According to Zacks, “SAPIENS INTL NV is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Serving as consultants and advisors, Sapiens works with companies to analyze their current systems and develop a blueprint for aligning technology with business goals. The company focuses on delivering innovative solutions that allow companies to build on existing IT assets. “
SPNS has been the subject of a number of other reports. Barclays PLC lifted their price objective on shares of Sapiens International Corp. from $14.00 to $15.00 and gave the company an overweight rating in a report on Friday, August 5th. Roth Capital reiterated a sell rating on shares of Sapiens International Corp. in a report on Sunday, July 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Sapiens International Corp. has a consensus rating of Hold and an average target price of $13.50.
Sapiens International Corp. (NASDAQ:SPNS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The firm earned $53 million during the quarter, compared to analysts’ expectations of $50.78 million. Sapiens International Corp. had a net margin of 10.48% and a return on equity of 12.48%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the company earned $0.11 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC purchased a new position in Sapiens International Corp. during the first quarter valued at $183,000. Emerald Acquisition Ltd. purchased a new position in Sapiens International Corp. during the second quarter valued at $2,087,000. Geode Capital Management LLC boosted its position in Sapiens International Corp. by 12.9% in the first quarter. Geode Capital Management LLC now owns 45,635 shares of the company’s stock valued at $546,000 after buying an additional 5,207 shares during the period. Denver Investment Advisors LLC boosted its position in Sapiens International Corp. by 31.5% in the second quarter. Denver Investment Advisors LLC now owns 786,478 shares of the company’s stock valued at $9,210,000 after buying an additional 188,402 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Sapiens International Corp. by 4.1% in the second quarter. PNC Financial Services Group Inc. now owns 117,952 shares of the company’s stock valued at $1,381,000 after buying an additional 4,654 shares during the period. Institutional investors and hedge funds own 13.10% of the company’s stock.
About Sapiens International Corp.
Sapiens International Corporation N.V. (Sapiens) is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. Its software solutions portfolio consists of Life, Pension, Annuity and Retirement Solutions, including software solutions for the management of a range of products for life, pension, annuity and retirement; Property and Casualty/General Insurance Solutions, including a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts; Sapiens DECISION, which is a business decision management solution, and Technology-Based Solutions, such as Sapiens eMerge.
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