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

GAMMA Investing LLC lifted its holdings in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 3,873.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,385 shares of the technology company's stock after acquiring an additional 14,023 shares during the period. GAMMA Investing LLC's holdings in Sapiens International were worth $390,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Wellington Management Group LLP grew its position in shares of Sapiens International by 10.9% during the fourth quarter. Wellington Management Group LLP now owns 659,524 shares of the technology company's stock worth $17,721,000 after acquiring an additional 64,972 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Sapiens International by 99.0% during the fourth quarter. Mackenzie Financial Corp now owns 40,534 shares of the technology company's stock worth $1,089,000 after purchasing an additional 20,162 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Sapiens International by 8.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,851 shares of the technology company's stock worth $1,017,000 after purchasing an additional 3,016 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Sapiens International during the fourth quarter worth $310,000. Finally, Two Sigma Investments LP lifted its holdings in shares of Sapiens International by 34.8% during the fourth quarter. Two Sigma Investments LP now owns 10,046 shares of the technology company's stock worth $270,000 after purchasing an additional 2,594 shares during the period. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Sapiens International Stock Performance

Sapiens International stock opened at $28.42 on Friday. Sapiens International Corporation N.V. has a one year low of $23.69 and a one year high of $41.22. The business has a fifty day moving average of $27.99 and a two-hundred day moving average of $27.35. The company has a market cap of $1.59 billion, a P/E ratio of 21.86 and a beta of 0.97.

Sapiens International (NASDAQ:SPNS - Get Free Report) last released its earnings results on Thursday, May 8th. The technology company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. Sapiens International had a return on equity of 17.30% and a net margin of 13.37%. The company 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 company earned $0.36 earnings per share. Sapiens International's quarterly revenue was up 1.4% compared to the same quarter last year. Sell-side analysts predict that Sapiens International Corporation N.V. will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th were issued 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 46.15%.

Analyst Ratings Changes

Separately, Barclays increased their price target on Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. One equities research 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. Based on data from MarketBeat.com, the company presently has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.