Sapiens International (NASDAQ:SPNS) Price Target Lowered to $30.00 at Barclays

Sapiens International (NASDAQ:SPNS) had its price target cut by investment analysts at Barclays from $38.00 to $30.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the technology company’s stock. Barclays‘s price target would indicate a potential upside of 5.15% from the stock’s current price.

SPNS has been the topic of several other research reports. Needham & Company LLC reduced their target price on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday. The Goldman Sachs Group increased their price target 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, StockNews.com raised shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a research report on Monday.

Sapiens International Price Performance

SPNS stock opened at $28.53 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.16 and a current ratio of 2.16. Sapiens International has a 52 week low of $25.00 and a 52 week high of $41.22. The firm’s fifty day moving average is $36.07 and its 200 day moving average is $35.38. The firm has a market cap of $1.59 billion, a P/E ratio of 22.46 and a beta of 1.25.

Sapiens International (NASDAQ:SPNS) last released its earnings results on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Sapiens International had a net margin of 13.23% and a return on equity of 17.81%. The business had revenue of $137.00 million for the quarter, compared to the consensus estimate of $140.10 million. During the same period in the prior year, the business posted $0.32 EPS. Sapiens International’s revenue for the quarter was up 4.8% on a year-over-year basis. Research analysts predict that Sapiens International will post 1.42 earnings per share for the current year.

Institutional Investors Weigh In On Sapiens International

Several institutional investors have recently added to or reduced their stakes in SPNS. Foundry Partners LLC lifted its position in shares of Sapiens International by 11.2% in the 1st quarter. Foundry Partners LLC now owns 130,210 shares of the technology company’s stock worth $4,188,000 after purchasing an additional 13,166 shares during the period. Tidal Investments LLC purchased a new stake in shares of Sapiens International in the 1st quarter worth about $871,000. Acadian Asset Management LLC lifted its position in shares of Sapiens International by 9.1% in the 1st quarter. Acadian Asset Management LLC now owns 954,791 shares of the technology company’s stock worth $30,687,000 after purchasing an additional 79,302 shares during the period. Janus Henderson Group PLC lifted its position in shares of Sapiens International by 155.4% in the 1st quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company’s stock worth $19,276,000 after purchasing an additional 364,695 shares during the period. Finally, Y.D. More Investments Ltd purchased a new stake in shares of Sapiens International in the 2nd quarter worth about $6,915,000. Hedge funds and other institutional investors own 30.73% of the company’s stock.

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.