Altshuler Shaham Ltd Has $1.05 Million Position in Sapiens International Co. (NASDAQ:SPNS)

Altshuler Shaham Ltd grew its position in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 135.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 38,739 shares of the technology company's stock after buying an additional 22,262 shares during the period. Altshuler Shaham Ltd owned approximately 0.07% of Sapiens International worth $1,048,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. National Bank of Canada FI purchased a new stake in Sapiens International in the third quarter worth $26,000. Blue Trust Inc. grew its stake in Sapiens International by 171.2% during 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 during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Sapiens International in the third quarter worth $231,000. Morgan Dempsey Capital Management LLC boosted its position in 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 purchasing an additional 539 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in Sapiens International during the fourth quarter valued at $245,000. Hedge funds and other institutional investors own 30.73% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on SPNS. Barclays lowered their price target 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. Needham & Company LLC reiterated a "buy" rating and set a $35.00 price target on shares of Sapiens International in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group lowered shares of Sapiens International from a "buy" rating to a "hold" rating and cut their target price for the stock from $36.00 to $28.00 in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Sapiens International has an average rating of "Hold" and an average target price of $33.50.

Sapiens International Stock Performance

Shares of SPNS traded up $0.76 during midday trading on Tuesday, hitting $26.20. 35,276 shares of the stock traded hands, compared to its average volume of 150,327. Sapiens International Co. has a 1-year low of $23.69 and a 1-year high of $41.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.24. The firm has a market capitalization of $1.46 billion, a PE ratio of 20.33 and a beta of 1.10. The business's 50 day moving average price is $26.95 and its two-hundred day moving average price is $28.79.

Sapiens International (NASDAQ:SPNS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The company had revenue of $134.31 million for the quarter, compared to analyst estimates of $135.89 million. Equities research analysts predict that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Sapiens International Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, April 7th were issued a $0.66 dividend. This is an increase from Sapiens International's previous semi-annual dividend of $0.22. This represents a dividend yield of 2.2%. The ex-dividend date was Monday, April 7th. Sapiens International's payout ratio is presently 46.51%.

Sapiens International 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.