State of Wyoming Grows Stock 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 increased its stake in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 221.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,952 shares of the technology company's stock after purchasing an additional 6,171 shares during the period. State of Wyoming's holdings in Sapiens International were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SPNS. Nuveen LLC bought a new position in Sapiens International in the first quarter worth approximately $7,044,000. Royce & Associates LP raised its position in Sapiens International by 25.9% in the first quarter. Royce & Associates LP now owns 1,174,043 shares of the technology company's stock worth $31,805,000 after acquiring an additional 241,340 shares during the period. Rhumbline Advisers raised its position in Sapiens International by 467.6% in the first quarter. Rhumbline Advisers now owns 264,065 shares of the technology company's stock worth $7,154,000 after acquiring an additional 217,540 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Sapiens International in the first quarter worth approximately $2,248,000. Finally, Zions Bancorporation National Association UT bought a new position in Sapiens International in the first quarter worth approximately $1,905,000. 30.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPNS has been the subject of a number of analyst reports. Wall Street Zen cut shares of Sapiens International from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Barclays increased their price objective on shares of Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC cut shares of Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 price objective for the company. in a research note on Wednesday, August 13th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $31.33.

Sapiens International Price Performance

SPNS stock opened at $43.00 on Thursday. The firm's fifty day simple moving average is $33.42 and its 200-day simple moving average is $29.64. The company has a market capitalization of $2.40 billion, a P/E ratio of 35.25 and a beta of 0.95. Sapiens International Corporation N.V. has a 12 month low of $23.69 and a 12 month high of $43.00.

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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