Sapiens International Corporation N.V. $SPNS Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG has reduced its stake in Sapiens International Corporation N.V. by 65.8%, now holding shares valued at $628,000.
• Several hedge funds have significantly increased their stakes in Sapiens International, including Larson Financial Group LLC with a 2,216.7% increase in the 1st quarter.
• Sapiens International stock has a current price of $42.81, with analysts mostly rating it as a "hold" and establishing an average price target of $31.33.

Deutsche Bank AG lessened its stake in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 65.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,195 shares of the technology company's stock after selling 44,670 shares during the period. Deutsche Bank AG's holdings in Sapiens International were worth $628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SPNS. Larson Financial Group LLC raised its holdings in Sapiens International by 2,216.7% in the 1st quarter. Larson Financial Group LLC now owns 973 shares of the technology company's stock valued at $26,000 after buying an additional 931 shares during the period. Quarry LP purchased a new stake in Sapiens International in the 4th quarter valued at about $37,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Sapiens International by 2,507.5% in 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 buying an additional 4,689 shares during the period. ProShare Advisors LLC raised its holdings in Sapiens International by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 8,668 shares of the technology company's stock valued at $233,000 after buying an additional 2,851 shares during the period. Finally, Two Sigma Investments LP raised its holdings in Sapiens International by 34.8% in the 4th quarter. Two Sigma Investments LP now owns 10,046 shares of the technology company's stock valued at $270,000 after buying an additional 2,594 shares during the period. Hedge funds and other institutional investors own 30.73% of the company's stock.

Sapiens International Price Performance

Shares of SPNS stock traded up $0.04 during trading hours on Friday, hitting $42.90. The stock had a trading volume of 396,078 shares, compared to its average volume of 2,000,218. The firm has a market capitalization of $2.40 billion, a PE ratio of 35.16 and a beta of 0.93. Sapiens International Corporation N.V. has a twelve month low of $23.69 and a twelve month high of $42.94. The stock's 50 day moving average is $32.58 and its 200 day moving average is $29.30.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Needham & Company LLC lowered shares of 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. Barclays lifted their target price on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. Finally, Wall Street Zen downgraded 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus 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.