Sapiens International (NASDAQ:SPNS) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Sapiens International Corporation shares crossed above their two hundred day moving average at $31.60, trading as high as $43.06 and closing at $42.95.
• Recent analyst downgrades have placed a hold rating on the stock, with a target price of $35.00 and a consensus rating of "Reduce" with a price target of $31.33.
• Institutional investors have shown increased investments in Sapiens International, with firms like Two Sigma and Wellington Management significantly raising their stakes in the company.

Sapiens International Corporation N.V. (NASDAQ:SPNS - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.60 and traded as high as $43.06. Sapiens International shares last traded at $42.95, with a volume of 960,116 shares.

Analyst Ratings Changes

SPNS has been the topic of several recent analyst reports. Needham & Company LLC downgraded Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 target price on the stock. in a report on Wednesday, August 13th. Wall Street Zen lowered Sapiens International from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $31.33.

Sapiens International Trading Down 0.1%

The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 35.20 and a beta of 0.95. The company has a 50 day moving average price of $38.19 and a 200 day moving average price of $31.60.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Two Sigma Investments LP raised its stake in shares of Sapiens International by 34.8% during the fourth quarter. Two Sigma Investments LP now owns 10,046 shares of the technology company's stock worth $270,000 after buying an additional 2,594 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Sapiens International during the 4th quarter worth $310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Sapiens International by 8.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,851 shares of the technology company's stock valued at $1,017,000 after acquiring an additional 3,016 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Sapiens International by 10.9% in the 4th quarter. Wellington Management Group LLP now owns 659,524 shares of the technology company's stock valued at $17,721,000 after purchasing an additional 64,972 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Sapiens International by 3,873.8% in the 1st quarter. GAMMA Investing LLC now owns 14,385 shares of the technology company's stock valued at $390,000 after purchasing an additional 14,023 shares during the period. Institutional investors own 30.73% of the company's stock.

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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