FY2019 EPS Estimates for Sapiens International Co. Boosted by Analyst (NASDAQ:SPNS)

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Sapiens International Co. (NASDAQ:SPNS) – Stock analysts at William Blair raised their FY2019 earnings per share (EPS) estimates for Sapiens International in a research note issued on Tuesday, November 5th. William Blair analyst B. Suri now anticipates that the technology company will earn $0.73 per share for the year, up from their previous forecast of $0.69. William Blair also issued estimates for Sapiens International’s Q4 2019 earnings at $0.19 EPS, Q1 2020 earnings at $0.20 EPS, Q2 2020 earnings at $0.21 EPS, Q3 2020 earnings at $0.22 EPS, Q4 2020 earnings at $0.23 EPS and FY2020 earnings at $0.85 EPS.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $82.64 million during the quarter, compared to analyst estimates of $81.68 million. Sapiens International had a return on equity of 16.36% and a net margin of 7.42%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share.

Several other equities analysts have also issued reports on the company. Zacks Investment Research raised Sapiens International from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday. BidaskClub raised Sapiens International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 1st. ValuEngine lowered Sapiens International from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Roth Capital lifted their price target on Sapiens International from $5.00 to $8.75 in a research report on Monday, August 5th. Finally, Barclays reiterated a “hold” rating on shares of Sapiens International in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Sapiens International presently has an average rating of “Buy” and a consensus target price of $18.81.

Shares of Sapiens International stock opened at $22.26 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.49 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.15 billion, a P/E ratio of 42.00, a P/E/G ratio of 3.20 and a beta of 1.00. The business has a fifty day simple moving average of $19.92 and a two-hundred day simple moving average of $17.36. Sapiens International has a 12 month low of $10.11 and a 12 month high of $23.70.

Institutional investors and hedge funds have recently modified their holdings of the company. C M Bidwell & Associates Ltd. purchased a new stake in shares of Sapiens International during the 2nd quarter worth approximately $50,000. Advisor Group Inc. raised its holdings in shares of Sapiens International by 492.9% during the 2nd quarter. Advisor Group Inc. now owns 4,150 shares of the technology company’s stock worth $69,000 after acquiring an additional 3,450 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Sapiens International by 418.5% during the 2nd quarter. Wells Fargo & Company MN now owns 10,012 shares of the technology company’s stock worth $167,000 after acquiring an additional 8,081 shares in the last quarter. Opus Capital Group LLC purchased a new stake in shares of Sapiens International during the 3rd quarter worth approximately $210,000. Finally, State of Tennessee Treasury Department raised its holdings in shares of Sapiens International by 41.0% during the 3rd quarter. State of Tennessee Treasury Department now owns 12,879 shares of the technology company’s stock worth $253,000 after acquiring an additional 3,744 shares in the last quarter. 14.65% of the stock is currently owned by institutional investors and hedge funds.

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 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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Earnings History and Estimates for Sapiens International (NASDAQ:SPNS)

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