Sapiens International’s (SPNS) Buy Rating Reiterated at Needham & Company LLC

Sapiens International (NASDAQ:SPNS)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $35.00 target price on the technology company’s stock. Needham & Company LLC’s target price suggests a potential upside of 21.70% from the stock’s current price.

Several other research firms have also commented on SPNS. StockNews.com lowered Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Barclays reduced their price target on Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. William Blair restated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. Finally, Jefferies Financial Group downgraded Sapiens International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $36.00 to $28.00 in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.50.

Sapiens International Stock Performance

NASDAQ SPNS opened at $28.76 on Wednesday. The firm has a market capitalization of $1.61 billion, a P/E ratio of 22.29 and a beta of 1.16. Sapiens International has a 1-year low of $25.01 and a 1-year high of $41.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18. The business’s 50-day simple moving average is $26.78 and its 200-day simple moving average is $31.55.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $134.31 million for the quarter, compared to analyst estimates of $135.89 million. Sapiens International had a return on equity of 17.62% and a net margin of 13.31%. Equities analysts predict that Sapiens International will post 1.45 EPS for the current year.

Institutional Investors Weigh In On Sapiens International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp increased its holdings in shares of Sapiens International by 99.0% in the 4th quarter. Mackenzie Financial Corp now owns 40,534 shares of the technology company’s stock valued at $1,089,000 after acquiring an additional 20,162 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Sapiens International by 8.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,851 shares of the technology company’s stock valued at $1,017,000 after acquiring an additional 3,016 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Sapiens International in the 4th quarter valued at approximately $310,000. Two Sigma Investments LP increased its holdings in shares of Sapiens International by 34.8% in the 4th quarter. Two Sigma Investments LP now owns 10,046 shares of the technology company’s stock valued at $270,000 after acquiring an additional 2,594 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Sapiens International in the 4th quarter valued at approximately $296,000. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

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.