Sapiens International (NASDAQ:SPNS) Earns Hold (C) Rating from Weiss Ratings

Key Points

• Sapiens International (NASDAQ:SPNS) has received a "hold (c)" rating from Weiss Ratings, maintaining a cautious outlook on the stock amidst recent downgrades from analysts.
• The stock is currently trading at $42.98, with a 52-week low of $23.69, featuring a market capitalization of $2.40 billion.
• Significant institutional activity was observed, with multiple hedge funds increasing their positions, indicating confidence from larger investors despite the stock's hold rating.

Sapiens International (NASDAQ:SPNS - Get Free Report)'s stock had its "hold (c)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also recently commented on SPNS. Wall Street Zen cut Sapiens International from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Needham & Company LLC cut 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. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $31.33.

Sapiens International Stock Down 0.1%

NASDAQ:SPNS opened at $42.98 on Wednesday. Sapiens International has a 52 week low of $23.69 and a 52 week high of $43.18. The stock has a market capitalization of $2.40 billion, a PE ratio of 35.23 and a beta of 0.92. The stock's 50-day moving average price is $40.11 and its 200-day moving average price is $32.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Sapiens International by 2,507.5% during the 1st 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 last quarter. GAMMA Investing LLC boosted its holdings in shares of Sapiens International by 3,873.8% during the 1st quarter. GAMMA Investing LLC now owns 14,385 shares of the technology company's stock worth $390,000 after purchasing an additional 14,023 shares during the last quarter. Nuveen LLC acquired a new position in shares of Sapiens International during the 1st quarter worth approximately $7,044,000. Invesco Ltd. boosted its holdings in shares of Sapiens International by 20.8% during the 1st quarter. Invesco Ltd. now owns 26,635 shares of the technology company's stock worth $722,000 after purchasing an additional 4,595 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Sapiens International by 6.9% during the 1st quarter. Voya Investment Management LLC now owns 96,665 shares of the technology company's stock worth $2,619,000 after purchasing an additional 6,224 shares during the last quarter. 30.73% of the stock is currently owned by institutional investors and hedge funds.

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.

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