Gallacher Capital Management LLC Invests $715,000 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 bought a new position in Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 24,436 shares of the technology company's stock, valued at approximately $715,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in Sapiens International by 2,216.7% in the first quarter. Larson Financial Group LLC now owns 973 shares of the technology company's stock worth $26,000 after purchasing an additional 931 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Sapiens International by 2,507.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock worth $132,000 after purchasing an additional 4,689 shares during the period. AQR Capital Management LLC bought a new position in Sapiens International in the first quarter worth $209,000. ProShare Advisors LLC lifted its position in Sapiens International by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 8,668 shares of the technology company's stock worth $233,000 after purchasing an additional 2,851 shares during the period. Finally, State of Wyoming lifted its position in Sapiens International by 221.9% in the first quarter. State of Wyoming now owns 8,952 shares of the technology company's stock worth $243,000 after purchasing an additional 6,171 shares during the period. 30.73% of the stock is owned by institutional investors.

Sapiens International Stock Performance

SPNS opened at $43.00 on Monday. Sapiens International Corporation N.V. has a 1-year low of $23.69 and a 1-year high of $43.13. The stock has a market capitalization of $2.40 billion, a PE ratio of 35.25 and a beta of 0.95. The firm has a 50-day moving average price of $35.31 and a two-hundred day moving average price of $30.41.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen cut Sapiens International from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Needham & Company LLC cut Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 price objective for the company. in a report on Wednesday, August 13th. 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, Sapiens International currently has an average rating of "Reduce" and a consensus price target 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.

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