Brokerages Set Sapiens International Co. (NASDAQ:SPNS) Target Price at $34.25

Sapiens International Co. (NASDAQ:SPNS - Get Free Report) has earned an average recommendation of "Hold" from the five research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $34.25.

A number of research analysts recently weighed in on SPNS shares. Needham & Company LLC reissued a "buy" rating and set a $35.00 price target on shares of Sapiens International in a research report on Wednesday, February 19th. Barclays lifted their target price on shares of Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a research report on Friday, May 9th.

Institutional Trading of Sapiens International

Several hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of Sapiens International by 415.1% during the 3rd quarter. Barclays PLC now owns 54,640 shares of the technology company's stock valued at $2,036,000 after acquiring an additional 44,033 shares during the period. Blue Trust Inc. lifted its stake 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 purchasing an additional 856 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Sapiens International by 6.5% in the fourth quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company's stock valued at $279,000 after purchasing an additional 633 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Sapiens International during the fourth quarter valued at $262,000. Finally, Bank of New York Mellon Corp increased its position in Sapiens International by 100.8% in the fourth quarter. Bank of New York Mellon Corp now owns 153,852 shares of the technology company's stock worth $4,134,000 after buying an additional 77,219 shares during the last quarter. Institutional investors own 30.73% of the company's stock.

Sapiens International Stock Down 1.4%

Shares of SPNS stock traded down $0.42 during trading hours on Friday, reaching $29.28. The company had a trading volume of 95,726 shares, compared to its average volume of 156,391. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 22.70 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.18. Sapiens International has a 12 month low of $23.69 and a 12 month high of $41.22. The business has a fifty day simple moving average of $27.52 and a 200-day simple moving average of $27.29.

Sapiens International (NASDAQ:SPNS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The technology company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. The business had revenue of $136.11 million during the quarter, compared to analyst estimates of $136.25 million. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. Sapiens International's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. On average, research analysts expect that Sapiens International will post 1.42 earnings per share for the current fiscal year.

Sapiens International Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, April 7th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a yield of 2.2%. This is a positive change from Sapiens International's previous semi-annual dividend of $0.22. Sapiens International's dividend payout ratio is presently 46.15%.

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.