Sapiens International Corporation N.V. $SPNS Shares Bought by Topline Capital Management LLC

Key Points

• Topline Capital Management LLC increased its holdings in Sapiens International by 5.2% in the 1st quarter, owning approximately 1.69% of the company valued at $25.6 million.
• Analysts have recently downgraded Sapiens International's stock ratings, with Barclays raising its price objective to $31.00 while the average target price across analysts stands at $31.33.
• The stock opened at $42.93 and has seen significant fluctuations, with a fifty-two week low of $23.69 and a high of $42.93.

Topline Capital Management LLC boosted its holdings in Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 945,377 shares of the technology company's stock after acquiring an additional 46,715 shares during the quarter. Sapiens International comprises approximately 5.8% of Topline Capital Management LLC's portfolio, making the stock its 6th biggest holding. Topline Capital Management LLC owned about 1.69% of Sapiens International worth $25,610,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Sapiens International by 2,507.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock worth $132,000 after purchasing an additional 4,689 shares in the last quarter. GAMMA Investing LLC boosted its position in Sapiens International by 3,873.8% during the first quarter. GAMMA Investing LLC now owns 14,385 shares of the technology company's stock worth $390,000 after purchasing an additional 14,023 shares in the last quarter. MetLife Investment Management LLC boosted its position in Sapiens International by 7.3% during the fourth quarter. MetLife Investment Management LLC now owns 18,535 shares of the technology company's stock worth $498,000 after purchasing an additional 1,263 shares in the last quarter. ProShare Advisors LLC boosted its position in Sapiens International by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 8,668 shares of the technology company's stock worth $233,000 after purchasing an additional 2,851 shares in the last quarter. Finally, Barclays PLC boosted its position in Sapiens International by 3.6% during the fourth quarter. Barclays PLC now owns 56,586 shares of the technology company's stock worth $1,520,000 after purchasing an additional 1,946 shares in the last quarter. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on SPNS. Wall Street Zen downgraded Sapiens International from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Needham & Company LLC downgraded Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 target price on the stock. in a research report on Wednesday, August 13th. Finally, Barclays upped their price objective on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Sapiens International presently has a consensus rating of "Reduce" and a consensus target price of $31.33.

Sapiens International Stock Performance

NASDAQ SPNS traded up $0.01 during trading hours on Tuesday, hitting $42.91. 525,805 shares of the company's stock were exchanged, compared to its average volume of 399,982. The business's 50 day moving average is $32.86 and its 200-day moving average is $29.46. Sapiens International Corporation N.V. has a 12-month low of $23.69 and a 12-month high of $42.94. The firm has a market capitalization of $2.40 billion, a P/E ratio of 35.17 and a beta of 0.94.

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.