State of Wyoming Grows Holdings in Sapiens International Corporation N.V. $SPNS

Key Points

• The State of Wyoming significantly increased its stake in Sapiens International Corporation N.V. by 221.9% in the first quarter, now owning 8,952 shares valued at approximately $243,000.
• Several institutional investors also modified their positions in Sapiens International, with Rhumbline Advisers raising their stake by 467.6% during the same period.
• Stock analysts have mixed opinions on SPNS, with Wall Street Zen lowering its rating to "hold," and a consensus target price of $31.33 for the stock.

State of Wyoming grew its holdings in Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 221.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,952 shares of the technology company's stock after purchasing an additional 6,171 shares during the quarter. State of Wyoming's holdings in Sapiens International were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in shares of Sapiens International by 2,216.7% in the 1st quarter. Larson Financial Group LLC now owns 973 shares of the technology company's stock valued at $26,000 after purchasing an additional 931 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Sapiens International by 2,507.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock worth $132,000 after buying an additional 4,689 shares during the period. ProShare Advisors LLC raised its stake in Sapiens International by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 8,668 shares of the technology company's stock worth $233,000 after buying an additional 2,851 shares during the period. Foyston Gordon & Payne Inc acquired a new position in Sapiens International during the 1st quarter worth approximately $255,000. Finally, Two Sigma Investments LP raised its stake in Sapiens International by 34.8% during the 4th quarter. Two Sigma Investments LP now owns 10,046 shares of the technology company's stock worth $270,000 after buying an additional 2,594 shares during the period. 30.73% of the stock is owned by institutional investors and hedge funds.

Sapiens International Stock Up 0.2%

Shares of NASDAQ SPNS traded up $0.09 during trading on Tuesday, hitting $43.09. The company had a trading volume of 472,894 shares, compared to its average volume of 406,850. The stock has a fifty day simple moving average of $34.26 and a two-hundred day simple moving average of $29.99. Sapiens International Corporation N.V. has a fifty-two week low of $23.69 and a fifty-two week high of $43.13. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 35.31 and a beta of 0.95.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Needham & Company LLC downgraded Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 price target on the stock. in a research note on Wednesday, August 13th. Wall Street Zen downgraded Sapiens International from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average 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.