Sapiens International (SPNS) Rating Reiterated by Cowen

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Cowen restated their buy rating on shares of Sapiens International (NASDAQ:SPNS) in a research report released on Friday morning.

Several other analysts also recently issued reports on SPNS. ValuEngine upgraded Sapiens International from a sell rating to a hold rating in a report on Friday, August 3rd. Needham & Company LLC boosted their price objective on Sapiens International from $13.00 to $14.00 and gave the stock a buy rating in a report on Wednesday, August 8th. William Blair restated a market perform rating on shares of Sapiens International in a report on Tuesday, August 7th. Barclays restated a hold rating on shares of Sapiens International in a report on Thursday. Finally, BidaskClub upgraded Sapiens International from a hold rating to a buy rating in a report on Saturday, August 25th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $13.00.

NASDAQ SPNS traded down $0.06 on Friday, hitting $11.53. 47,005 shares of the company were exchanged. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 1.53. Sapiens International has a twelve month low of $8.01 and a twelve month high of $14.46.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm had revenue of $73.24 million for the quarter, compared to the consensus estimate of $72.12 million. Sapiens International had a return on equity of 12.01% and a net margin of 4.59%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. As a group, equities analysts expect that Sapiens International will post 0.5 earnings per share for the current fiscal year.

The firm also recently announced a … dividend, which was paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 16th were issued a $0.2337 dividend. The ex-dividend date was Monday, October 15th. Sapiens International’s dividend payout ratio is 74.07%.

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp increased its holdings in shares of Sapiens International by 31.9% in the 2nd quarter. Northern Trust Corp now owns 22,472 shares of the technology company’s stock valued at $220,000 after purchasing an additional 5,441 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Sapiens International in the 3rd quarter valued at about $266,000. Ramsey Quantitative Systems increased its holdings in shares of Sapiens International by 398.3% in the 3rd quarter. Ramsey Quantitative Systems now owns 20,191 shares of the technology company’s stock valued at $267,000 after purchasing an additional 16,139 shares during the period. Jane Street Group LLC increased its holdings in shares of Sapiens International by 105.5% in the 1st quarter. Jane Street Group LLC now owns 31,988 shares of the technology company’s stock valued at $273,000 after purchasing an additional 16,420 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Sapiens International in the 2nd quarter valued at about $299,000. Institutional investors own 8.04% of the company’s stock.

About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, Europe, the Asia Pacific, and South Africa. The company offers software platform and solutions for life, pension, and annuities, such as Sapiens ALIS, LifeSuite, Life Portraits, LifeApply, Sapiens INSIGHT, and Sapiens Closed Books; and personal, commercial and specialty lines, and workers' compensation comprising Sapiens IDIT, Adaptik Policy, Adaptik Billing, Stream Claim, Sapiens Stingray, PowerSuite, and CompSuite.

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