Sapiens International (NASDAQ:SPNS) Downgraded by Wall Street Zen to "Hold"

Wall Street Zen lowered shares of Sapiens International (NASDAQ:SPNS - Free Report) from a buy rating to a hold rating in a research report released on Friday.

Separately, Barclays lifted their price objective on shares of Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Sapiens International currently has a consensus rating of "Hold" and a consensus target price of $34.25.

Sapiens International Price Performance

Shares of SPNS traded up $0.25 during trading hours on Friday, hitting $30.53. 150,449 shares of the stock were exchanged, compared to its average volume of 158,062. The business has a 50-day moving average of $29.04 and a 200-day moving average of $27.65. The firm has a market capitalization of $1.71 billion, a P/E ratio of 23.48 and a beta of 0.95. Sapiens International has a fifty-two week low of $23.69 and a fifty-two week high of $41.22.

Sapiens International (NASDAQ:SPNS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The technology company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The business had revenue of $136.11 million during the quarter, compared to analysts' expectations of $136.25 million. Sapiens International had a net margin of 13.37% and a return on equity of 17.30%. The business's quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.36 earnings per share. As a group, analysts forecast that Sapiens International will post 1.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Larson Financial Group LLC lifted its position in shares of Sapiens International by 2,216.7% during the first 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. GAMMA Investing LLC raised its position in Sapiens International by 73.1% in the second quarter. GAMMA Investing LLC now owns 919 shares of the technology company's stock worth $27,000 after acquiring an additional 388 shares during the period. Quarry LP bought a new stake in Sapiens International in the fourth quarter worth about $37,000. Mirae Asset Global Investments Co. Ltd. raised its position 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 acquiring an additional 4,689 shares during the period. Finally, AQR Capital Management LLC bought a new stake in Sapiens International in the first quarter worth about $209,000. 30.73% of the stock is owned by institutional investors.

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.