Sapiens International Corporation N.V. (NASDAQ:SPNS) Given Average Rating of "Hold" by Brokerages

Sapiens International Corporation N.V. (NASDAQ:SPNS - Get Free Report) has received a consensus recommendation of "Hold" from the five brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $34.25.

Separately, Barclays lifted their price objective on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a report on Friday, May 9th.

Sapiens International Trading Up 1.1%

NASDAQ:SPNS opened at $29.67 on Thursday. Sapiens International has a twelve month low of $23.69 and a twelve month high of $41.22. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 22.82 and a beta of 0.95. The stock has a fifty day simple moving average of $28.51 and a 200-day simple moving average of $27.40.

Sapiens International (NASDAQ:SPNS - Get Free Report) last released 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. The firm had revenue of $136.11 million during the quarter, compared to the consensus estimate of $136.25 million. Sapiens International had a return on equity of 17.30% and a net margin of 13.37%. The firm's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. As a group, equities research analysts predict that Sapiens International will post 1.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Sapiens International

A number of large investors have recently added to or reduced their stakes in SPNS. Principal Financial Group Inc. raised its holdings 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 worth $279,000 after purchasing an additional 633 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Sapiens International in the fourth quarter worth about $262,000. Bank of New York Mellon Corp raised its holdings 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 purchasing an additional 77,219 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Sapiens International by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,096 shares of the technology company's stock worth $1,991,000 after purchasing an additional 874 shares in the last quarter. Finally, Seizert Capital Partners LLC raised its holdings in Sapiens International by 47.8% in the fourth quarter. Seizert Capital Partners LLC now owns 189,365 shares of the technology company's stock worth $5,088,000 after purchasing an additional 61,200 shares in the last quarter. 30.73% of the stock is currently owned by institutional investors.

About Sapiens International

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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