Sapiens International Co. (NASDAQ:SPNS) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd decreased its stake in shares of Sapiens International Co. (NASDAQ:SPNS) by 86.9% during the second quarter, HoldingsChannel reports. The firm owned 14,471 shares of the technology company’s stock after selling 95,916 shares during the quarter. Altshuler Shaham Ltd’s holdings in Sapiens International were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Summit Securities Group LLC purchased a new stake in Sapiens International in the second quarter valued at approximately $34,000. Financial Management Professionals Inc. purchased a new position in shares of Sapiens International during the first quarter worth $40,000. Morgan Dempsey Capital Management LLC lifted its position in Sapiens International by 9.5% during the second quarter. Morgan Dempsey Capital Management LLC now owns 4,206 shares of the technology company’s stock valued at $143,000 after purchasing an additional 365 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Sapiens International during the 1st quarter valued at about $192,000. Finally, Foyston Gordon & Payne Inc acquired a new position in shares of Sapiens International in the 1st quarter valued at about $217,000. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Sapiens International Stock Performance

Shares of SPNS stock opened at $35.94 on Monday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04. Sapiens International Co. has a 12-month low of $24.39 and a 12-month high of $41.22. The business’s 50 day moving average is $36.61 and its two-hundred day moving average is $34.03. The company has a market capitalization of $1.98 billion, a P/E ratio of 30.72 and a beta of 1.25.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $136.80 million during the quarter, compared to analyst estimates of $137.78 million. Sapiens International had a net margin of 12.92% and a return on equity of 17.60%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS. Analysts expect that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Sapiens International Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, August 28th were given a $0.29 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, August 28th. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.28. Sapiens International’s dividend payout ratio (DPR) is 49.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SPNS. Barclays lifted their price target on Sapiens International from $30.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. The Goldman Sachs Group lifted their target price on shares of Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a report on Friday, August 2nd. StockNews.com raised shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, Needham & Company LLC raised their price target on shares of Sapiens International from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 2nd.

Sapiens International Company Profile

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.