Rhumbline Advisers Raises Holdings in Sapiens International Co. (NASDAQ:SPNS)

Rhumbline Advisers raised its holdings in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 467.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,065 shares of the technology company's stock after acquiring an additional 217,540 shares during the quarter. Rhumbline Advisers owned approximately 0.47% of Sapiens International worth $7,154,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SPNS. Barclays PLC boosted its stake in Sapiens International by 415.1% during the third quarter. Barclays PLC now owns 54,640 shares of the technology company's stock valued at $2,036,000 after buying an additional 44,033 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Sapiens International by 7.3% during the 4th quarter. MetLife Investment Management LLC now owns 18,535 shares of the technology company's stock worth $498,000 after acquiring an additional 1,263 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its position in shares of Sapiens International by 8.8% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company's stock valued at $178,000 after acquiring an additional 539 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Sapiens International by 6.5% during the 4th quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company's stock valued at $279,000 after acquiring an additional 633 shares during the last quarter. Finally, Zions Bancorporation N.A. grew its holdings in shares of Sapiens International by 16.9% in the fourth quarter. Zions Bancorporation N.A. now owns 67,830 shares of the technology company's stock valued at $1,823,000 after purchasing an additional 9,828 shares in the last quarter. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Sapiens International Trading Down 2.6%

Shares of SPNS stock traded down $0.77 during trading hours on Thursday, reaching $28.49. 131,094 shares of the stock were exchanged, compared to its average volume of 156,744. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. Sapiens International Co. has a 12-month low of $23.69 and a 12-month high of $41.22. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 22.09 and a beta of 0.97. The company's 50-day moving average price is $27.59 and its 200-day moving average price is $27.30.

Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $136.25 million. During the same period last year, the company earned $0.36 EPS. Sapiens International's quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Sapiens International Co. will post 1.42 earnings per share for the current year.

Sapiens International Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, April 7th were issued a dividend of $0.66 per share. 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 (DPR) is presently 46.15%.

Analyst Upgrades and Downgrades

SPNS has been the subject of several research reports. Barclays increased their price objective on shares of Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $35.00 price target on shares of Sapiens International in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $34.25.

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.