Royce & Associates LP Raises Stake in Sapiens International Corporation N.V. (NASDAQ:SPNS)

Royce & Associates LP raised its holdings in Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 25.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,174,043 shares of the technology company's stock after buying an additional 241,340 shares during the period. Royce & Associates LP owned approximately 2.10% of Sapiens International worth $31,805,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Sapiens International in the 1st quarter valued at approximately $2,248,000. Larson Financial Group LLC boosted its position in Sapiens International by 2,216.7% in the 1st 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. raised its holdings in shares of Sapiens International by 2,507.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock valued at $132,000 after purchasing an additional 4,689 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Sapiens International by 467.6% in the 1st quarter. Rhumbline Advisers now owns 264,065 shares of the technology company's stock valued at $7,154,000 after purchasing an additional 217,540 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Sapiens International by 3,873.8% in the 1st quarter. GAMMA Investing LLC now owns 14,385 shares of the technology company's stock valued at $390,000 after purchasing an additional 14,023 shares in the last quarter. Hedge funds and other institutional investors own 30.73% of the company's stock.

Sapiens International Trading Up 0.3%

NASDAQ:SPNS traded up $0.09 during midday trading on Friday, hitting $28.86. 206,611 shares of the company were exchanged, compared to its average volume of 179,589. The company has a fifty day simple moving average of $29.11 and a 200 day simple moving average of $27.71. Sapiens International Corporation N.V. has a fifty-two week low of $23.69 and a fifty-two week high of $40.06. The company has a market capitalization of $1.61 billion, a PE ratio of 22.20 and a beta of 0.95.

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

Analyst Ratings Changes

SPNS has been the topic of a number of analyst reports. Barclays raised their price objective on shares of Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a report on Friday, May 9th. Wall Street Zen lowered shares of Sapiens International from a "buy" rating to a "hold" rating in a report on Friday, July 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Sapiens International presently has an average rating of "Hold" and an average 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.