Wellington Management Group LLP Purchases 64,972 Shares of Sapiens International Co. (NASDAQ:SPNS)

Wellington Management Group LLP boosted its holdings in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 659,524 shares of the technology company's stock after acquiring an additional 64,972 shares during the period. Wellington Management Group LLP owned 1.18% of Sapiens International worth $17,721,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SPNS. Topline Capital Management LLC bought a new position in shares of Sapiens International during the fourth quarter valued at approximately $24,147,000. Royce & Associates LP boosted its position in shares of Sapiens International by 65.7% in the 4th quarter. Royce & Associates LP now owns 932,703 shares of the technology company's stock worth $25,062,000 after purchasing an additional 369,947 shares in the last quarter. Nine Ten Capital Management LLC grew its stake in shares of Sapiens International by 17.0% in the 4th quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company's stock worth $28,866,000 after buying an additional 155,880 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Sapiens International by 100.8% in 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. Finally, Cubist Systematic Strategies LLC bought a new position in Sapiens International during the 4th quarter valued at approximately $1,849,000. 30.73% of the stock is owned by hedge funds and other institutional investors.

Sapiens International Stock Up 1.4%

SPNS traded up $0.40 during trading on Thursday, hitting $29.59. 147,031 shares of the company's stock traded hands, compared to its average volume of 155,641. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 22.94 and a beta of 0.95. The company's 50 day simple moving average is $27.37 and its two-hundred day simple moving average is $27.24. Sapiens International Co. has a 12-month low of $23.69 and a 12-month high of $41.22. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The firm had revenue of $136.11 million during the quarter, compared to analysts' expectations of $136.25 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The company's revenue was up 1.4% on a year-over-year basis. Analysts predict that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.

Sapiens International Increases Dividend

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

Analyst Upgrades and Downgrades

SPNS has been the topic of several analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $35.00 target price on shares of Sapiens International in a report on Wednesday, February 19th. Barclays lifted their price target on Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. One 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's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $34.25.

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.