Sapiens International (NASDAQ:SPNS) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Sapiens International (NASDAQ:SPNS - Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

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

Sapiens International Stock Performance

Shares of Sapiens International stock traded down $0.20 on Friday, reaching $29.61. The stock had a trading volume of 100,207 shares, compared to its average volume of 159,467. The stock has a market cap of $1.65 billion, a P/E ratio of 22.78 and a beta of 0.95. Sapiens International has a fifty-two week low of $23.69 and a fifty-two week high of $41.22. The business's 50-day moving average price is $28.69 and its two-hundred day moving average price is $27.44.

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

Institutional Investors Weigh In On Sapiens International

Several large investors have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in 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 purchasing an additional 633 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Sapiens International by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,096 shares of the technology company's stock worth $1,991,000 after buying an additional 874 shares in the last quarter. Larson Financial Group LLC increased 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 worth $26,000 after buying an additional 931 shares in the last quarter. Nebula Research & Development LLC boosted its holdings in shares of Sapiens International by 9.3% in the 4th quarter. Nebula Research & Development LLC now owns 13,361 shares of the technology company's stock worth $359,000 after acquiring an additional 1,133 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Sapiens International by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 410,133 shares of the technology company's stock valued at $11,020,000 after purchasing an additional 1,185 shares in the last quarter. 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.