Foundry Partners LLC Has $3.39 Million Position in Sapiens International Co. (NASDAQ:SPNS)

Foundry Partners LLC lifted its holdings in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 32.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,044 shares of the technology company's stock after purchasing an additional 28,938 shares during the quarter. Foundry Partners LLC owned approximately 0.21% of Sapiens International worth $3,387,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SPNS. Meeder Asset Management Inc. bought a new stake in shares of Sapiens International during the 4th quarter worth $25,000. Morgan Dempsey Capital Management LLC boosted its holdings in shares of Sapiens International by 37.2% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 3,841 shares of the technology company's stock worth $109,000 after buying an additional 1,041 shares during the period. SG Americas Securities LLC bought a new stake in shares of Sapiens International during the 3rd quarter worth $133,000. MQS Management LLC bought a new stake in shares of Sapiens International during the 3rd quarter worth $225,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Sapiens International during the 3rd quarter worth $254,000. Institutional investors and hedge funds own 30.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SPNS. The Goldman Sachs Group increased their price target 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 increased their price target 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 company's stock. Based on data from MarketBeat, Sapiens International presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.33.

Sapiens International Price Performance

Shares of NASDAQ:SPNS traded up $0.23 during midday trading on Tuesday, reaching $30.69. 64,108 shares of the company's stock were exchanged, compared to its average volume of 124,437. The company's 50 day simple moving average is $30.62 and its two-hundred day simple moving average is $28.19. The firm has a market capitalization of $1.69 billion, a PE ratio of 27.40 and a beta of 1.16. Sapiens International Co. has a 12 month low of $19.91 and a 12 month 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.

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 analysts' consensus estimates of $0.34 by $0.02. The company had revenue of $130.86 million during the quarter, compared to the consensus estimate of $130.85 million. Sapiens International had a net margin of 12.14% and a return on equity of 16.92%. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. Equities research analysts expect that Sapiens International Co. will post 1.37 earnings per share for the current fiscal year.

Sapiens International Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, April 18th. Stockholders of record on Friday, April 5th were issued a dividend of $0.28 per share. This represents a dividend yield of 1.7%. This is an increase from Sapiens International's previous Semi-Annual dividend of $0.26. The ex-dividend date of this dividend was Thursday, April 4th. Sapiens International's dividend payout ratio (DPR) is presently 50.00%.

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.