Zions Bancorporation National Association UT bought 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 filing with the Securities & Exchange Commission. The fund bought 70,314 shares of the technology company's stock, valued at approximately $1,905,000. Zions Bancorporation National Association UT owned about 0.13% of Sapiens International at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPNS. LPL Financial LLC grew its stake in Sapiens International by 17.0% in the fourth quarter. LPL Financial LLC now owns 68,255 shares of the technology company's stock valued at $1,742,000 after purchasing an additional 9,917 shares during the last quarter. Norges Bank purchased a new position in Sapiens International in the fourth quarter valued at about $1,239,000. Franklin Resources Inc. grew its stake in Sapiens International by 103.3% in the fourth quarter. Franklin Resources Inc. now owns 39,734 shares of the technology company's stock valued at $1,068,000 after purchasing an additional 20,194 shares during the last quarter. Geode Capital Management LLC grew its stake in Sapiens International by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 410,133 shares of the technology company's stock valued at $11,020,000 after purchasing an additional 1,185 shares during the last quarter. Finally, Aviva PLC grew its stake in Sapiens International by 21.4% in the fourth quarter. Aviva PLC now owns 21,858 shares of the technology company's stock valued at $587,000 after purchasing an additional 3,849 shares during the last quarter. Hedge funds and other institutional investors own 30.73% of the company's stock.
Sapiens International Price Performance
NASDAQ SPNS traded up $0.03 during trading on Friday, hitting $26.52. The company's stock had a trading volume of 208,967 shares, compared to its average volume of 234,156. The company has a market cap of $1.48 billion, a PE ratio of 20.40 and a beta of 0.93. The business's 50 day simple moving average is $28.97 and its 200-day simple moving average is $27.85. Sapiens International Corporation N.V. has a fifty-two week low of $23.69 and a fifty-two week high of $39.99.
Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its quarterly 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. Sapiens International had a return on equity of 17.30% and a net margin of 13.37%. The business had revenue of $136.11 million during the quarter, compared to the consensus estimate of $136.25 million. During the same quarter last year, the company earned $0.36 earnings per share. The company's quarterly revenue was up 1.4% on a year-over-year basis. Analysts expect that Sapiens International Corporation N.V. will post 1.42 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on SPNS. Barclays raised their price target on Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. Wall Street Zen downgraded Sapiens International from a "buy" rating to a "hold" rating in a report on Friday, July 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $31.33.
View Our Latest Stock Report on Sapiens International
Sapiens International Company Profile
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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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