Sapiens International Corporation N.V. (NASDAQ:SPNS - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.35 and traded as high as $28.80. Sapiens International shares last traded at $28.42, with a volume of 104,700 shares changing hands.
Wall Street Analyst Weigh In
Separately, Barclays lifted their target price 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, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $34.25.
Check Out Our Latest Analysis on SPNS
Sapiens International Stock Performance
The stock has a market cap of $1.59 billion, a PE ratio of 21.84 and a beta of 0.97. The firm has a 50-day moving average price of $27.99 and a 200-day moving average price of $27.35.
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 analysts' consensus estimates of $0.35 by $0.02. Sapiens International had a net margin of 13.37% and a return on equity of 17.30%. The business had revenue of $136.11 million during the quarter, compared to analyst estimates of $136.25 million. During the same period last year, the business earned $0.36 EPS. Sapiens International's revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sapiens International Corporation N.V. will post 1.42 EPS for the current fiscal year.
Sapiens International Increases Dividend
The firm also recently announced a semi-annual dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th were paid a dividend of $0.66 per share. This represents a yield of 2.2%. This is an increase from Sapiens International's previous semi-annual dividend of $0.22. The ex-dividend date was Monday, April 7th. Sapiens International's dividend payout ratio (DPR) is currently 46.15%.
Institutional Trading of Sapiens International
A number of institutional investors and hedge funds have recently modified their holdings of the business. Morgan Dempsey Capital Management LLC boosted its position in shares of Sapiens International by 8.8% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company's stock valued at $178,000 after buying an additional 539 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Sapiens International by 6.5% during the 4th quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company's stock valued at $279,000 after acquiring an additional 633 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Sapiens International by 171.2% in the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock worth $36,000 after acquiring an additional 856 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of 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 acquiring an additional 874 shares during the period. Finally, Larson Financial Group LLC raised its holdings 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 during the last quarter. Institutional investors own 30.73% of the company's stock.
Sapiens International Company Profile
(
Get Free Report)
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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