Fmr LLC Has $658,000 Stake in Sapiens International Co. (NASDAQ:SPNS)

Fmr LLC grew its stake in shares of Sapiens International Co. (NASDAQ:SPNS) by 80.8% in the third quarter, HoldingsChannel.com reports. The firm owned 17,646 shares of the technology company’s stock after purchasing an additional 7,887 shares during the period. Fmr LLC’s holdings in Sapiens International were worth $658,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zions Bancorporation N.A. boosted its position in shares of Sapiens International by 16.9% during the third quarter. Zions Bancorporation N.A. now owns 58,002 shares of the technology company’s stock valued at $2,162,000 after buying an additional 8,404 shares during the last quarter. MQS Management LLC bought a new position in Sapiens International during the 3rd quarter valued at $230,000. Aptus Capital Advisors LLC boosted its holdings in Sapiens International by 15.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 160,540 shares of the technology company’s stock worth $5,983,000 after acquiring an additional 21,696 shares during the last quarter. Financial Management Professionals Inc. grew its stake in shares of Sapiens International by 57.9% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock worth $72,000 after acquiring an additional 713 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Sapiens International by 12.0% in the third quarter. Assenagon Asset Management S.A. now owns 112,020 shares of the technology company’s stock valued at $4,162,000 after purchasing an additional 12,031 shares during the last quarter. 30.73% of the stock is owned by hedge funds and other institutional investors.

Sapiens International Stock Down 1.8 %

SPNS opened at $28.59 on Wednesday. Sapiens International Co. has a twelve month low of $26.34 and a twelve month high of $41.22. The company’s 50-day moving average price is $32.33 and its two-hundred day moving average price is $34.53. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 22.51 and a beta of 1.15. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Needham & Company LLC cut their price target on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. William Blair restated a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. Barclays decreased their price target on Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a research report on Tuesday, November 12th. Finally, StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.00.

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.