11,525 Shares in Sapiens International Co. (NASDAQ:SPNS) Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new position in Sapiens International Co. (NASDAQ:SPNS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,525 shares of the technology company's stock, valued at approximately $310,000.

Several other large investors have also recently made changes to their positions in the stock. Barclays PLC grew its stake in Sapiens International by 415.1% during the 3rd quarter. Barclays PLC now owns 54,640 shares of the technology company's stock worth $2,036,000 after buying an additional 44,033 shares during the last quarter. Blue Trust Inc. grew its stake in Sapiens International by 171.2% during the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock worth $36,000 after buying an additional 856 shares during the last quarter. Principal Financial Group Inc. grew its stake in Sapiens International by 6.5% during the 4th quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company's stock worth $279,000 after buying an additional 633 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Sapiens International during the 4th quarter worth $262,000. Finally, Bank of New York Mellon Corp grew its stake in Sapiens International by 100.8% during the 4th quarter. Bank of New York Mellon Corp now owns 153,852 shares of the technology company's stock worth $4,134,000 after buying an additional 77,219 shares during the last quarter. 30.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on SPNS. Barclays boosted their price target on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. Needham & Company LLC reiterated a "buy" rating and set a $35.00 price target on shares of Sapiens International in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $34.25.

Sapiens International Stock Performance

Shares of SPNS traded down $0.33 during mid-day trading on Tuesday, reaching $29.70. The company had a trading volume of 130,320 shares, compared to its average volume of 156,486. The company has a quick ratio of 2.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.04. Sapiens International Co. has a 52-week low of $23.69 and a 52-week high of $41.22. The stock has a 50 day moving average of $27.52 and a two-hundred day moving average of $27.29. The stock has a market capitalization of $1.66 billion, a P/E ratio of 23.02 and a beta of 0.97.

Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its quarterly earnings results 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. The company 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%. Sapiens International's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. On average, analysts expect that Sapiens International Co. will post 1.42 earnings per share for the current year.

Sapiens International Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, April 7th were issued a dividend of $0.66 per share. This is a boost from Sapiens International's previous semi-annual dividend of $0.22. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, April 7th. Sapiens International's payout ratio is currently 46.15%.

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.