Foyston Gordon & Payne Inc Invests $255,000 in Sapiens International Corporation N.V. $SPNS

Key Points

• Foyston Gordon & Payne Inc has acquired a new stake in Sapiens International Corporation, purchasing 9,406 shares valued at approximately $255,000.
• Institutional investors own 30.73% of Sapiens International, with several firms, including Royce & Associates LP and Dimensional Fund Advisors LP, increasing their holdings in the company.
• Analysts have downgraded Sapiens International's stock rating from “buy” to “hold,” with a current average price target of $31.33.

Foyston Gordon & Payne Inc purchased a new position in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,406 shares of the technology company's stock, valued at approximately $255,000.

A number of other institutional investors also recently modified their holdings of the business. Royce & Associates LP increased its holdings in Sapiens International by 25.9% in the 1st quarter. Royce & Associates LP now owns 1,174,043 shares of the technology company's stock worth $31,805,000 after purchasing an additional 241,340 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Sapiens International by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,077,821 shares of the technology company's stock worth $28,961,000 after purchasing an additional 32,126 shares in the last quarter. Nine Ten Capital Management LLC increased its holdings in Sapiens International by 17.0% in the 4th quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company's stock worth $28,866,000 after purchasing an additional 155,880 shares in the last quarter. Topline Capital Management LLC acquired a new position in Sapiens International in the 4th quarter worth about $24,147,000. Finally, Wellington Management Group LLP increased its holdings in Sapiens International by 10.9% in the 4th quarter. Wellington Management Group LLP now owns 659,524 shares of the technology company's stock worth $17,721,000 after purchasing an additional 64,972 shares in the last quarter. Institutional investors and hedge funds own 30.73% of the company's stock.

Analyst Upgrades and Downgrades

SPNS has been the subject of a number of recent research reports. Barclays upped their target price on Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a report 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 report 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 equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Sapiens International has a consensus rating of "Reduce" and a consensus price target of $31.33.

Sapiens International Stock Performance

Shares of Sapiens International stock traded up $0.0450 on Friday, hitting $42.7550. The company had a trading volume of 638,252 shares, compared to its average volume of 390,617. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 35.05 and a beta of 0.93. Sapiens International Corporation N.V. has a 1 year low of $23.69 and a 1 year high of $42.84. The stock has a 50 day moving average of $30.84 and a 200-day moving average of $28.64.

Sapiens International 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.