Sapiens International (NASDAQ:SPNS) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Shares of Sapiens International Corporation N.V. (NASDAQ:SPNS - Get Free Report) passed 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 trading hands.

Wall Street Analysts Forecast Growth

Separately, Barclays increased their target price on Sapiens International from $28.00 to $31.00 and gave the company an "underweight" rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $34.25.

Sapiens International Price Performance

The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 23.10 and a beta of 0.95. The business's 50-day moving average price is $28.51 and its two-hundred day moving average price is $27.40.

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

Institutional Investors Weigh In On Sapiens International

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPNS. Royce & Associates LP grew its holdings in shares of Sapiens International by 25.9% during the 1st quarter. Royce & Associates LP now owns 1,174,043 shares of the technology company's stock worth $31,805,000 after purchasing an additional 241,340 shares during the period. Dimensional Fund Advisors LP boosted its position in Sapiens International by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,077,821 shares of the technology company's stock worth $28,961,000 after purchasing an additional 32,126 shares during the period. Nine Ten Capital Management LLC increased its holdings in Sapiens International by 17.0% in the 4th 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 raised its holdings in shares of Sapiens International by 5.2% during the 1st quarter. Topline Capital Management LLC now owns 945,377 shares of the technology company's stock valued at $25,610,000 after buying an additional 46,715 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Sapiens International by 8.1% during 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 in the last quarter. 30.73% of the stock is currently owned by institutional investors and hedge funds.

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.