Janus Henderson Group PLC lifted its holdings in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 644,851 shares of the technology company's stock after buying an additional 41,422 shares during the quarter. Janus Henderson Group PLC owned about 1.15% of Sapiens International worth $17,327,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Deutsche Bank AG raised its holdings in Sapiens International by 15.4% during the 4th quarter. Deutsche Bank AG now owns 67,865 shares of the technology company's stock valued at $1,824,000 after acquiring an additional 9,078 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Sapiens International in the fourth quarter valued at $1,849,000. Aptus Capital Advisors LLC raised its stake in shares of Sapiens International by 22.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 196,545 shares of the technology company's stock valued at $5,281,000 after purchasing an additional 36,005 shares during the period. Jane Street Group LLC lifted its holdings in Sapiens International by 45.3% during the 4th quarter. Jane Street Group LLC now owns 79,863 shares of the technology company's stock worth $2,146,000 after purchasing an additional 24,890 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Sapiens International by 1.2% during the 4th quarter. Northern Trust Corp now owns 226,353 shares of the technology company's stock worth $6,082,000 after purchasing an additional 2,641 shares in the last quarter. 30.73% of the stock is owned by institutional investors.
Sapiens International Price Performance
NASDAQ SPNS traded down $0.17 during trading on Wednesday, reaching $28.04. The company's stock had a trading volume of 11,738 shares, compared to its average volume of 154,780. The firm has a fifty day moving average of $27.14 and a 200 day moving average of $27.58. Sapiens International Co. has a one year low of $23.69 and a one year high of $41.22. The stock has a market capitalization of $1.57 billion, a PE ratio of 21.73 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.18.
Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $136.11 million during 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%. Sapiens International's revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Analysts expect that Sapiens International Co. will post 1.42 EPS for the current fiscal year.
Sapiens International Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, April 7th were issued a $0.66 dividend. This is a positive change from Sapiens International's previous semi-annual dividend of $0.22. The ex-dividend date was Monday, April 7th. This represents a dividend yield of 2.2%. Sapiens International's dividend payout ratio is presently 46.15%.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Barclays lifted their target price on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $35.00 price objective on shares of Sapiens International in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group lowered shares of Sapiens International from a "buy" rating to a "hold" rating and decreased their target price for the stock from $36.00 to $28.00 in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $34.25.
Check Out Our Latest Stock Report on Sapiens International
Sapiens International 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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