Gallacher Capital Management LLC Takes $715,000 Position in Sapiens International Corporation N.V. $SPNS

Key Points

• Gallacher Capital Management LLC invested $715,000 in Sapiens International Corporation N.V., acquiring 24,436 shares in the second quarter, reflecting growing interest in the company's stock.
• Institutional investors own 30.73% of Sapiens International's stock, with notable increases in holdings reported by firms such as Larson Financial Group and Mirae Asset Global Investments.
• Recent analyst ratings indicate a shift in sentiment, with Wall Street Zen and Needham & Company both downgrading Sapiens International from a "buy" to a "hold" rating.

Gallacher Capital Management LLC acquired a new stake in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 24,436 shares of the technology company's stock, valued at approximately $715,000.

A number of other institutional investors have also recently made changes to their positions in SPNS. Northern Trust Corp raised its position in Sapiens International by 1.2% in the 4th quarter. Northern Trust Corp now owns 226,353 shares of the technology company's stock worth $6,082,000 after purchasing an additional 2,641 shares during the period. Deutsche Bank AG boosted its stake in Sapiens International by 15.4% in the fourth quarter. Deutsche Bank AG now owns 67,865 shares of the technology company's stock valued at $1,824,000 after acquiring an additional 9,078 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Sapiens International by 39.5% in the fourth quarter. Lazard Asset Management LLC now owns 36,346 shares of the technology company's stock valued at $976,000 after acquiring an additional 10,289 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Sapiens International by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,418 shares of the technology company's stock valued at $1,597,000 after acquiring an additional 2,073 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Sapiens International by 49.0% in the fourth 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 in the last quarter. Institutional investors own 30.73% of the company's stock.

Sapiens International Trading Down 0.1%

SPNS traded down $0.03 on Friday, reaching $43.03. The stock had a trading volume of 162,364 shares, compared to its average volume of 427,495. Sapiens International Corporation N.V. has a 12-month low of $23.69 and a 12-month high of $43.18. The business's 50-day moving average price is $36.36 and its two-hundred day moving average price is $30.80. The company has a market cap of $2.40 billion, a P/E ratio of 35.27 and a beta of 0.95.

Analyst Ratings Changes

Several brokerages have weighed in on SPNS. Needham & Company LLC downgraded shares of 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. Wall Street Zen downgraded shares of Sapiens International from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sapiens International currently has an average rating of "Reduce" and a consensus target price of $31.33.

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.