Sapiens International Corporation N.V. (NASDAQ:SPNS - Get Free Report) shares passed 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 trading hands.
Analyst Upgrades and Downgrades
Separately, Barclays raised their target price on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $34.25.
Check Out Our Latest Analysis on Sapiens International
Sapiens International Trading Up 2.1%
The firm has a market cap of $1.62 billion, a P/E ratio of 22.31 and a beta of 0.97. The company's 50-day moving average is $28.09 and its two-hundred day moving average is $27.34.
Sapiens International (NASDAQ:SPNS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $136.25 million. During the same quarter last year, the firm earned $0.36 EPS. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. Research analysts anticipate that Sapiens International Corporation N.V. will post 1.42 EPS for the current fiscal year.
Sapiens International Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a dividend yield of 2.2%. This is a boost from Sapiens International's previous semi-annual dividend of $0.22. Sapiens International's dividend payout ratio (DPR) is currently 46.15%.
Hedge Funds Weigh In On Sapiens International
Several hedge funds have recently modified their holdings of SPNS. Larson Financial Group LLC lifted its position in shares of Sapiens International by 2,216.7% during the 1st quarter. Larson Financial Group LLC now owns 973 shares of the technology company's stock worth $26,000 after buying an additional 931 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Sapiens International by 171.2% during the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock worth $36,000 after buying an additional 856 shares in the last quarter. Quarry LP bought a new position in shares of Sapiens International during the 4th quarter worth approximately $37,000. Mirae Asset Global Investments Co. Ltd. lifted its position 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 buying an additional 4,689 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC raised its holdings in shares of Sapiens International by 8.8% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company's stock worth $178,000 after purchasing an additional 539 shares during the period. Institutional investors own 30.73% of the company's stock.
About Sapiens International
(
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.
Featured Stories
Before you consider Sapiens International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sapiens International wasn't on the list.
While Sapiens International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
