Jump Financial LLC Purchases Shares of 9,100 Sapiens International Co. (NASDAQ:SPNS)

Jump Financial LLC bought a new stake in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,100 shares of the technology company's stock, valued at approximately $245,000.

Other large investors also recently modified their holdings of the company. Lord Abbett & CO. LLC grew its holdings in Sapiens International by 451.9% during the third quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company's stock valued at $42,168,000 after purchasing an additional 926,405 shares during the period. Royce & Associates LP lifted its position in shares of Sapiens International by 65.7% during the 4th quarter. Royce & Associates LP now owns 932,703 shares of the technology company's stock valued at $25,062,000 after buying an additional 369,947 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Sapiens International by 100.8% during the 4th 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 during the period. Wellington Management Group LLP increased its holdings in Sapiens International by 10.9% in the 4th 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 during the last quarter. Finally, Seizert Capital Partners LLC raised its stake in Sapiens International by 47.8% in the 4th quarter. Seizert Capital Partners LLC now owns 189,365 shares of the technology company's stock valued at $5,088,000 after acquiring an additional 61,200 shares during the period. Hedge funds and other institutional investors own 30.73% of the company's stock.

Sapiens International Price Performance

Sapiens International stock traded up $0.71 during midday trading on Friday, reaching $28.03. 17,657 shares of the stock were exchanged, compared to its average volume of 151,492. Sapiens International Co. has a 52 week low of $23.69 and a 52 week high of $41.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.24. The firm has a market cap of $1.57 billion, a PE ratio of 21.72 and a beta of 1.10. The company's fifty day moving average is $26.93 and its 200-day moving average is $28.41.

Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The business had revenue of $134.31 million for the quarter, compared to analysts' expectations of $135.89 million. On average, sell-side analysts forecast that Sapiens International Co. will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th were paid a $0.66 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend was Monday, April 7th. This is a boost from Sapiens International's previous semi-annual dividend of $0.22. Sapiens International's payout ratio is currently 46.51%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Needham & Company LLC reiterated 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 lowered shares of Sapiens International from a "buy" rating to a "hold" rating and reduced their price objective for the company from $36.00 to $28.00 in a research note on Monday, February 3rd. Finally, Barclays lowered their target price on shares of Sapiens International from $30.00 to $28.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Sapiens International has a consensus rating of "Hold" and a consensus price target of $33.50.

Sapiens International 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.