GAMMA Investing LLC Boosts Stock Holdings in Sapiens International Corporation N.V. (NASDAQ:SPNS)

GAMMA Investing LLC grew its position in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 3,873.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,385 shares of the technology company's stock after purchasing an additional 14,023 shares during the quarter. GAMMA Investing LLC's holdings in Sapiens International were worth $390,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SPNS. Blue Trust Inc. raised its holdings in Sapiens International by 171.2% during the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock worth $36,000 after purchasing an additional 856 shares during the last quarter. Quarry LP bought a new stake in shares of Sapiens International in the 4th quarter valued at $37,000. Morgan Dempsey Capital Management LLC increased its stake in shares of Sapiens International by 8.8% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company's stock valued at $178,000 after acquiring an additional 539 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Sapiens International by 28.6% in the 4th quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company's stock valued at $218,000 after acquiring an additional 1,801 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of 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 acquiring an additional 2,851 shares in the last quarter. Institutional investors own 30.73% of the company's stock.

Sapiens International Trading Up 2.1%

NASDAQ SPNS traded up $0.61 during mid-day trading on Monday, hitting $29.00. The company's stock had a trading volume of 131,063 shares, compared to its average volume of 157,648. The company's 50 day simple moving average is $28.09 and its 200 day simple moving average is $27.34. Sapiens International Corporation N.V. has a twelve month low of $23.69 and a twelve month high of $41.22. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 22.31 and a beta of 0.97.

Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Sapiens International had a net margin of 13.37% and a return on equity of 17.30%. The business had revenue of $136.11 million during the quarter, compared to the consensus estimate of $136.25 million. During the same quarter last year, the firm posted $0.36 EPS. Sapiens International's revenue was up 1.4% compared to the same quarter last year. As a group, research analysts forecast that Sapiens International Corporation N.V. will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, April 7th were given a $0.66 dividend. The ex-dividend date was Monday, April 7th. This represents a yield of 2.2%. This is an increase from Sapiens International's previous semi-annual dividend of $0.22. Sapiens International's dividend payout ratio (DPR) is presently 46.15%.

Wall Street Analyst Weigh In

Separately, Barclays lifted their price objective on shares of Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $34.25.

About Sapiens International

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.