Y.D. More Investments Ltd Has $2.03 Million Stock Holdings in Sapiens International Corporation N.V. (NASDAQ:SPNS)

Key Points

• Y.D. More Investments Ltd reduced its holdings in Sapiens International Corporation by 68.1% in Q1, now owning $2.03 million worth of stock, representing 0.13% of the company.
• Barclays raised their price target for Sapiens International from $28.00 to $31.00 while maintaining an "underweight" rating, with the consensus price target set at $31.33.
• Sapiens International reported a quarterly EPS of $0.37, exceeding estimates, with a revenue of $136.11 million, reflecting a 1.4% increase compared to the previous year.

Y.D. More Investments Ltd lowered its position in Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 68.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,742 shares of the technology company's stock after selling 159,555 shares during the quarter. Y.D. More Investments Ltd owned 0.13% of Sapiens International worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Sapiens International by 2,507.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock valued at $132,000 after acquiring an additional 4,689 shares during the last quarter. GAMMA Investing LLC increased its holdings in Sapiens International by 3,873.8% in the first quarter. GAMMA Investing LLC now owns 14,385 shares of the technology company's stock valued at $390,000 after purchasing an additional 14,023 shares during the period. MetLife Investment Management LLC raised its position in Sapiens International by 7.3% during the 4th quarter. MetLife Investment Management LLC now owns 18,535 shares of the technology company's stock worth $498,000 after purchasing an additional 1,263 shares during the last quarter. 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, Barclays PLC grew its position in shares of Sapiens International by 3.6% in the 4th quarter. Barclays PLC now owns 56,586 shares of the technology company's stock valued at $1,520,000 after buying an additional 1,946 shares during the last quarter. Institutional investors own 30.73% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SPNS shares. Barclays raised their price objective on Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th. Wall Street Zen lowered shares of Sapiens International from a "buy" rating to a "hold" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $31.33.

Sapiens International Trading Down 0.4%

Shares of Sapiens International stock opened at $26.85 on Thursday. The business has a 50-day moving average price of $29.06 and a two-hundred day moving average price of $27.82. Sapiens International Corporation N.V. has a 1-year low of $23.69 and a 1-year high of $39.99. The company has a market cap of $1.50 billion, a P/E ratio of 20.65 and a beta of 0.93.

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 17.30% and a net margin of 13.37%. 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. Equities research analysts forecast that Sapiens International Corporation N.V. will post 1.42 EPS for the current fiscal year.

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.

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