Sapiens International Co. (SPNS) Receives $13.50 Average Target Price from Brokerages

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Sapiens International Co. (NASDAQ:SPNS) has been given an average rating of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.00.

A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Sapiens International from a “buy” rating to a “hold” rating in a research note on Wednesday. Cowen reissued a “buy” rating on shares of Sapiens International in a research note on Friday, November 9th. TheStreet raised shares of Sapiens International from a “c” rating to a “b” rating in a research note on Thursday, November 29th. Finally, Barclays reissued a “hold” rating on shares of Sapiens International in a research note on Thursday, November 8th.

Shares of SPNS stock opened at $12.07 on Tuesday. Sapiens International has a 12 month low of $8.01 and a 12 month high of $14.46. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.34.

Sapiens International (NASDAQ:SPNS) last announced its earnings results on Wednesday, November 7th. The technology company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. Sapiens International had a net margin of 4.59% and a return on equity of 12.05%. The business had revenue of $73.24 million during the quarter, compared to analysts’ expectations of $72.12 million. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. Research analysts expect that Sapiens International will post 0.52 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew its stake in Sapiens International by 129.2% during the third quarter. Jane Street Group LLC now owns 54,854 shares of the technology company’s stock valued at $725,000 after acquiring an additional 30,917 shares in the last quarter. Renaissance Technologies LLC grew its stake in Sapiens International by 6.5% during the third quarter. Renaissance Technologies LLC now owns 414,400 shares of the technology company’s stock valued at $5,474,000 after acquiring an additional 25,300 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Sapiens International by 66.3% during the third quarter. Dimensional Fund Advisors LP now owns 69,531 shares of the technology company’s stock valued at $919,000 after acquiring an additional 27,719 shares in the last quarter. American Century Companies Inc. purchased a new position in Sapiens International during the third quarter valued at $6,258,000. Finally, Acadian Asset Management LLC purchased a new position in Sapiens International during the third quarter valued at $266,000. 2.14% of the stock is owned by institutional investors.

Sapiens International Company Profile

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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