Sapiens International (NASDAQ:SPNS) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
A number of other research analysts have also commented on SPNS. Zacks Investment Research lowered shares of Sapiens International from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Barclays lowered shares of Sapiens International from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 16th. Finally, William Blair restated an “outperform” rating on shares of Sapiens International in a research report on Thursday, March 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.00.
Sapiens International (NASDAQ SPNS) opened at $9.15 on Friday. The company has a market cap of $454.26, a price-to-earnings ratio of 915.92, a PEG ratio of 4.24 and a beta of 1.18. The company has a current ratio of 1.88, a quick ratio of 2.03 and a debt-to-equity ratio of 0.39. Sapiens International has a 1 year low of $9.07 and a 1 year high of $14.30.
Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Thursday, March 8th. The technology company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $72.40 million during the quarter, compared to analyst estimates of $72.09 million. Sapiens International had a net margin of 0.13% and a return on equity of 6.81%. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 EPS. sell-side analysts anticipate that Sapiens International will post 0.44 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sphera Funds Management LTD. grew its position in shares of Sapiens International by 140.9% during the 3rd quarter. Sphera Funds Management LTD. now owns 354,866 shares of the technology company’s stock valued at $4,650,000 after purchasing an additional 207,560 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Sapiens International by 1.2% in the third 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 in the last quarter. Meitav Dash Investments Ltd. purchased a new position in Sapiens International in the fourth quarter worth $554,000. Dimensional Fund Advisors LP grew its position in Sapiens International by 23.2% in the third quarter. Dimensional Fund Advisors LP now owns 39,359 shares of the technology company’s stock worth $520,000 after acquiring an additional 7,400 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Sapiens International by 58.5% in the third quarter. Jane Street Group LLC now owns 25,690 shares of the technology company’s stock worth $339,000 after acquiring an additional 9,485 shares in the last quarter. Hedge funds and other institutional investors own 8.67% of the company’s stock.
About Sapiens International
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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