Federated Hermes Inc. Sells 23,036 Shares of Sapiens International Co. (NASDAQ:SPNS)

Federated Hermes Inc. trimmed its position in Sapiens International Co. (NASDAQ:SPNS - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,302 shares of the technology company's stock after selling 23,036 shares during the quarter. Federated Hermes Inc. owned 0.35% of Sapiens International worth $5,302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SPNS. National Bank of Canada FI purchased a new position in shares of Sapiens International during the third quarter valued at approximately $26,000. Blue Trust Inc. boosted its stake in shares of Sapiens International by 171.2% during the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock worth $36,000 after purchasing an additional 856 shares during the period. Morgan Dempsey Capital Management LLC increased its stake in Sapiens International by 8.8% in the fourth 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 during the period. 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 buying an additional 1,801 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Sapiens International during the 4th quarter valued at $262,000. 30.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Sapiens International Price Performance

Sapiens International stock traded up $0.04 during mid-day trading on Thursday, reaching $26.07. The company had a trading volume of 46,300 shares, compared to its average volume of 150,611. The stock's 50-day simple moving average is $26.99 and its 200-day simple moving average is $29.12. The company has a market capitalization of $1.46 billion, a P/E ratio of 20.29 and a beta of 1.10. 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 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 quarterly earnings data 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 firm had revenue of $134.31 million during the quarter, compared to analyst estimates of $135.89 million. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. On average, equities analysts predict that Sapiens International Co. will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

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