HighTower Advisors LLC Invests $231,000 in Sapiens International Co. (NASDAQ:SPNS)

HighTower Advisors LLC bought a new stake in Sapiens International Co. (NASDAQ:SPNS) during the third quarter, Holdings Channel reports. The institutional investor bought 6,307 shares of the technology company’s stock, valued at approximately $231,000.

Several other institutional investors and hedge funds have also modified their holdings of SPNS. Dimensional Fund Advisors LP lifted its stake in shares of Sapiens International by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,036,915 shares of the technology company’s stock valued at $35,183,000 after buying an additional 25,623 shares during the period. Renaissance Technologies LLC increased its stake in shares of Sapiens International by 14.6% in the 2nd quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company’s stock valued at $23,106,000 after acquiring an additional 87,001 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Sapiens International in the 2nd quarter valued at $6,915,000. Aptus Capital Advisors LLC grew its position in shares of Sapiens International by 15.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 160,540 shares of the technology company’s stock valued at $5,983,000 after purchasing an additional 21,696 shares during the period. Finally, Foundry Partners LLC lifted its position in Sapiens International by 5.3% in the 2nd quarter. Foundry Partners LLC now owns 137,142 shares of the technology company’s stock valued at $4,653,000 after acquiring an additional 6,932 shares in the last quarter. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Sapiens International Price Performance

SPNS stock opened at $27.44 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.18. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 21.61 and a beta of 1.15. The firm has a 50 day moving average price of $31.33 and a 200-day moving average price of $34.30. Sapiens International Co. has a 52-week low of $26.34 and a 52-week high of $41.22.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. William Blair reiterated a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. Needham & Company LLC lowered their price objective on Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Barclays lowered their price objective on shares of 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 downgraded shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Sapiens International has a consensus rating of “Hold” and a consensus target price of $36.00.

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.