Sapiens International (NASDAQ:SPNS) Stock Price Expected to Rise, Barclays Analyst Says

Sapiens International (NASDAQ:SPNS - Free Report) had its price objective lifted by Barclays from $28.00 to $31.00 in a research report report published on Friday,Benzinga reports. Barclays currently has an underweight rating on the technology company's stock.

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

Sapiens International Stock Down 0.7%

NASDAQ:SPNS traded down $0.20 during mid-day trading on Friday, reaching $28.19. The stock had a trading volume of 144,291 shares, compared to its average volume of 155,359. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.18. The stock has a market cap of $1.58 billion, a P/E ratio of 21.85 and a beta of 0.95. Sapiens International has a fifty-two week low of $23.69 and a fifty-two week high of $41.22. The business's 50 day moving average is $27.05 and its 200 day moving average is $27.89.

Sapiens International (NASDAQ:SPNS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The company had revenue of $136.11 million during the quarter, compared to analysts' expectations of $136.25 million. During the same period in the prior year, the company earned $0.36 earnings per share. The business's quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts predict that Sapiens International will post 1.42 earnings per share for the current year.

Sapiens International Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, April 7th were given a dividend of $0.66 per share. This is a boost 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 dividend payout ratio is currently 46.15%.

Institutional Investors Weigh In On Sapiens International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its stake in Sapiens International by 2,216.7% in the first quarter. Larson Financial Group LLC now owns 973 shares of the technology company's stock valued at $26,000 after purchasing an additional 931 shares in the last quarter. Blue Trust Inc. raised its position in Sapiens International by 171.2% during the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock worth $36,000 after acquiring an additional 856 shares in the last quarter. Quarry LP bought a new position in shares of Sapiens International in the 4th quarter valued at about $37,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Sapiens International by 2,507.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock worth $132,000 after purchasing an additional 4,689 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its holdings 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 valued at $178,000 after purchasing an additional 539 shares during the period. 30.73% of the stock is currently owned by institutional investors and hedge funds.

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.