Nuveen Asset Management LLC lowered its holdings in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 32.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 234,105 shares of the technology company's stock after selling 113,181 shares during the period. Nuveen Asset Management LLC owned approximately 0.42% of Sapiens International worth $6,318,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Sapiens International by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,418 shares of the technology company's stock valued at $1,597,000 after purchasing an additional 2,073 shares during the period. Lazard Asset Management LLC boosted its holdings in Sapiens International by 39.5% in the 4th quarter. Lazard Asset Management LLC now owns 36,346 shares of the technology company's stock valued at $976,000 after purchasing an additional 10,289 shares during the period. Janus Henderson Group PLC boosted its holdings in Sapiens International by 6.9% in the 4th quarter. Janus Henderson Group PLC now owns 644,851 shares of the technology company's stock valued at $17,327,000 after purchasing an additional 41,422 shares during the period. Deutsche Bank AG boosted its holdings in Sapiens International by 15.4% in the 4th quarter. Deutsche Bank AG now owns 67,865 shares of the technology company's stock valued at $1,824,000 after purchasing an additional 9,078 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Sapiens International in the 4th quarter valued at approximately $1,849,000. Institutional investors own 30.73% of the company's stock.
Sapiens International Price Performance
SPNS stock traded up $0.47 during trading on Wednesday, reaching $29.19. 119,641 shares of the company were exchanged, compared to its average volume of 155,531. The company has a 50-day moving average of $27.32 and a two-hundred day moving average of $27.22. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 22.63 and a beta of 0.95. Sapiens International Co. has a twelve month low of $23.69 and a twelve month high of $41.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.18.
Sapiens International (NASDAQ:SPNS - Get Free Report) last released its quarterly earnings data 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 net margin of 13.31% and a return on equity of 17.42%. The business had revenue of $136.11 million during the quarter, compared to analysts' expectations of $136.25 million. During the same period in the prior year, the company earned $0.36 EPS. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts predict that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.
Sapiens International Increases Dividend
The firm also recently announced 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 represents a yield of 2.2%. This is a positive change from Sapiens International's previous semi-annual dividend of $0.22. The ex-dividend date was Monday, April 7th. Sapiens International's payout ratio is presently 46.15%.
Analysts Set New Price Targets
Several brokerages have recently commented on SPNS. Barclays boosted their target price 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 restated a "buy" rating and issued a $35.00 target price on shares of Sapiens International in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Sapiens International currently has an average rating of "Hold" and an average price target of $34.25.
Check Out Our Latest Stock Report on Sapiens International
Sapiens International Profile
(
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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