Trexquant Investment LP Buys New Shares in Sapiens International Corporation N.V. $SPNS

Key Points

• Trexquant Investment LP acquired 29,597 shares of Sapiens International Corporation N.V. valued at approximately $802,000, representing a 0.05% stake in the company.
• Several other institutional investors, including Northern Trust Corp and Jane Street Group LLC, have also increased their holdings in Sapiens International during the last quarter.
• Analysts have downgraded Sapiens International's stock rating from "buy" to "hold," with a consensus price target of $31.33, reflecting a more cautious outlook on the company's performance.

Trexquant Investment LP purchased a new stake in Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 29,597 shares of the technology company's stock, valued at approximately $802,000. Trexquant Investment LP owned 0.05% of Sapiens International at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Sapiens International by 2,507.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock valued at $132,000 after purchasing an additional 4,689 shares during the period. GAMMA Investing LLC increased its stake in shares of Sapiens International by 3,873.8% in the first quarter. GAMMA Investing LLC now owns 14,385 shares of the technology company's stock valued at $390,000 after purchasing an additional 14,023 shares during the period. ProShare Advisors LLC increased its stake in shares of Sapiens International by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 8,668 shares of the technology company's stock valued at $233,000 after purchasing an additional 2,851 shares during the period. Nuveen LLC acquired a new stake in shares of Sapiens International in the first quarter valued at approximately $7,044,000. Finally, Deutsche Bank AG increased its stake in shares of Sapiens International by 15.4% in the fourth quarter. Deutsche Bank AG now owns 67,865 shares of the technology company's stock valued at $1,824,000 after purchasing an additional 9,078 shares during the period. Institutional investors and hedge funds own 30.73% of the company's stock.

Analyst Upgrades and Downgrades

SPNS has been the subject of several recent analyst reports. Needham & Company LLC cut shares of Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 price objective for the company. in a report on Wednesday, August 13th. Wall Street Zen cut shares of Sapiens International from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Sapiens International currently has a consensus rating of "Reduce" and a consensus price target of $31.33.

Sapiens International Stock Performance

Shares of Sapiens International stock remained flat at $43.00 on Friday. 1,750,885 shares of the stock traded hands, compared to its average volume of 880,248. The business has a 50 day simple moving average of $35.31 and a 200-day simple moving average of $30.37. The stock has a market cap of $2.40 billion, a P/E ratio of 35.25 and a beta of 0.95. Sapiens International Corporation N.V. has a twelve month low of $23.69 and a twelve month high of $43.13.

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.