Sapiens International Co. (NASDAQ:SPNS) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its position in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 8.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,295,832 shares of the technology company's stock after acquiring an additional 106,358 shares during the period. Vanguard Group Inc. owned approximately 2.35% of Sapiens International worth $36,841,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPNS. FMR LLC lifted its holdings in shares of Sapiens International by 312.5% in the first quarter. FMR LLC now owns 1,613 shares of the technology company's stock valued at $35,000 after purchasing an additional 1,222 shares in the last quarter. State of Tennessee Treasury Department purchased a new stake in shares of Sapiens International during the 2nd quarter valued at $99,000. Morgan Dempsey Capital Management LLC raised its position in Sapiens International by 37.2% in the third quarter. Morgan Dempsey Capital Management LLC now owns 3,841 shares of the technology company's stock worth $109,000 after acquiring an additional 1,041 shares during the period. Tower Research Capital LLC TRC grew its holdings in 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 during the period. Finally, SG Americas Securities LLC purchased a new stake in Sapiens International during the third quarter valued at about $133,000. Institutional investors own 30.73% of the company's stock.

Sapiens International Price Performance

SPNS traded up $0.62 during midday trading on Thursday, hitting $31.68. The stock had a trading volume of 90,479 shares, compared to its average volume of 122,498. Sapiens International Co. has a 1 year low of $19.91 and a 1 year high of $35.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.11 and a current ratio of 2.11. The business has a fifty day moving average of $30.23 and a 200 day moving average of $28.09. The company has a market cap of $1.75 billion, a P/E ratio of 28.29 and a beta of 1.16.

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

Sapiens International Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, April 18th. Shareholders of record on Friday, April 5th will be paid a $0.28 dividend. This is a positive change from Sapiens International's previous Semi-Annual dividend of $0.26. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 1.7%. Sapiens International's dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays upped their price target on Sapiens International from $28.00 to $30.00 and gave the company an "underweight" rating in a research report on Wednesday, February 21st. The Goldman Sachs Group raised their price objective on shares of Sapiens International from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.33.

About Sapiens International

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.