Zacks Investment Research upgraded shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) from a sell rating to a hold rating in a research note issued to investors on Wednesday.
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. “
Several other research firms also recently weighed in on SPNS. ValuEngine upgraded shares of Sapiens International Corporation N.V. from a sell rating to a hold rating in a report on Friday, September 1st. Cowen and Company started coverage on shares of Sapiens International Corporation N.V. in a report on Wednesday, September 6th. They set an outperform rating and a $14.00 price objective on the stock. Finally, TheStreet downgraded shares of Sapiens International Corporation N.V. from a b- rating to a c+ rating in a report on Friday, June 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $15.00.
Sapiens International Corporation N.V. (NASDAQ SPNS) remained flat at $13.66 on Wednesday. 5,756 shares of the company’s stock were exchanged. The firm has a market capitalization of $671.03 million, a PE ratio of 223.93 and a beta of 1.23. Sapiens International Corporation N.V. has a one year low of $10.57 and a one year high of $15.98. The company has a 50-day moving average of $12.45 and a 200-day moving average of $12.19.
Sapiens International Corporation N.V. (NASDAQ:SPNS) last released its quarterly earnings data on Monday, August 7th. The technology company reported $0.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. Sapiens International Corporation N.V. had a net margin of 1.39% and a return on equity of 6.77%. The firm had revenue of $69.20 million for the quarter, compared to the consensus estimate of $66.93 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The business’s revenue was up 30.6% on a year-over-year basis. On average, equities research analysts forecast that Sapiens International Corporation N.V. will post $0.36 EPS for the current year.
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Several hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP purchased a new stake in shares of Sapiens International Corporation N.V. in the second quarter valued at about $422,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Sapiens International Corporation N.V. in the second quarter valued at about $12,985,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Sapiens International Corporation N.V. in the second quarter valued at about $178,000. Goldman Sachs Group Inc. raised its holdings in shares of Sapiens International Corporation N.V. by 93.2% in the second quarter. Goldman Sachs Group Inc. now owns 320,428 shares of the technology company’s stock valued at $3,586,000 after purchasing an additional 154,555 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Sapiens International Corporation N.V. in the second quarter valued at about $358,000. Institutional investors own 11.74% of the company’s stock.
About Sapiens International Corporation N.V.
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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