Y.D. More Investments Ltd Cuts 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 reduced its stake in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS - Free Report) by 68.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Royce & Associates LP raised its position in Sapiens International by 25.9% in the 1st quarter. Royce & Associates LP now owns 1,174,043 shares of the technology company's stock valued at $31,805,000 after buying an additional 241,340 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 purchasing an additional 32,126 shares in the last quarter. Nine Ten Capital Management LLC boosted its position in shares of Sapiens International by 17.0% during the 4th quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company's stock valued at $28,866,000 after purchasing an additional 155,880 shares in the last quarter. Topline Capital Management LLC bought a new position in Sapiens International in the fourth quarter worth approximately $24,147,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Sapiens International by 10.9% in the fourth quarter. Wellington Management Group LLP now owns 659,524 shares of the technology company's stock valued at $17,721,000 after purchasing an additional 64,972 shares in the last quarter. Institutional investors own 30.73% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPNS. Wall Street Zen cut Sapiens International from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Barclays lifted their price target on Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $31.33.

Sapiens International Stock Up 8.0%

NASDAQ:SPNS traded up $2.12 during mid-day trading on Monday, hitting $28.64. 508,041 shares of the company traded hands, compared to its average volume of 184,068. The stock's fifty day moving average price is $28.97 and its 200-day moving average price is $27.85. Sapiens International Corporation N.V. has a one year low of $23.69 and a one year high of $39.99. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 22.06 and a beta of 0.93.

Sapiens International (NASDAQ:SPNS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. Sapiens International had a return on equity of 17.30% and a net margin of 13.37%. The business had revenue of $136.11 million for the quarter, compared to analyst estimates of $136.25 million. During the same period in the prior year, the company earned $0.36 earnings per share. The company's revenue was up 1.4% on a year-over-year basis. Equities analysts predict that Sapiens International Corporation N.V. will post 1.42 EPS for the current year.

Sapiens International Company 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.