Sapiens International (NASDAQ:SPNS) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Sapiens International Corporation N.V. (NASDAQ:SPNS - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.40 and traded as high as $29.76. Sapiens International shares last traded at $29.67, with a volume of 210,715 shares traded.

Wall Street Analysts Forecast Growth

SPNS has been the topic of several research analyst reports. Wall Street Zen raised Sapiens International from a "hold" rating to a "buy" rating in a research report on Saturday. Barclays increased 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $34.25.

Sapiens International Stock Performance

The company's 50 day moving average is $28.60 and its 200 day moving average is $27.41. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 23.10 and a beta of 0.95.

Sapiens International (NASDAQ:SPNS - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $136.25 million. During the same quarter last year, the company earned $0.36 earnings per share. The firm's revenue was up 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Sapiens International Corporation N.V. will post 1.42 earnings per share for the current fiscal year.

Institutional Trading of Sapiens International

A number of institutional investors and hedge funds have recently modified their holdings of the company. MetLife Investment Management LLC raised its position in Sapiens International by 7.3% in the fourth quarter. MetLife Investment Management LLC now owns 18,535 shares of the technology company's stock worth $498,000 after purchasing an additional 1,263 shares in the last quarter. GAMMA Investing LLC grew 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. Principal Financial Group Inc. raised its holdings in shares of Sapiens International by 6.5% in the 4th quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company's stock worth $279,000 after buying an additional 633 shares in the last quarter. Zions Bancorporation N.A. lifted its position in shares of Sapiens International by 16.9% during the 4th quarter. Zions Bancorporation N.A. now owns 67,830 shares of the technology company's stock worth $1,823,000 after buying an additional 9,828 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of Sapiens International by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 8,668 shares of the technology company's stock worth $233,000 after buying an additional 2,851 shares during the period. 30.73% of the stock is currently 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.