Sapiens International (NASDAQ:SPNS) Price Target Raised to $31.00

Sapiens International (NASDAQ:SPNS - Free Report) had its price target raised by Barclays from $28.00 to $31.00 in a research note released on Friday,Benzinga reports. They currently have an underweight rating on the technology company's stock.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group downgraded shares of Sapiens International from a "buy" rating to a "hold" rating and dropped their price objective for the company from $36.00 to $28.00 in a report on Monday, February 3rd. Needham & Company LLC reissued a "buy" rating and issued a $35.00 price target on shares of Sapiens International in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $34.25.

Sapiens International Stock Performance

SPNS stock traded up $0.09 during mid-day trading on Friday, hitting $28.39. The company had a trading volume of 144,161 shares, compared to its average volume of 155,163. 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 cap of $1.59 billion, a PE ratio of 22.01 and a beta of 0.95. Sapiens International has a 12 month low of $23.69 and a 12 month high of $41.22. The stock's fifty day moving average price is $27.04 and its two-hundred day moving average price is $27.89.

Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The business had revenue of $136.11 million for the quarter, compared to the consensus estimate of $136.25 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. Sapiens International's revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts forecast that Sapiens International will post 1.42 earnings per share for the current fiscal year.

Sapiens International Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th were issued a dividend of $0.66 per share. This represents a yield of 2.2%. The ex-dividend date was Monday, April 7th. This is a positive change from Sapiens International's previous semi-annual dividend of $0.22. Sapiens International's payout ratio is presently 46.15%.

Institutional Investors Weigh In On Sapiens International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP boosted its position in shares of Sapiens International by 25.9% in the first quarter. Royce & Associates LP now owns 1,174,043 shares of the technology company's stock valued at $31,805,000 after acquiring an additional 241,340 shares during the period. Dimensional Fund Advisors LP lifted its stake in Sapiens International by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,077,821 shares of the technology company's stock worth $28,961,000 after purchasing an additional 32,126 shares in the last quarter. Nine Ten Capital Management LLC boosted its holdings in Sapiens International by 17.0% in the 4th quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company's stock valued at $28,866,000 after purchasing an additional 155,880 shares during the period. Topline Capital Management LLC purchased a new position in shares of Sapiens International during the 4th quarter valued at $24,147,000. Finally, Wellington Management Group LLP increased its holdings in shares of Sapiens International by 10.9% in the fourth quarter. Wellington Management Group LLP now owns 659,524 shares of the technology company's stock worth $17,721,000 after purchasing an additional 64,972 shares during the period. 30.73% of the stock is currently owned by institutional investors.

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.