Squarepoint Ops LLC purchased a new position in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,525 shares of the technology company's stock, valued at approximately $310,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in SPNS. Topline Capital Management LLC acquired a new position in shares of Sapiens International during the fourth quarter worth approximately $24,147,000. Royce & Associates LP increased its stake in Sapiens International by 65.7% during the 4th quarter. Royce & Associates LP now owns 932,703 shares of the technology company's stock valued at $25,062,000 after purchasing an additional 369,947 shares in the last quarter. Nine Ten Capital Management LLC raised its holdings in Sapiens International by 17.0% during the fourth quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company's stock worth $28,866,000 after buying an additional 155,880 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Sapiens International by 100.8% in the fourth quarter. Bank of New York Mellon Corp now owns 153,852 shares of the technology company's stock valued at $4,134,000 after buying an additional 77,219 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Sapiens International during the fourth quarter valued at about $1,849,000. Institutional investors own 30.73% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on SPNS shares. Barclays upped their target price on shares of Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a 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 report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $34.25.
View Our Latest Stock Report on Sapiens International
Sapiens International Trading Up 0.4%
Shares of SPNS stock opened at $29.72 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.24. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 23.04 and a beta of 0.97. Sapiens International Co. has a 52-week low of $23.69 and a 52-week high of $41.22. The company has a 50-day simple moving average of $27.41 and a two-hundred day simple moving average of $27.26.
Sapiens International (NASDAQ:SPNS - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The firm had revenue of $136.11 million for the quarter, compared to the consensus estimate of $136.25 million. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The company's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 EPS. Research analysts anticipate that Sapiens International Co. will post 1.42 EPS for the current fiscal year.
Sapiens International Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, April 7th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a yield of 2.2%. This is a positive change from Sapiens International's previous semi-annual dividend of $0.22. Sapiens International's dividend payout ratio is presently 46.15%.
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.
Further Reading
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