Allianz Asset Management GmbH reduced its stake in Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 44.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,985 shares of the technology company's stock after selling 17,729 shares during the period. Allianz Asset Management GmbH's holdings in Sapiens International were worth $596,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC grew its position in shares of Sapiens International by 28.6% during the fourth quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company's stock worth $218,000 after acquiring an additional 1,801 shares during the last quarter. LPL Financial LLC boosted its stake in Sapiens International by 17.0% during the 4th quarter. LPL Financial LLC now owns 68,255 shares of the technology company's stock valued at $1,742,000 after purchasing an additional 9,917 shares during the period. Norges Bank acquired a new position in Sapiens International during the 4th quarter valued at about $1,239,000. Wellington Management Group LLP grew its position in Sapiens International by 10.9% in the 4th quarter. Wellington Management Group LLP now owns 659,524 shares of the technology company's stock worth $17,721,000 after purchasing an additional 64,972 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Sapiens International by 103.3% in the fourth quarter. Franklin Resources Inc. now owns 39,734 shares of the technology company's stock valued at $1,068,000 after purchasing an additional 20,194 shares during the period. 30.73% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. Wall Street Zen downgraded Sapiens International from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Sapiens International presently has an average rating of "Hold" and a consensus price target of $34.25.
Check Out Our Latest Analysis on Sapiens International
Sapiens International Trading Down 2.4%
Sapiens International stock opened at $26.75 on Friday. Sapiens International Corporation N.V. has a 52 week low of $23.69 and a 52 week high of $39.99. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 20.58 and a beta of 0.95. The company's 50-day moving average price is $29.12 and its two-hundred day moving average price is $27.79.
Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating 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 business had revenue of $136.11 million during the quarter, compared to analysts' expectations of $136.25 million. During the same period last year, the firm posted $0.36 earnings per share. The business's revenue was up 1.4% on a year-over-year basis. Research analysts expect that Sapiens International Corporation N.V. will post 1.42 earnings per share for the current fiscal year.
About Sapiens International
(
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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