Jane Street Group LLC raised its position in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 45.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,863 shares of the technology company's stock after purchasing an additional 24,890 shares during the period. Jane Street Group LLC owned 0.14% of Sapiens International worth $2,146,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of SPNS. Topline Capital Management LLC purchased a new stake in shares of Sapiens International during the fourth quarter worth $24,147,000. Royce & Associates LP lifted its position in shares of Sapiens International by 65.7% during the fourth quarter. Royce & Associates LP now owns 932,703 shares of the technology company's stock worth $25,062,000 after acquiring an additional 369,947 shares in the last quarter. Nine Ten Capital Management LLC lifted its position in shares of Sapiens International by 17.0% during the fourth quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company's stock worth $28,866,000 after acquiring an additional 155,880 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Sapiens International by 100.8% during the fourth quarter. Bank of New York Mellon Corp now owns 153,852 shares of the technology company's stock worth $4,134,000 after acquiring an additional 77,219 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Sapiens International by 10.9% during the fourth quarter. Wellington Management Group LLP now owns 659,524 shares of the technology company's stock worth $17,721,000 after acquiring an additional 64,972 shares in the last quarter. 30.73% of the stock is owned by institutional investors.
Sapiens International Price Performance
Shares of SPNS stock traded down $0.10 on Thursday, reaching $27.80. The company's stock had a trading volume of 122,765 shares, compared to its average volume of 154,878. The company has a quick ratio of 2.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.04. Sapiens International Co. has a 12-month low of $23.69 and a 12-month high of $41.22. The company has a market capitalization of $1.55 billion, a P/E ratio of 21.55 and a beta of 0.95. The stock's 50 day simple moving average is $27.14 and its 200-day simple moving average is $27.51.
Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The company had revenue of $136.11 million for the quarter, compared to the consensus estimate of $136.25 million. During the same quarter last year, the business posted $0.36 earnings per share. The firm's revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts predict that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.
Sapiens International Increases Dividend
The company also recently declared a semi-annual dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th were given a dividend of $0.66 per share. This is an increase from Sapiens International's previous semi-annual dividend of $0.22. The ex-dividend date of this dividend was Monday, April 7th. This represents a yield of 2.2%. Sapiens International's dividend payout ratio (DPR) is presently 46.15%.
Analysts Set New Price Targets
SPNS has been the topic of several recent research reports. Needham & Company LLC restated a "buy" rating and set a $35.00 target price on shares of Sapiens International in a research report on Wednesday, February 19th. Jefferies Financial Group downgraded Sapiens International from a "buy" rating to a "hold" rating and dropped their target price for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. Finally, Barclays increased their target price 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 issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $34.25.
View Our Latest Report on SPNS
Sapiens International Company Profile
(
Free Report)
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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