Assenagon Asset Management S.A. Has $1.80 Million Stock Position in Sapiens International Co. (NASDAQ:SPNS)

Assenagon Asset Management S.A. lessened its position in shares of Sapiens International Co. (NASDAQ:SPNS) by 40.6% during the 4th quarter, HoldingsChannel reports. The fund owned 66,509 shares of the technology company’s stock after selling 45,511 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Sapiens International were worth $1,801,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in Sapiens International by 3.2% during the second quarter. Envestnet Asset Management Inc. now owns 57,757 shares of the technology company’s stock valued at $1,960,000 after purchasing an additional 1,789 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Sapiens International by 2.5% in the 2nd 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. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Sapiens International in the 2nd quarter valued at $232,000. XTX Topco Ltd raised its stake in Sapiens International by 13.5% during the 2nd quarter. XTX Topco Ltd now owns 8,881 shares of the technology company’s stock worth $301,000 after buying an additional 1,053 shares during the period. Finally, Sei Investments Co. lifted its holdings in Sapiens International by 1.2% during the second quarter. Sei Investments Co. now owns 136,041 shares of the technology company’s stock worth $4,616,000 after acquiring an additional 1,555 shares in the last quarter. Institutional investors own 30.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SPNS. StockNews.com lowered Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Needham & Company LLC cut their price target on shares of 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, William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. 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 an average target price of $36.00.

Sapiens International Trading Up 0.0 %

Shares of NASDAQ:SPNS opened at $26.43 on Friday. The business’s 50 day simple moving average is $27.14 and its 200 day simple moving average is $33.18. Sapiens International Co. has a 1 year low of $25.01 and a 1 year high of $41.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18. The company has a market capitalization of $1.48 billion, a P/E ratio of 20.81 and a beta of 1.15.

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

Sapiens International 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.