Cubist Systematic Strategies LLC Cuts Stock Position in Sapiens International Corporation N.V. $SPNS

Cubist Systematic Strategies LLC cut its stake in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 35.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,659 shares of the technology company's stock after selling 24,154 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.08% of Sapiens International worth $1,210,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SPNS. Larson Financial Group LLC raised its stake in Sapiens International by 2,216.7% during the 1st quarter. Larson Financial Group LLC now owns 973 shares of the technology company's stock valued at $26,000 after purchasing an additional 931 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Sapiens International by 2,507.5% during the 1st 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 last quarter. ProShare Advisors LLC boosted its holdings in Sapiens International by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 8,668 shares of the technology company's stock valued at $233,000 after acquiring an additional 2,851 shares during the period. State of Wyoming boosted its holdings in Sapiens International by 221.9% during the 1st quarter. State of Wyoming now owns 8,952 shares of the technology company's stock valued at $243,000 after acquiring an additional 6,171 shares during the period. Finally, Foyston Gordon & Payne Inc purchased a new position in Sapiens International during the 1st quarter valued at $255,000. 30.73% of the stock is currently owned by institutional investors.

Sapiens International Stock Performance

NASDAQ:SPNS remained flat at $43.00 on Friday. The company's stock had a trading volume of 1,750,885 shares, compared to its average volume of 880,248. Sapiens International Corporation N.V. has a 12 month low of $23.69 and a 12 month high of $43.13. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 35.25 and a beta of 0.95. The company has a 50-day moving average of $35.31 and a 200 day moving average of $30.39.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SPNS shares. Wall Street Zen cut Sapiens International from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Needham & Company LLC lowered Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 price objective on the stock. in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Sapiens International presently has an average rating of "Reduce" and an average target price of $31.33.

Sapiens International Company 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.