Deutsche Bank AG lifted its stake in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,865 shares of the technology company's stock after purchasing an additional 9,078 shares during the quarter. Deutsche Bank AG owned about 0.12% of Sapiens International worth $1,824,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Barclays PLC increased its stake in Sapiens International by 415.1% in the 3rd quarter. Barclays PLC now owns 54,640 shares of the technology company's stock valued at $2,036,000 after buying an additional 44,033 shares during the period. Blue Trust Inc. boosted its holdings in shares of Sapiens International by 171.2% in the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock valued at $36,000 after acquiring an additional 856 shares in the last quarter. Y.D. More Investments Ltd increased its stake in shares of Sapiens International by 13.9% during the fourth quarter. Y.D. More Investments Ltd now owns 234,297 shares of the technology company's stock worth $6,338,000 after acquiring an additional 28,512 shares during the period. Principal Financial Group Inc. raised its holdings in Sapiens International by 6.5% during the fourth quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company's stock worth $279,000 after purchasing an additional 633 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Sapiens International in the fourth quarter valued at about $262,000. Hedge funds and other institutional investors own 30.73% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Jefferies Financial Group cut Sapiens International from a "buy" rating to a "hold" rating and dropped their target price for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. Needham & Company LLC restated a "buy" rating and set a $35.00 target price on shares of Sapiens International in a research report on Wednesday, February 19th. Finally, Barclays increased their price objective on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Sapiens International currently has a consensus rating of "Hold" and an average target price of $34.25.
View Our Latest Stock Report on Sapiens International
Sapiens International Trading Up 1.8%
Sapiens International stock traded up $0.50 during trading on Thursday, reaching $28.64. The company had a trading volume of 150,675 shares, compared to its average volume of 155,271. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 22.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.24. The stock's 50 day moving average price is $27.21 and its two-hundred day moving average price is $27.21. Sapiens International Co. has a 12-month low of $23.69 and a 12-month high of $41.22.
Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The firm had revenue of $136.11 million for the quarter, compared to analyst estimates of $136.25 million. During the same quarter last year, the firm posted $0.36 earnings per share. Sapiens International's revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities analysts expect that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.
Sapiens International Increases Dividend
The business also recently announced a semi-annual dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, April 7th were issued a dividend of $0.66 per share. This is an increase from Sapiens International's previous semi-annual dividend of $0.22. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, April 7th. Sapiens International's dividend payout ratio (DPR) is presently 46.15%.
About Sapiens International
(
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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