Aptus Capital Advisors LLC Increases Stake in Sapiens International Corporation N.V. $SPNS

Key Points

• Aptus Capital Advisors LLC increased its stake in Sapiens International by 12.7%, acquiring an additional 25,034 shares, bringing its total holdings to 221,579 shares valued at approximately $6 million.
• Several institutional investors significantly raised their stakes in Sapiens International, with Mirae Asset Global Investments increasing its holdings by 2,507.5% during the first quarter.
• Equities analysts have set a consensus rating of "Reduce" for Sapiens International, with a recent price target adjustment from $28.00 to $31.00 by Barclays while other analysts moved to hold ratings.

Aptus Capital Advisors LLC lifted its stake in Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 221,579 shares of the technology company's stock after purchasing an additional 25,034 shares during the quarter. Aptus Capital Advisors LLC owned about 0.40% of Sapiens International worth $6,003,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPNS. Larson Financial Group LLC increased its stake in Sapiens International by 2,216.7% during the first quarter. Larson Financial Group LLC now owns 973 shares of the technology company's stock worth $26,000 after acquiring an additional 931 shares during the last quarter. Quarry LP acquired a new stake in Sapiens International during the fourth quarter worth $37,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Sapiens International by 2,507.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock worth $132,000 after acquiring an additional 4,689 shares during the last quarter. ProShare Advisors LLC increased its stake in Sapiens International by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 8,668 shares of the technology company's stock worth $233,000 after acquiring an additional 2,851 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in Sapiens International during the fourth quarter worth $245,000. Institutional investors and hedge funds own 30.73% of the company's stock.

Sapiens International Trading Up 0.1%

Sapiens International stock traded up $0.06 during midday trading on Friday, reaching $42.77. 957,684 shares of the stock traded hands, compared to its average volume of 1,872,157. The company has a 50-day simple moving average of $31.14 and a two-hundred day simple moving average of $28.75. Sapiens International Corporation N.V. has a 12-month low of $23.69 and a 12-month high of $42.87. The firm has a market cap of $2.39 billion, a PE ratio of 35.06 and a beta of 0.93.

Wall Street Analysts Forecast Growth

SPNS has been the subject of several recent analyst reports. Barclays raised their target price on Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. Needham & Company LLC cut Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 target price for the company. in a research note on Wednesday, August 13th. Finally, Wall Street Zen lowered Sapiens International from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $31.33.

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.