Mackenzie Financial Corp increased its stake in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 99.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,534 shares of the technology company's stock after buying an additional 20,162 shares during the quarter. Mackenzie Financial Corp owned about 0.07% of Sapiens International worth $1,089,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in SPNS. Blue Trust Inc. grew its stake in shares of Sapiens International by 171.2% in the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock valued at $36,000 after purchasing an additional 856 shares during the last quarter. Quarry LP acquired a new stake in shares of Sapiens International during the fourth quarter worth $37,000. Morgan Dempsey Capital Management LLC grew its position in 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 buying an additional 539 shares during the last quarter. HighTower Advisors LLC increased its stake in 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 buying an additional 1,801 shares during the period. Finally, ProShare Advisors LLC raised its position in Sapiens International by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 8,668 shares of the technology company's stock worth $233,000 after buying an additional 2,851 shares during the last quarter. Institutional investors and hedge funds own 30.73% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $35.00 price objective on shares of Sapiens International in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $34.25.
Check Out Our Latest Report on SPNS
Sapiens International Price Performance
Shares of NASDAQ:SPNS traded up $0.47 on Wednesday, reaching $29.19. 119,641 shares of the company were exchanged, compared to its average volume of 155,531. The company has a 50-day moving average of $27.32 and a 200-day moving average of $27.22. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 22.63 and a beta of 0.95. Sapiens International Co. has a 1-year low of $23.69 and a 1-year high of $41.22.
Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The company had revenue of $136.11 million for the quarter, compared to analyst estimates of $136.25 million. During the same period in the prior year, the business posted $0.36 earnings per share. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. Equities analysts forecast that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.
Sapiens International Increases Dividend
The company 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. This is a positive change from Sapiens International's previous semi-annual dividend of $0.22. The ex-dividend date was Monday, April 7th. This represents a yield of 2.2%. Sapiens International's dividend payout ratio is 46.15%.
Sapiens International Company Profile
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Free Report)
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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