Sapiens International (NASDAQ:SPNS) Trading Up 6.7%

Shares of Sapiens International Co. (NASDAQ:SPNS) rose 6.7% on Wednesday . The stock traded as high as $33.48 and last traded at $33.48. Approximately 103,264 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 126,900 shares. The stock had previously closed at $31.38.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SPNS shares. Barclays increased their price objective on Sapiens International from $28.00 to $30.00 and gave the stock an “underweight” rating in a report on Wednesday, February 21st. The Goldman Sachs Group lifted their price target on shares of Sapiens International from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $38.00 price objective on shares of Sapiens International in a report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Sapiens International presently has an average rating of “Moderate Buy” and a consensus target price of $35.33.

Sapiens International Trading Up 6.8 %

The stock has a market cap of $1.85 billion, a PE ratio of 29.93 and a beta of 1.17. The firm has a 50-day moving average price of $30.94 and a 200-day moving average price of $28.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.11 and a current ratio of 2.11.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Tuesday, February 20th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. Sapiens International had a net margin of 12.14% and a return on equity of 16.92%. The business had revenue of $130.86 million during the quarter, compared to analysts’ expectations of $130.85 million. During the same period in the previous year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities analysts anticipate that Sapiens International Co. will post 1.37 EPS for the current fiscal year.

Sapiens International Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, April 18th. Shareholders of record on Friday, April 5th were paid a dividend of $0.28 per share. This represents a yield of 1.7%. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.26. The ex-dividend date of this dividend was Thursday, April 4th. Sapiens International’s dividend payout ratio (DPR) is currently 50.00%.

Institutional Investors Weigh In On Sapiens International

Several large investors have recently bought and sold shares of the business. Acadian Asset Management LLC boosted its holdings in shares of Sapiens International by 284.9% during the 3rd quarter. Acadian Asset Management LLC now owns 785,265 shares of the technology company’s stock valued at $22,301,000 after acquiring an additional 581,272 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in Sapiens International in the first quarter worth approximately $3,807,000. Vanguard Group Inc. grew its position in Sapiens International by 8.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,295,832 shares of the technology company’s stock worth $36,841,000 after purchasing an additional 106,358 shares during the period. Altshuler Shaham Ltd raised its stake in Sapiens International by 585.2% during the 4th quarter. Altshuler Shaham Ltd now owns 113,247 shares of the technology company’s stock valued at $3,288,000 after buying an additional 96,719 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Sapiens International by 71.6% during the 3rd quarter. Rhumbline Advisers now owns 186,904 shares of the technology company’s stock valued at $5,314,000 after buying an additional 77,978 shares during the period. 30.73% of the stock is currently owned by 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.