Cubist Systematic Strategies LLC Invests $1.85 Million in Sapiens International Co. (NASDAQ:SPNS)

Cubist Systematic Strategies LLC acquired a new position in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 68,813 shares of the technology company's stock, valued at approximately $1,849,000. Cubist Systematic Strategies LLC owned 0.12% of Sapiens International at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Sapiens International by 3.1% during 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 during the last quarter. Nine Ten Capital Management LLC boosted its position in Sapiens International by 17.0% during the fourth quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company's stock worth $28,866,000 after purchasing an additional 155,880 shares during the period. Royce & Associates LP boosted its position in Sapiens International by 65.7% during the fourth quarter. Royce & Associates LP now owns 932,703 shares of the technology company's stock worth $25,062,000 after purchasing an additional 369,947 shares during the period. Topline Capital Management LLC acquired a new position in shares of Sapiens International during the 4th quarter worth about $24,147,000. Finally, Wellington Management Group LLP lifted its position in shares of Sapiens International by 10.9% during the 4th 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 last quarter. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Sapiens International Stock Down 0.3%

SPNS opened at $28.30 on Tuesday. Sapiens International Co. has a fifty-two week low of $23.69 and a fifty-two week high of $41.22. 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 firm's fifty day moving average price is $27.04 and its two-hundred day moving average price is $27.89. The company has a market capitalization of $1.58 billion, a P/E ratio of 21.94 and a beta of 0.95.

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

Sapiens International Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, April 7th were given a dividend of $0.66 per share. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, April 7th. This is an increase from Sapiens International's previous semi-annual dividend of $0.22. Sapiens International's dividend payout ratio (DPR) is 46.15%.

Wall Street Analysts Forecast Growth

SPNS has been the subject of several research analyst reports. Jefferies Financial Group cut Sapiens International from a "buy" rating to a "hold" rating and cut their price objective for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. Barclays boosted their price objective on Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a research report on Friday. 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $34.25.

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.

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