ExodusPoint Capital Management LP Sells 31,685 Shares of Sapiens International Co. (NASDAQ:SPNS)

ExodusPoint Capital Management LP reduced its position in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 52.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,364 shares of the technology company's stock after selling 31,685 shares during the period. ExodusPoint Capital Management LP owned approximately 0.05% of Sapiens International worth $762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. National Bank of Canada FI purchased a new position in Sapiens International in the third quarter worth about $26,000. Blue Trust Inc. boosted its holdings in shares of Sapiens International by 171.2% in the fourth 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 last quarter. Morgan Dempsey Capital Management LLC grew its position in Sapiens International by 8.8% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company's stock valued at $178,000 after buying an additional 539 shares during the period. HighTower Advisors LLC increased its holdings in Sapiens International by 28.6% during the fourth quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company's stock valued at $218,000 after buying an additional 1,801 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Sapiens International in the fourth quarter worth approximately $262,000. Institutional investors own 30.73% of the company's stock.

Sapiens International Price Performance

Shares of SPNS stock traded up $0.04 on Thursday, hitting $26.07. 42,089 shares of the stock traded hands, compared to its average volume of 150,593. Sapiens International Co. has a 52 week low of $23.69 and a 52 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 has a market cap of $1.46 billion, a price-to-earnings ratio of 20.21 and a beta of 1.10. The firm has a 50 day simple moving average of $26.99 and a two-hundred day simple moving average of $29.12.

Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $134.31 million during the quarter, compared to the consensus estimate of $135.89 million. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. As a group, equities research analysts predict that Sapiens International Co. will post 1.42 earnings per share for the current fiscal 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 positive change from Sapiens International's previous semi-annual dividend of $0.22. The ex-dividend date was Monday, April 7th. This represents a dividend yield of 2.2%. Sapiens International's dividend payout ratio (DPR) is presently 46.51%.

Analyst Ratings Changes

SPNS has been the subject of a number of recent research reports. Jefferies Financial Group downgraded shares of Sapiens International from a "buy" rating to a "hold" rating and cut their price objective for the company from $36.00 to $28.00 in a research report on Monday, February 3rd. Needham & Company LLC reiterated a "buy" rating and set a $35.00 target price on shares of Sapiens International in a research report on Wednesday, February 19th. Finally, Barclays reduced their price target on Sapiens International from $30.00 to $28.00 and set an "underweight" rating for the company in a research report on Wednesday, February 19th. One investment 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $33.50.

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.