Rhumbline Advisers Boosts Holdings in Sapiens International Corporation N.V. $SPNS

Key Points

• Rhumbline Advisers increased its stake in Sapiens International Corporation by 467.6%, acquiring an additional 217,540 shares during the first quarter, bringing its total ownership to 264,065 shares worth $7.15 million.
• Institutional investors collectively own 30.73% of Sapiens International, with several other hedge funds, including Northern Trust Corp and Jane Street Group, also increasing their stakes during the fourth quarter.
• Equities analysts have downgraded Sapiens International from a "buy" to a "hold" rating, with a consensus price target of $31.33.

Rhumbline Advisers boosted its position in Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 467.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 264,065 shares of the technology company's stock after buying an additional 217,540 shares during the period. Rhumbline Advisers owned approximately 0.47% of Sapiens International worth $7,154,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in Sapiens International by 2,216.7% in the first quarter. Larson Financial Group LLC now owns 973 shares of the technology company's stock valued at $26,000 after buying an additional 931 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Sapiens International by 2,507.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock valued at $132,000 after buying an additional 4,689 shares during the period. AQR Capital Management LLC acquired a new position in Sapiens International in the first quarter valued at $209,000. ProShare Advisors LLC lifted its holdings in Sapiens International by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 8,668 shares of the technology company's stock valued at $233,000 after buying an additional 2,851 shares during the period. Finally, State of Wyoming raised its holdings in shares of Sapiens International by 221.9% during the first quarter. State of Wyoming now owns 8,952 shares of the technology company's stock valued at $243,000 after purchasing an additional 6,171 shares during the period. Institutional investors and hedge funds own 30.73% of the company's stock.

Sapiens International Stock Up 0.0%

SPNS traded up $0.01 on Wednesday, hitting $43.06. The company's stock had a trading volume of 180,255 shares, compared to its average volume of 424,384. The company's 50 day simple moving average is $35.85 and its 200-day simple moving average is $30.61. The firm has a market cap of $2.41 billion, a P/E ratio of 35.29 and a beta of 0.95. Sapiens International Corporation N.V. has a 12 month low of $23.69 and a 12 month high of $43.13.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Sapiens International from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Needham & Company LLC downgraded shares of Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 price objective for the company. in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $31.33.

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.