Sapiens International Corporation N.V. (NASDAQ:SPNS) Receives Average Rating of "Reduce" from Brokerages

Key Points

• Sapiens International Corporation N.V. has received an average broker rating of "Reduce", with one analyst suggesting a sell rating and four assigning a hold rating.
• The average twelve-month price target set by analysts for Sapiens is $31.33, significantly below its recent trading price of $43.02.
• Hedge funds and institutional investors have shown increased interest, with several firms significantly raising their holdings in Sapiens International over recent quarters.

Sapiens International Corporation N.V. (NASDAQ:SPNS - Get Free Report) has been assigned an average rating of "Reduce" from the five ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.3333.

A number of analysts have recently issued reports on SPNS shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sapiens International in a report on Saturday, September 27th. Wall Street Zen cut shares of Sapiens International from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Needham & Company LLC cut shares of Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 target price on the stock. in a research report on Wednesday, August 13th.

Sapiens International Price Performance

NASDAQ:SPNS traded up $0.01 during trading hours on Friday, hitting $43.02. The stock had a trading volume of 489,853 shares, compared to its average volume of 694,327. The company has a 50 day simple moving average of $39.26 and a two-hundred day simple moving average of $31.97. Sapiens International has a one year low of $23.69 and a one year high of $43.18. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 35.26 and a beta of 0.92.

Hedge Funds Weigh In On Sapiens International

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of Sapiens International by 73.1% during the second quarter. GAMMA Investing LLC now owns 919 shares of the technology company's stock valued at $27,000 after buying an additional 388 shares during the period. Larson Financial Group LLC grew its holdings in Sapiens International by 2,216.7% in the first quarter. Larson Financial Group LLC now owns 973 shares of the technology company's stock worth $26,000 after purchasing an additional 931 shares during the period. CWM LLC grew its holdings in Sapiens International by 262.5% in the second quarter. CWM LLC now owns 1,526 shares of the technology company's stock worth $45,000 after purchasing an additional 1,105 shares during the period. Tower Research Capital LLC TRC grew its holdings in Sapiens International by 333.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,975 shares of the technology company's stock worth $116,000 after purchasing an additional 3,058 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Sapiens International by 2,507.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company's stock worth $132,000 after purchasing an additional 4,689 shares during the period. Hedge funds and other institutional investors own 30.73% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.