Millennium Management LLC lessened its holdings in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,109 shares of the technology company's stock after selling 15,338 shares during the period. Millennium Management LLC owned approximately 0.21% of Sapiens International worth $3,147,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of SPNS. Barclays PLC lifted its stake in shares of Sapiens International by 415.1% in the 3rd quarter. Barclays PLC now owns 54,640 shares of the technology company's stock valued at $2,036,000 after purchasing an additional 44,033 shares during the last quarter. Blue Trust Inc. lifted 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. Y.D. More Investments Ltd lifted its stake in shares of Sapiens International by 13.9% in the 4th quarter. Y.D. More Investments Ltd now owns 234,297 shares of the technology company's stock valued at $6,338,000 after purchasing an additional 28,512 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Sapiens International by 6.5% in the 4th quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company's stock valued at $279,000 after purchasing an additional 633 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Sapiens International in the 4th quarter valued at $262,000. Institutional investors and hedge funds own 30.73% of the company's stock.
Sapiens International Trading Up 1.6%
SPNS traded up $0.47 during mid-day trading on Wednesday, hitting $29.19. 119,641 shares of the stock were exchanged, compared to its average volume of 155,531. The firm's fifty day moving average is $27.32 and its two-hundred day moving average is $27.22. Sapiens International Co. has a 1-year low of $23.69 and a 1-year high of $41.22. 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 company has a market cap of $1.63 billion, a PE ratio of 22.63 and a beta of 0.95.
Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The firm had revenue of $136.11 million for the quarter, compared to analyst estimates of $136.25 million. During the same quarter in the prior year, the company earned $0.36 EPS. Sapiens International's revenue was up 1.4% on a year-over-year basis. Equities analysts forecast that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.
Sapiens International Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th were issued a dividend of $0.66 per share. This is an increase from Sapiens International's previous semi-annual dividend of $0.22. The ex-dividend date of this dividend was Monday, April 7th. This represents a yield of 2.2%. Sapiens International's dividend payout ratio is 46.15%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on SPNS shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $35.00 price target on shares of Sapiens International in a research note on Wednesday, February 19th. Barclays upped their price target on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $34.25.
Check Out Our Latest Stock Analysis on Sapiens International
About Sapiens International
(
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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