Sapiens International Corporation N.V. (SPNS) Given Average Rating of “Buy” by Brokerages

Shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) have received an average rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $15.00.

A number of research firms have recently commented on SPNS. Cowen and Company began coverage on shares of Sapiens International Corporation N.V. in a report on Wednesday, September 6th. They set an “outperform” rating and a $14.00 price objective for the company. Zacks Investment Research raised shares of Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, ValuEngine raised shares of Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a report on Friday, September 1st.

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Several large investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sapiens International Corporation N.V. during the 2nd quarter worth about $12,985,000. Renaissance Technologies LLC lifted its holdings in shares of Sapiens International Corporation N.V. by 17.7% during the 1st quarter. Renaissance Technologies LLC now owns 665,300 shares of the technology company’s stock worth $8,569,000 after acquiring an additional 100,100 shares during the period. Sphera Funds Management LTD. lifted its holdings in shares of Sapiens International Corporation N.V. by 140.9% during the 3rd quarter. Sphera Funds Management LTD. now owns 354,866 shares of the technology company’s stock worth $4,650,000 after acquiring an additional 207,560 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Sapiens International Corporation N.V. by 1.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 341,873 shares of the technology company’s stock worth $4,513,000 after acquiring an additional 3,996 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Sapiens International Corporation N.V. by 93.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 320,428 shares of the technology company’s stock worth $3,586,000 after acquiring an additional 154,555 shares during the period. 11.74% of the stock is owned by institutional investors.

Shares of Sapiens International Corporation N.V. (NASDAQ SPNS) traded down $0.58 during trading on Thursday, reaching $12.43. 132,500 shares of the company’s stock were exchanged, compared to its average volume of 79,451. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.39. Sapiens International Corporation N.V. has a 12-month low of $10.57 and a 12-month high of $15.98. The company has a market cap of $640.29, a P/E ratio of 48.19, a PEG ratio of 8.97 and a beta of 1.20.

Sapiens International Corporation N.V. Company Profile

Sapiens International Corporation N.V. (Sapiens) is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. Its software solutions portfolio consists of Life, Pension, Annuity and Retirement Solutions, including software solutions for the management of a range of products for life, pension, annuity and retirement; Property and Casualty/General Insurance Solutions, including a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts; Sapiens DECISION, which is a business decision management solution, and Technology-Based Solutions, such as Sapiens eMerge.

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