Nuveen LLC Makes New Investment in Sapiens International Corporation N.V. $SPNS

Key Points

• Nuveen LLC has invested approximately $7.04 million in Sapiens International Corporation N.V., acquiring 259,651 shares during the 1st quarter, representing about 0.46% ownership of the company.
• Several institutional investors significantly increased their stakes in Sapiens, with Larson Financial Group boosting its ownership by 2,216.7%, and Mirae Asset Global Investments increasing theirs by 2,507.5%.
• Analysts have recently issued mixed ratings for Sapiens, with Needham & Company downgrading it to a "hold" and setting a target price of $35.00, while Barclays increased its target price from $28.00 to $31.00.

Nuveen LLC purchased a new stake in Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 259,651 shares of the technology company's stock, valued at approximately $7,044,000. Nuveen LLC owned approximately 0.46% of Sapiens International at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SPNS. Invesco Ltd. raised its holdings in shares of Sapiens International by 20.8% in the first quarter. Invesco Ltd. now owns 26,635 shares of the technology company's stock valued at $722,000 after buying an additional 4,595 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Sapiens International in the first quarter worth about $1,905,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Sapiens International by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 75,227 shares of the technology company's stock worth $2,038,000 after acquiring an additional 1,131 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Sapiens International by 23.9% in the first quarter. GSA Capital Partners LLP now owns 21,219 shares of the technology company's stock worth $575,000 after acquiring an additional 4,100 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Sapiens International by 48.0% in the first quarter. Mackenzie Financial Corp now owns 59,999 shares of the technology company's stock worth $1,625,000 after acquiring an additional 19,465 shares in the last quarter. Institutional investors own 30.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SPNS shares. Needham & Company LLC downgraded Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 price target for the company. in a report on Wednesday, August 13th. Barclays increased their price target on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. Finally, Wall Street Zen cut Sapiens International from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $31.33.

Sapiens International Price Performance

Shares of NASDAQ SPNS traded up $0.05 during mid-day trading on Friday, hitting $42.91. 185,357 shares of the stock traded hands, compared to its average volume of 397,975. Sapiens International Corporation N.V. has a twelve month low of $23.69 and a twelve month high of $42.94. The company has a market cap of $2.40 billion, a PE ratio of 35.17 and a beta of 0.93. The firm has a 50 day simple moving average of $32.29 and a two-hundred day simple moving average of $29.19.

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.