Vanguard Group Inc. Sells 19,459 Shares of Sapiens International Corporation N.V. $SPNS

Key Points

• Vanguard Group Inc. has reduced its stake in Sapiens International Corporation by 1.4%, owning approximately 1,383,799 shares valued at $37.81 million after selling 19,459 shares during the quarter.
• Multiple hedge funds, including Royce & Associates LP and Rhumbline Advisers, have made significant changes to their positions in Sapiens, with Royce increasing its holdings by 25.9% and Rhumbline by an impressive 467.6%.
• Analysts have downgraded Sapiens International's stock ratings, with several firms shifting their ratings and lowering price targets, resulting in an average rating of "Reduce" and a consensus price target of $31.33.

Vanguard Group Inc. decreased its position in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,383,799 shares of the technology company's stock after selling 19,459 shares during the quarter. Vanguard Group Inc. owned approximately 2.48% of Sapiens International worth $37,810,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SPNS. Larson Financial Group LLC boosted 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 valued at $26,000 after acquiring an additional 931 shares in the last quarter. Quarry LP acquired a new position in Sapiens International during the 4th quarter worth about $37,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 lifted its holdings 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. Finally, Two Sigma Investments LP lifted its holdings 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. Institutional investors and hedge funds own 30.73% of the company's stock.

Sapiens International Stock Performance

Shares of NASDAQ:SPNS traded up $0.04 during midday trading on Monday, reaching $42.90. The company's stock had a trading volume of 396,078 shares, compared to its average volume of 1,994,083. The firm has a 50 day moving average price of $32.86 and a two-hundred day moving average price of $29.46. Sapiens International Corporation N.V. has a fifty-two week low of $23.69 and a fifty-two week high of $42.94. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 35.16 and a beta of 0.94.

Wall Street Analyst Weigh In

SPNS has been the topic of several recent research reports. Wall Street Zen downgraded Sapiens International from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Needham & Company LLC downgraded Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 target price on the stock. in a report on Wednesday, August 13th. Finally, Barclays lifted their target price on Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a report on Friday, May 9th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Sapiens International presently 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.