83,001 Shares in Sapiens International Corporation N.V. (NASDAQ:SPNS) Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. bought a new stake in Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 83,001 shares of the technology company's stock, valued at approximately $2,248,000. Migdal Insurance & Financial Holdings Ltd. owned 0.15% of Sapiens International at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its stake in Sapiens International by 2,216.7% during the 1st quarter. Larson Financial Group LLC now owns 973 shares of the technology company's stock valued at $26,000 after purchasing an additional 931 shares in the last quarter. Quarry LP bought a new stake in shares of Sapiens International during the 4th quarter worth $37,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Sapiens International by 2,507.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock worth $132,000 after acquiring an additional 4,689 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Sapiens International by 28.6% during the 4th quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company's stock worth $218,000 after acquiring an additional 1,801 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of 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 acquiring an additional 2,851 shares in the last quarter. 30.73% of the stock is currently owned by institutional investors and hedge funds.

Sapiens International Stock Down 0.0%

SPNS stock traded down $0.01 during trading on Friday, hitting $30.05. The company had a trading volume of 218,749 shares, compared to its average volume of 158,209. The firm has a 50-day moving average price of $28.96 and a 200-day moving average price of $27.59. Sapiens International Corporation N.V. has a 12 month low of $23.69 and a 12 month high of $41.22. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 23.12 and a beta of 0.95.

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, topping analysts' consensus estimates of $0.35 by $0.02. Sapiens International had a net margin of 13.37% and a return on equity of 17.30%. The firm had revenue of $136.11 million during the quarter, compared to analyst estimates of $136.25 million. During the same quarter in the previous year, the business earned $0.36 EPS. The business's quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts expect that Sapiens International Corporation N.V. will post 1.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SPNS. Wall Street Zen lowered Sapiens International from a "buy" rating to a "hold" rating in a report on Friday. Barclays raised their target price on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $34.25.

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.