Sapiens International Co. (NASDAQ:SPNS) Receives Consensus Rating of “Hold” from Brokerages

Shares of Sapiens International Co. (NASDAQ:SPNS) have earned an average rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $33.50.

A number of research firms have commented on SPNS. Barclays decreased their price target on Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Jefferies Financial Group cut shares of Sapiens International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $36.00 to $28.00 in a research note on Monday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $35.00 price objective on shares of Sapiens International in a research report on Wednesday, February 19th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPNS. Lord Abbett & CO. LLC increased its stake in Sapiens International by 451.9% during the third quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company’s stock worth $42,168,000 after acquiring an additional 926,405 shares during the last quarter. Topline Capital Management LLC bought a new position in shares of Sapiens International during the 4th quarter valued at approximately $24,147,000. Royce & Associates LP raised its holdings in Sapiens International by 65.7% during the 4th quarter. Royce & Associates LP now owns 932,703 shares of the technology company’s stock valued at $25,062,000 after buying an additional 369,947 shares during the period. Rhumbline Advisers lifted its position in Sapiens International by 467.6% in the first quarter. Rhumbline Advisers now owns 264,065 shares of the technology company’s stock worth $7,154,000 after buying an additional 217,540 shares during the last quarter. Finally, Nine Ten Capital Management LLC boosted its stake in Sapiens International by 17.0% during the fourth quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company’s stock worth $28,866,000 after buying an additional 155,880 shares during the period. Institutional investors own 30.73% of the company’s stock.

Sapiens International Trading Down 0.2 %

Shares of NASDAQ:SPNS opened at $25.99 on Friday. Sapiens International has a 12-month low of $23.69 and a 12-month high of $41.22. The company has a market cap of $1.45 billion, a PE ratio of 20.15 and a beta of 1.10. The stock has a 50 day moving average of $26.98 and a 200 day moving average of $29.04. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The firm had revenue of $134.31 million during the quarter, compared to analysts’ expectations of $135.89 million. As a group, equities research analysts expect that Sapiens International will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th were paid a $0.66 dividend. This is a boost from Sapiens International’s previous semi-annual dividend of $0.22. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, April 7th. Sapiens International’s dividend payout ratio (DPR) is presently 46.51%.

About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.