Sapiens International Corporation N.V. $SPNS Stock Holdings Decreased by Vanguard Group Inc.

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. reduced its holdings in Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 1.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Royce & Associates LP lifted its position in shares of Sapiens International by 25.9% in the 1st quarter. Royce & Associates LP now owns 1,174,043 shares of the technology company's stock worth $31,805,000 after buying an additional 241,340 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sapiens International by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,077,821 shares of the technology company's stock worth $28,961,000 after buying an additional 32,126 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Sapiens International by 10.9% in the 4th quarter. Wellington Management Group LLP now owns 659,524 shares of the technology company's stock worth $17,721,000 after buying an additional 64,972 shares during the last quarter. Janus Henderson Group PLC lifted its position in Sapiens International by 6.9% in the 4th quarter. Janus Henderson Group PLC now owns 644,851 shares of the technology company's stock valued at $17,327,000 after purchasing an additional 41,422 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Sapiens International by 467.6% in the 1st quarter. Rhumbline Advisers now owns 264,065 shares of the technology company's stock valued at $7,154,000 after purchasing an additional 217,540 shares during the last quarter. 30.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on SPNS. Wall Street Zen downgraded shares of Sapiens International from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Barclays lifted their price objective on shares of Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC downgraded shares of Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 price objective on the stock. in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $31.33.

Sapiens International Stock Performance

Shares of SPNS stock traded up $0.04 during midday trading on Friday, reaching $42.90. 396,078 shares of the company were exchanged, compared to its average volume of 2,000,218. Sapiens International Corporation N.V. has a 12 month low of $23.69 and a 12 month high of $42.94. The company has a market cap of $2.40 billion, a P/E ratio of 35.16 and a beta of 0.93. The company's 50 day moving average price is $32.58 and its two-hundred day moving average price is $29.30.

About Sapiens International

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.