Sapiens International Co. (NASDAQ:SPNS) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC increased its position in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 45.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 0.14% of Sapiens International worth $2,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SPNS. Blue Trust Inc. lifted its holdings in shares of Sapiens International by 171.2% during the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock valued at $36,000 after purchasing an additional 856 shares in the last quarter. Quarry LP purchased a new position in shares of Sapiens International during the fourth quarter valued at approximately $37,000. Morgan Dempsey Capital Management LLC grew its position in Sapiens International by 8.8% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company's stock worth $178,000 after purchasing an additional 539 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Sapiens International by 28.6% during the 4th quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company's stock valued at $218,000 after buying an additional 1,801 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Sapiens International in the 4th quarter worth $245,000. 30.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SPNS has been the topic of several recent research reports. Jefferies Financial Group cut shares of Sapiens International from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $36.00 to $28.00 in a research note on Monday, February 3rd. Needham & Company LLC restated a "buy" rating and issued a $35.00 price objective on shares of Sapiens International in a research note on Wednesday, February 19th. Finally, Barclays lifted their target price on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $34.25.

Sapiens International Price Performance

Shares of SPNS stock traded down $0.12 on Tuesday, reaching $28.20. The company's stock had a trading volume of 102,701 shares, compared to its average volume of 155,122. The stock's fifty day simple moving average is $27.12 and its 200-day simple moving average is $27.57. Sapiens International Co. has a 1 year low of $23.69 and a 1 year high of $41.22. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 21.86 and a beta of 0.95. 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 released its quarterly earnings data on Thursday, May 8th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $136.11 million during the quarter, compared to analysts' expectations of $136.25 million. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The firm's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. Analysts forecast that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.

Sapiens International Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, April 7th were given 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 an increase from Sapiens International's previous semi-annual dividend of $0.22. Sapiens International's payout ratio is presently 46.15%.

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.