Nine Ten Capital Management LLC Purchases 155,880 Shares of Sapiens International Co. (NASDAQ:SPNS)

Nine Ten Capital Management LLC raised its stake in shares of Sapiens International Co. (NASDAQ:SPNS - Free Report) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,074,291 shares of the technology company's stock after purchasing an additional 155,880 shares during the quarter. Sapiens International accounts for 8.2% of Nine Ten Capital Management LLC's portfolio, making the stock its 6th largest holding. Nine Ten Capital Management LLC owned approximately 1.92% of Sapiens International worth $28,866,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. grew its position in Sapiens International by 171.2% in the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock valued at $36,000 after acquiring an additional 856 shares during the period. Morgan Dempsey Capital Management LLC increased its position in shares of Sapiens International by 8.8% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company's stock worth $178,000 after purchasing an additional 539 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Sapiens International by 28.6% during the 4th quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company's stock valued at $218,000 after purchasing an additional 1,801 shares during the last quarter. Jump Financial LLC acquired a new position in Sapiens International in the fourth quarter valued at about $245,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Sapiens International during the fourth quarter worth about $262,000. 30.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Jefferies Financial Group downgraded Sapiens International from a "buy" rating to a "hold" rating and reduced their target price for the stock from $36.00 to $28.00 in a report on Monday, February 3rd. Barclays cut their price target on Sapiens International from $30.00 to $28.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. Finally, Needham & Company LLC restated a "buy" rating and issued a $35.00 price objective on shares of Sapiens International in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Sapiens International currently has a consensus rating of "Hold" and a consensus price target of $33.50.

Sapiens International Trading Up 1.4 %

Shares of SPNS traded up $0.37 during trading hours on Thursday, hitting $27.63. 55,413 shares of the stock traded hands, compared to its average volume of 151,006. The business has a fifty day moving average of $26.96 and a 200-day moving average of $28.76. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.54 billion, a PE ratio of 21.42 and a beta of 1.10. Sapiens International Co. has a 1-year low of $23.69 and a 1-year high of $41.22.

Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $134.31 million during the quarter, compared to the consensus estimate of $135.89 million. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. Analysts expect that Sapiens International Co. will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, April 7th were paid a $0.66 dividend. The ex-dividend date was Monday, April 7th. This represents a dividend yield of 2.2%. This is an increase from Sapiens International's previous semi-annual dividend of $0.22. Sapiens International's dividend payout ratio is 46.51%.

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.