Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Acquires New Stake in Sapiens International Co. (NASDAQ:SPNS)

Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new position in Sapiens International Co. (NASDAQ:SPNS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 64,324 shares of the technology company's stock, valued at approximately $1,861,000. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management owned approximately 0.12% of Sapiens International at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SPNS. FMR LLC grew its stake in Sapiens International by 312.5% in the 1st quarter. FMR LLC now owns 1,613 shares of the technology company's stock worth $35,000 after acquiring an additional 1,222 shares in the last quarter. State of Tennessee Treasury Department bought a new position in shares of Sapiens International during the second quarter valued at approximately $99,000. Morgan Dempsey Capital Management LLC boosted its stake in shares of Sapiens International by 37.2% during the third quarter. Morgan Dempsey Capital Management LLC now owns 3,841 shares of the technology company's stock valued at $109,000 after purchasing an additional 1,041 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Sapiens International by 402.5% during the third quarter. Tower Research Capital LLC TRC now owns 6,508 shares of the technology company's stock valued at $124,000 after purchasing an additional 5,213 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Sapiens International during the third quarter valued at approximately $133,000. 30.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SPNS has been the topic of a number of recent research reports. The Goldman Sachs Group increased their price objective on shares of Sapiens International from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, February 21st. Barclays increased their price objective on shares of Sapiens International from $28.00 to $30.00 and gave the company an "underweight" rating in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.33.

Sapiens International Stock Up 2.2 %

NASDAQ:SPNS traded up $0.70 during midday trading on Friday, reaching $32.16. 196,736 shares of the stock traded hands, compared to its average volume of 115,461. Sapiens International Co. has a 12-month low of $19.91 and a 12-month high of $32.33. The business has a 50-day moving average of $29.55 and a two-hundred day moving average of $27.91. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.08 and a current ratio of 2.11. The stock has a market capitalization of $1.77 billion, a PE ratio of 28.71 and a beta of 1.17.

Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its earnings results on Tuesday, February 20th. The technology company reported $0.36 EPS for the quarter, beating 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 company had revenue of $130.86 million during the quarter, compared to analysts' expectations of $130.85 million. During the same quarter in the prior year, the company posted $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 analysts forecast that Sapiens International Co. will post 1.37 earnings per share for the current fiscal year.

Sapiens International Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, April 18th. Shareholders of record on Friday, April 5th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 1.7%. This is a boost from Sapiens International's previous Semi-Annual dividend of $0.26. Sapiens International's dividend payout ratio (DPR) is currently 46.43%.

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.