Sapiens International (NASDAQ:SPNS) Given Buy Rating at Needham & Company LLC

Sapiens International (NASDAQ:SPNS - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Needham & Company LLC in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $38.00 price target on the technology company's stock. Needham & Company LLC's price target suggests a potential upside of 13.37% from the company's previous close.

A number of other equities research analysts also recently weighed in on the stock. Barclays boosted their price target on shares of Sapiens International from $28.00 to $30.00 and gave the stock an "underweight" rating in a research note on Wednesday, February 21st. The Goldman Sachs Group increased their price target on Sapiens International from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.33.

Sapiens International Price Performance

Shares of SPNS traded up $2.14 during mid-day trading on Wednesday, hitting $33.52. 234,089 shares of the company traded hands, compared to its average volume of 128,451. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average of $31.01 and a 200 day moving average of $28.58. Sapiens International has a one year low of $22.41 and a one year high of $35.33. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 29.93 and a beta of 1.17.

Sapiens International (NASDAQ:SPNS - Get Free Report) last released its earnings results on Tuesday, February 20th. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $130.86 million during the quarter, compared to analysts' expectations of $130.85 million. Sapiens International had a return on equity of 16.92% and a net margin of 12.14%. The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $0.31 EPS. As a group, equities analysts expect that Sapiens International will post 1.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sapiens International

Hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in Sapiens International in the fourth quarter valued at approximately $25,000. Financial Management Professionals Inc. bought a new stake in shares of Sapiens International in the first quarter valued at about $40,000. Psagot Value Holdings Ltd. Israel bought a new position in shares of Sapiens International during the fourth quarter worth about $41,000. SG Americas Securities LLC acquired a new stake in Sapiens International in the 3rd quarter valued at approximately $133,000. Finally, Foyston Gordon & Payne Inc acquired a new position in Sapiens International during the 1st quarter worth approximately $217,000. Institutional investors and hedge funds own 30.73% of the company's stock.

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.