Schwartz Investment Counsel Inc. Sells 17,600 Shares of Sapiens International Corporation N.V. $SPNS

Key Points

• Schwartz Investment Counsel Inc. has sold 17,600 shares of Sapiens International, decreasing its stake by 23.8% and owning 56,452 shares valued at $1,651,000.
• Other institutional investors, including Larson Financial Group and CWM LLC, significantly increased their stakes in Sapiens International, highlighting growing interest among hedge funds.
• Analysts have downgraded Sapiens International's stock rating, with a consensus rating of "Reduce" and an average price target of $31.33.

Schwartz Investment Counsel Inc. decreased its stake in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 23.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 56,452 shares of the technology company's stock after selling 17,600 shares during the quarter. Schwartz Investment Counsel Inc. owned 0.10% of Sapiens International worth $1,651,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC increased its holdings in shares of Sapiens International by 2,216.7% during the 1st quarter. Larson Financial Group LLC now owns 973 shares of the technology company's stock worth $26,000 after purchasing an additional 931 shares during the period. GAMMA Investing LLC increased its stake in Sapiens International by 73.1% in the second quarter. GAMMA Investing LLC now owns 919 shares of the technology company's stock valued at $27,000 after acquiring an additional 388 shares during the period. CWM LLC increased its stake in Sapiens International by 262.5% in the second quarter. CWM LLC now owns 1,526 shares of the technology company's stock valued at $45,000 after acquiring an additional 1,105 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Sapiens International by 2,507.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock valued at $132,000 after acquiring an additional 4,689 shares during the period. Finally, Morgan Dempsey Capital Management LLC increased its stake in Sapiens International by 41.8% in the second quarter. Morgan Dempsey Capital Management LLC now owns 6,636 shares of the technology company's stock valued at $194,000 after acquiring an additional 1,956 shares during the period. Institutional investors own 30.73% of the company's stock.

Sapiens International Price Performance

SPNS opened at $43.18 on Tuesday. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 35.39 and a beta of 0.92. The firm has a 50 day simple moving average of $42.67 and a 200 day simple moving average of $33.25. Sapiens International Corporation N.V. has a fifty-two week low of $23.69 and a fifty-two week high of $43.18.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SPNS shares. Weiss Ratings reissued a "hold (c)" rating on shares of Sapiens International in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Sapiens International from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Needham & Company LLC lowered shares of 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. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $31.33.

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.

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