Sapiens International Corporation N.V. (NASDAQ:SPNS) Given Consensus Recommendation of "Hold" by Analysts

Sapiens International Corporation N.V. (NASDAQ:SPNS - Get Free Report) has received an average rating of "Hold" from the five research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $34.25.

A number of research firms have recently commented on SPNS. Barclays lifted their target price on Sapiens International from $28.00 to $31.00 and gave the stock an "underweight" rating in a research note on Friday, May 9th. Wall Street Zen upgraded Sapiens International from a "hold" rating to a "buy" rating in a research note on Saturday.

Institutional Investors Weigh In On Sapiens International

Large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased 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 worth $26,000 after acquiring an additional 931 shares during the last quarter. Quarry LP purchased a new stake in Sapiens International in the 4th quarter worth about $37,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Sapiens International by 2,507.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock worth $132,000 after acquiring an additional 4,689 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Sapiens International in the 1st quarter worth about $209,000. Finally, HighTower Advisors LLC increased its holdings in Sapiens International by 28.6% in the 4th quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company's stock worth $218,000 after acquiring an additional 1,801 shares during the last quarter. Hedge funds and other institutional investors own 30.73% of the company's stock.

Sapiens International Stock Up 1.2%

NASDAQ:SPNS traded up $0.37 during trading hours on Thursday, hitting $30.04. 83,152 shares of the company traded hands, compared to its average volume of 159,170. The firm's 50-day simple moving average is $28.60 and its 200-day simple moving average is $27.41. Sapiens International has a one year low of $23.69 and a one year high of $41.22. The company has a market cap of $1.68 billion, a PE ratio of 23.10 and a beta of 0.95.

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 for the quarter, beating the consensus estimate of $0.35 by $0.02. Sapiens International had a return on equity of 17.30% and a net margin of 13.37%. The business had revenue of $136.11 million for the quarter, compared to analysts' expectations of $136.25 million. During the same period last year, the business earned $0.36 EPS. The business's revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts expect that Sapiens International will post 1.42 EPS for the current year.

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.