Wall Street Zen Downgrades Sapiens International (NASDAQ:SPNS) to Hold

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

Separately, Barclays upped their target price on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research report on Friday, May 9th. One investment 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 presently has an average rating of "Hold" and a consensus price target of $34.25.

Sapiens International Stock Down 0.0%

Shares of NASDAQ SPNS traded down $0.01 during midday trading on Friday, hitting $30.05. The company had a trading volume of 218,749 shares, compared to its average volume of 158,209. The business has a 50-day simple moving average of $28.96 and a two-hundred day simple moving average of $27.59. Sapiens International has a twelve month low of $23.69 and a twelve month high of $41.22. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 23.12 and a beta of 0.95.

Sapiens International (NASDAQ:SPNS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $136.11 million for the quarter, compared to the consensus estimate of $136.25 million. Sapiens International had a net margin of 13.37% and a return on equity of 17.30%. The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, equities analysts forecast that Sapiens International will post 1.42 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP increased its position in Sapiens International by 25.9% in the 1st quarter. Royce & Associates LP now owns 1,174,043 shares of the technology company's stock valued at $31,805,000 after acquiring an additional 241,340 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Sapiens International by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,077,821 shares of the technology company's stock valued at $28,961,000 after purchasing an additional 32,126 shares during the period. Nine Ten Capital Management LLC raised its stake in shares of Sapiens International by 17.0% during the fourth quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company's stock valued at $28,866,000 after purchasing an additional 155,880 shares in the last quarter. Topline Capital Management LLC lifted its holdings in Sapiens International by 5.2% in the first quarter. Topline Capital Management LLC now owns 945,377 shares of the technology company's stock worth $25,610,000 after purchasing an additional 46,715 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Sapiens International by 8.1% in the first quarter. Wellington Management Group LLP now owns 713,109 shares of the technology company's stock worth $19,318,000 after purchasing an additional 53,585 shares during the period. 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.