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

Wellington Management Group LLP grew its holdings in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 659,524 shares of the technology company's stock after purchasing an additional 64,972 shares during the period. Wellington Management Group LLP owned approximately 1.18% of Sapiens International worth $17,721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SPNS. Morgan Dempsey Capital Management LLC boosted its stake in Sapiens International by 8.8% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company's stock valued at $178,000 after buying an additional 539 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Sapiens International by 6.5% during the 4th quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company's stock valued at $279,000 after purchasing an additional 633 shares during the last quarter. Blue Trust Inc. increased its position in Sapiens International by 171.2% during the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock worth $36,000 after purchasing an additional 856 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Sapiens International by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,096 shares of the technology company's stock valued at $1,991,000 after purchasing an additional 874 shares during the last quarter. Finally, Nebula Research & Development LLC boosted its position in Sapiens International by 9.3% in the fourth quarter. Nebula Research & Development LLC now owns 13,361 shares of the technology company's stock valued at $359,000 after buying an additional 1,133 shares in the last quarter. Institutional investors own 30.73% of the company's stock.

Wall Street Analysts Forecast Growth

SPNS has been the subject of several research analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $35.00 price target on shares of Sapiens International in a report on Wednesday, February 19th. Barclays upped 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. Finally, Jefferies Financial Group cut Sapiens International from a "buy" rating to a "hold" rating and reduced their price target for the stock from $36.00 to $28.00 in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $34.25.

Sapiens International Trading Up 0.4%

Shares of NASDAQ:SPNS traded up $0.12 during trading on Tuesday, reaching $28.72. The stock had a trading volume of 79,054 shares, compared to its average volume of 155,073. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.24. The firm's fifty day moving average is $27.26 and its 200 day moving average is $27.20. Sapiens International Co. has a 52 week low of $23.69 and a 52 week high of $41.22. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 22.26 and a beta of 0.95.

Sapiens International (NASDAQ:SPNS - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $136.11 million for the quarter, compared to analyst estimates of $136.25 million. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 EPS. As a group, equities analysts forecast that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Sapiens International Increases Dividend

The business also recently disclosed 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 positive change from Sapiens International's previous semi-annual dividend of $0.22. Sapiens International's payout ratio is currently 46.15%.

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.