Sapiens International (NASDAQ:SPNS) Lowered to “Buy” at BidaskClub

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BidaskClub cut shares of Sapiens International (NASDAQ:SPNS) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning, BidAskClub reports.

SPNS has been the subject of a number of other reports. Zacks Investment Research raised Sapiens International from a hold rating to a strong-buy rating and set a $20.00 price target for the company in a report on Friday, August 9th. Barclays reaffirmed a hold rating on shares of Sapiens International in a report on Wednesday, August 7th. Finally, Roth Capital upped their price target on Sapiens International from $5.00 to $8.75 in a report on Monday, August 5th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $14.42.

SPNS stock opened at $17.44 on Friday. The company’s 50 day moving average price is $17.78 and its 200 day moving average price is $15.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.49 and a current ratio of 1.49. Sapiens International has a fifty-two week low of $10.11 and a fifty-two week high of $19.59.

Sapiens International (NASDAQ:SPNS) last released its earnings results on Monday, August 5th. The technology company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. Sapiens International had a net margin of 6.91% and a return on equity of 15.34%. The firm had revenue of $79.53 million for the quarter, compared to analyst estimates of $78.62 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts anticipate that Sapiens International will post 0.71 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a $0.22 dividend. This is an increase from Sapiens International’s previous dividend of $0.20. The ex-dividend date of this dividend was Monday, August 19th.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. boosted its holdings in shares of Sapiens International by 492.9% in the second quarter. Advisor Group Inc. now owns 4,150 shares of the technology company’s stock valued at $69,000 after acquiring an additional 3,450 shares during the period. Monarch Partners Asset Management LLC boosted its holdings in shares of Sapiens International by 18.7% in the second quarter. Monarch Partners Asset Management LLC now owns 42,576 shares of the technology company’s stock valued at $708,000 after acquiring an additional 6,720 shares during the period. Altshuler Shaham Ltd boosted its holdings in shares of Sapiens International by 14.7% in the second quarter. Altshuler Shaham Ltd now owns 332,108 shares of the technology company’s stock valued at $5,530,000 after acquiring an additional 42,553 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Sapiens International by 12.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,030,241 shares of the technology company’s stock valued at $15,742,000 after acquiring an additional 116,712 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Sapiens International by 4.9% in the second quarter. Swiss National Bank now owns 46,415 shares of the technology company’s stock valued at $757,000 after acquiring an additional 2,177 shares during the period.

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 personal, commercial, and specialty lines, as well as reinsurance and workers' compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster.

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