal Financial Group Inc. grew its position in shares of Sapiens International by 6.5% in the 4th quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company’s stock worth $279,000 after buying an additional 633 shares during the period. National Bank of Canada FI purchased a new stake in shares of Sapiens International in the 3rd quarter worth about $26,000. Blue Trust Inc. grew its position in shares of Sapiens International by 171.2% in the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock worth $36,000 after buying an additional 856 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Sapiens International by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,096 shares of the technology company’s stock worth $1,991,000 after buying an additional 874 shares during the period. 30.73% of the stock is currently owned by institutional investors.

Sapiens International Stock Performance

Shares of SPNS stock opened at $27.18 on Tuesday. Sapiens International Co. has a one year low of $25.01 and a one year high of $41.22. The company’s 50-day moving average is $26.73 and its 200 day moving average is $31.21. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 21.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.24.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $134.31 million for the quarter, compared to analysts’ expectations of $135.89 million. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. Sell-side analysts expect that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Jefferies Financial Group downgraded shares of Sapiens International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. StockNews.com downgraded shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $35.00 price objective on shares of Sapiens International in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $33.50.

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.