Sapiens International Co. (NASDAQ:SPNS - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $32.38 and last traded at $32.30, with a volume of 42514 shares trading hands. The stock had previously closed at $32.03.
Wall Street Analysts Forecast Growth
SPNS has been the topic of several research reports. The Goldman Sachs Group upped their price objective on shares of Sapiens International from $34.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Barclays upped their price objective on shares of Sapiens International from $28.00 to $30.00 and gave the company an "underweight" rating in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.33.
Check Out Our Latest Report on SPNS
Sapiens International Price Performance
The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 28.68 and a beta of 1.16. The company's 50 day moving average is $29.79 and its 200 day moving average is $27.98. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.09.
Sapiens International (NASDAQ:SPNS - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. Sapiens International had a net margin of 12.14% and a return on equity of 16.92%. The business had revenue of $130.86 million for the quarter, compared to analyst estimates of $130.85 million. During the same period last year, the firm earned $0.31 earnings per share. Sapiens International's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts anticipate that Sapiens International Co. will post 1.37 earnings per share for the current fiscal year.
Sapiens International Increases Dividend
The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, April 18th. Investors of record on Friday, April 5th will be given a dividend of $0.28 per share. This represents a yield of 1.7%. This is a positive change from Sapiens International's previous Semi-Annual dividend of $0.26. The ex-dividend date is Thursday, April 4th. Sapiens International's dividend payout ratio (DPR) is currently 46.43%.
Hedge Funds Weigh In On Sapiens International
A number of hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in Sapiens International by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 80,168 shares of the technology company's stock valued at $2,036,000 after buying an additional 485 shares during the period. Rhumbline Advisers increased its holdings in Sapiens International by 2.7% in the 1st quarter. Rhumbline Advisers now owns 29,814 shares of the technology company's stock valued at $757,000 after buying an additional 796 shares during the period. Westwood Holdings Group Inc. bought a new position in Sapiens International in the 1st quarter valued at about $228,000. Dimensional Fund Advisors LP increased its holdings in Sapiens International by 9.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 528,509 shares of the technology company's stock valued at $13,419,000 after buying an additional 43,672 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Sapiens International by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 993,460 shares of the technology company's stock valued at $25,224,000 after buying an additional 16,306 shares during the period. 30.73% of the stock is owned by institutional investors.
About Sapiens International
(
Get 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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