Point72 Asset Management L.P. purchased a new stake in Sapiens International Co. (NASDAQ:SPNS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,000 shares of the technology company's stock, valued at approximately $296,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Sapiens International by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,077,821 shares of the technology company's stock valued at $28,961,000 after buying an additional 32,126 shares during the period. Nine Ten Capital Management LLC lifted its position in shares of Sapiens International by 17.0% in 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 in the last quarter. Royce & Associates LP lifted its position in shares of Sapiens International by 65.7% in 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 in the last quarter. Topline Capital Management LLC bought a new stake in shares of Sapiens International in the fourth quarter worth $24,147,000. Finally, Wellington Management Group LLP lifted its position 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 in the last quarter. Institutional investors and hedge funds own 30.73% of the company's stock.
Sapiens International Stock Performance
SPNS stock traded up $0.35 during trading hours on Thursday, reaching $28.49. The stock had a trading volume of 57,169 shares, compared to its average volume of 154,636. The stock has a market capitalization of $1.59 billion, a PE ratio of 22.10 and a beta of 0.95. 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 50-day simple moving average of $27.18 and a 200 day simple moving average of $27.21. Sapiens International Co. has a fifty-two week low of $23.69 and a fifty-two week high of $41.22.
Sapiens International (NASDAQ:SPNS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. The firm had revenue of $136.11 million during the quarter, compared to analysts' expectations of $136.25 million. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 earnings per share. Analysts predict that Sapiens International Co. will post 1.42 EPS for the current fiscal year.
Sapiens International Increases Dividend
The company also recently declared a semi-annual dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th were paid a $0.66 dividend. The ex-dividend date of this dividend was Monday, April 7th. This represents a yield of 2.2%. This is a boost from Sapiens International's previous semi-annual dividend of $0.22. Sapiens International's dividend payout ratio (DPR) is currently 46.15%.
Analyst Ratings Changes
SPNS has been the topic of a number of research reports. Needham & Company LLC reissued a "buy" rating and issued a $35.00 price objective on shares of Sapiens International in a research report on Wednesday, February 19th. Jefferies Financial Group lowered shares of 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. Finally, Barclays boosted their price objective on shares of Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. One investment 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. Based on data from MarketBeat.com, Sapiens International presently has a consensus rating of "Hold" and a consensus target price of $34.25.
Read Our Latest Analysis on Sapiens International
About Sapiens International
(
Free Report)
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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