Point72 Asset Management L.P. Makes New $296,000 Investment in Sapiens International Co. (NASDAQ:SPNS)

Point72 Asset Management L.P. acquired a new position in Sapiens International Co. (NASDAQ:SPNS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,000 shares of the technology company's stock, valued at approximately $296,000.

Several other institutional investors and hedge funds have also bought and sold shares of SPNS. Topline Capital Management LLC purchased a new stake in Sapiens International in the fourth quarter worth about $24,147,000. Royce & Associates LP lifted its holdings in 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 buying an additional 369,947 shares during the period. Nine Ten Capital Management LLC lifted its holdings in 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 buying an additional 155,880 shares during the period. Bank of New York Mellon Corp lifted its holdings in Sapiens International by 100.8% in the fourth quarter. Bank of New York Mellon Corp now owns 153,852 shares of the technology company's stock worth $4,134,000 after buying an additional 77,219 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Sapiens International in the fourth quarter worth about $1,849,000. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Jefferies Financial Group downgraded shares of Sapiens International from a "buy" rating to a "hold" rating and decreased 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 set a $35.00 target price on shares of Sapiens International in a research note on Wednesday, February 19th. Finally, Barclays boosted their target price on shares of Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $34.25.

Sapiens International Stock Performance

Shares of SPNS stock traded up $0.53 during mid-day trading on Tuesday, reaching $28.14. 132,158 shares of the company's stock traded hands, compared to its average volume of 154,795. Sapiens International Co. has a 12 month low of $23.69 and a 12 month high of $41.22. The firm has a 50 day moving average price of $27.14 and a two-hundred day moving average price of $27.20. 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 capitalization of $1.57 billion, a PE ratio of 21.81 and a beta of 0.95.

Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $136.11 million during 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%. Sapiens International's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. On average, research analysts forecast that Sapiens International Co. will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

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

Sapiens International 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.