Sapiens International Co. (NASDAQ:SPNS – Get Rating) has received a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $31.00.
A number of analysts have commented on the stock. Needham & Company LLC lowered their target price on shares of Sapiens International from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, February 24th. Zacks Investment Research raised Sapiens International from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, May 10th. William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a research note on Tuesday, May 3rd. StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 10th. Finally, Citigroup cut their target price on shares of Sapiens International from $38.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, February 24th.
A number of hedge funds and other institutional investors have recently bought and sold shares of SPNS. Morgan Stanley lifted its stake in Sapiens International by 1,199.6% in the 2nd quarter. Morgan Stanley now owns 180,385 shares of the technology company’s stock valued at $4,738,000 after purchasing an additional 166,505 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Sapiens International in the 4th quarter valued at $4,203,000. Renaissance Technologies LLC lifted its holdings in Sapiens International by 16.5% during the 1st quarter. Renaissance Technologies LLC now owns 686,491 shares of the technology company’s stock valued at $17,430,000 after purchasing an additional 96,988 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Sapiens International by 176.0% in the fourth quarter. Bank of America Corp DE now owns 95,271 shares of the technology company’s stock valued at $3,283,000 after purchasing an additional 60,756 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of Sapiens International by 240.1% in the first quarter. Jane Street Group LLC now owns 68,787 shares of the technology company’s stock valued at $1,747,000 after purchasing an additional 48,564 shares during the period. 30.28% of the stock is currently owned by hedge funds and other institutional investors.
Sapiens International (NASDAQ:SPNS – Get Rating) last released its earnings results on Tuesday, May 3rd. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Sapiens International had a net margin of 10.93% and a return on equity of 16.14%. The company had revenue of $117.70 million for the quarter, compared to the consensus estimate of $117.21 million. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. Equities analysts expect that Sapiens International will post 1.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Tuesday, May 17th will be given a dividend of $0.352 per share. This represents a $1.41 annualized dividend and a dividend yield of 5.72%. The ex-dividend date is Monday, May 16th. Sapiens International’s dividend payout ratio (DPR) is 30.11%.
About Sapiens International (Get Rating)
Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, the European Union, the United Kingdom, Israel, and internationally. The company offers Sapiens CoreSuite and Sapiens IDITSuite for personal, commercial, and specialty lines; and Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster for life, pension, and annuities.
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