Sapiens International (NASDAQ:SPNS) Given Market Perform Rating at William Blair

Sapiens International (NASDAQ:SPNS)‘s stock had its “market perform” rating reiterated by stock analysts at William Blair in a note issued to investors on Friday,RTT News reports.

Several other research analysts have also recently weighed in on SPNS. StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. Barclays cut their price target on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th. Finally, Needham & Company LLC lowered their price objective on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Sapiens International has a consensus rating of “Hold” and a consensus target price of $36.00.

Sapiens International Stock Up 0.5 %

Sapiens International stock opened at $28.29 on Friday. The company’s 50-day moving average price is $33.28 and its two-hundred day moving average price is $34.76. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 22.28 and a beta of 1.15. Sapiens International has a 52 week low of $25.59 and a 52 week high of $41.22. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS) last announced its earnings results on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $137.00 million for the quarter, compared to the consensus estimate of $140.10 million. Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. Sapiens International’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. On average, analysts expect that Sapiens International will post 1.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Sapiens International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. increased its stake in Sapiens International by 7.7% in the 3rd quarter. Franklin Resources Inc. now owns 19,540 shares of the technology company’s stock worth $700,000 after purchasing an additional 1,391 shares in the last quarter. Tidal Investments LLC increased its position in shares of Sapiens International by 5.1% in the third quarter. Tidal Investments LLC now owns 32,472 shares of the technology company’s stock worth $1,210,000 after acquiring an additional 1,585 shares in the last quarter. Barclays PLC increased its position in shares of Sapiens International by 415.1% in the third quarter. Barclays PLC now owns 54,640 shares of the technology company’s stock worth $2,036,000 after acquiring an additional 44,033 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Sapiens International during the third quarter valued at approximately $2,255,000. Finally, Zacks Investment Management lifted its position in shares of Sapiens International by 42.2% in the 3rd quarter. Zacks Investment Management now owns 17,734 shares of the technology company’s stock valued at $661,000 after acquiring an additional 5,259 shares in the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

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.