7,608 Shares in Sapiens International Co. (NASDAQ:SPNS) Purchased by AQR Capital Management LLC

AQR Capital Management LLC acquired a new stake in shares of Sapiens International Co. (NASDAQ:SPNS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,608 shares of the technology company’s stock, valued at approximately $258,000.

A number of other large investors also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in shares of Sapiens International in the 2nd quarter worth about $34,000. Financial Management Professionals Inc. acquired a new stake in shares of Sapiens International in the first quarter valued at approximately $40,000. Morgan Dempsey Capital Management LLC raised its holdings in shares of 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 buying an additional 365 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Sapiens International during the first quarter worth approximately $192,000. Finally, Foyston Gordon & Payne Inc bought a new position in Sapiens International in the 1st quarter worth approximately $217,000. Institutional investors own 30.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on SPNS. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 26th. Needham & Company LLC upped their price objective on shares of Sapiens International from $38.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. The Goldman Sachs Group increased their target price on shares of Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Barclays boosted their price target on shares of Sapiens International from $30.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd.

Sapiens International Stock Down 0.0 %

Shares of SPNS stock opened at $36.38 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.16 and a current ratio of 2.16. The stock has a market cap of $2.03 billion, a PE ratio of 29.89 and a beta of 1.25. The business’s fifty day moving average is $35.89 and its 200-day moving average is $34.69. Sapiens International Co. has a 1 year low of $24.39 and a 1 year high of $41.22.

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

Sapiens International Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 28th were issued a $0.29 dividend. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.28. This represents a dividend yield of 1.6%. The ex-dividend date was Wednesday, August 28th. Sapiens International’s payout ratio is presently 47.54%.

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.