Sapiens International Co. (NASDAQ:SPNS - Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 833,600 shares, an increase of 117.4% from the April 30th total of 383,400 shares. Based on an average daily trading volume, of 160,900 shares, the short-interest ratio is currently 5.2 days. Approximately 2.7% of the company's stock are sold short.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Jefferies Financial Group cut Sapiens International from a "buy" rating to a "hold" rating and cut their price target for the company from $36.00 to $28.00 in a research note on Monday, February 3rd. Barclays raised their price target on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC restated a "buy" rating and issued a $35.00 price target on shares of Sapiens International in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Sapiens International has an average rating of "Hold" and a consensus target price of $34.25.
Check Out Our Latest Stock Analysis on SPNS
Hedge Funds Weigh In On Sapiens International
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Dempsey Capital Management LLC grew its holdings in shares of Sapiens International by 8.8% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company's stock worth $178,000 after buying an additional 539 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Sapiens International by 6.5% in the 4th 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 in the last quarter. Blue Trust Inc. boosted its holdings in Sapiens International by 171.2% in the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Sapiens International by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,096 shares of the technology company's stock valued at $1,991,000 after purchasing an additional 874 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Sapiens International by 2,216.7% in the 1st quarter. Larson Financial Group LLC now owns 973 shares of the technology company's stock valued at $26,000 after purchasing an additional 931 shares in the last quarter. Hedge funds and other institutional investors own 30.73% of the company's stock.
Sapiens International Stock Performance
Shares of SPNS stock traded up $0.07 during mid-day trading on Tuesday, hitting $28.67. 22,167 shares of the stock were exchanged, compared to its average volume of 154,854. The stock's fifty day simple moving average is $27.26 and its two-hundred day simple moving average is $27.20. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 22.22 and a beta of 0.95. Sapiens International has a 12-month low of $23.69 and a 12-month high of $41.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.24.
Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $136.11 million for 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%. The business's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 earnings per share. On average, analysts forecast that Sapiens International 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 issued a dividend of $0.66 per share. This is a positive change from Sapiens International's previous semi-annual dividend of $0.22. The ex-dividend date of this dividend was Monday, April 7th. This represents a dividend yield of 2.2%. Sapiens International's dividend payout ratio (DPR) is presently 46.15%.
About Sapiens International
(
Get Free Report)
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.
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