Sapiens International Co. (NASDAQ:SPNS) Receives $33.50 Average Price Target from Brokerages

Shares of Sapiens International Co. (NASDAQ:SPNS) have received an average rating of “Hold” from the five analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $33.50.

SPNS has been the topic of several research reports. Jefferies Financial Group downgraded Sapiens International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $36.00 to $28.00 in a report on Monday, February 3rd. Barclays decreased their target price on shares of Sapiens International from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Needham & Company LLC reissued a “buy” rating and issued a $35.00 price target on shares of Sapiens International in a report on Wednesday, February 19th. Finally, William Blair reissued a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th.

Sapiens International Price Performance

Sapiens International stock opened at $27.68 on Tuesday. Sapiens International has a 12-month low of $25.01 and a 12-month high of $41.22. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $27.14 and a 200-day moving average price of $30.17. The firm has a market capitalization of $1.55 billion, a PE ratio of 21.46 and a beta of 1.16.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $134.31 million during the quarter, compared to the consensus estimate of $135.89 million. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. As a group, equities research analysts forecast that Sapiens International will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, April 7th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 7th. This is an increase from Sapiens International’s previous dividend of $0.22. Sapiens International’s payout ratio is currently 46.51%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SPNS. Lord Abbett & CO. LLC grew its position in Sapiens International by 451.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company’s stock worth $42,168,000 after purchasing an additional 926,405 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Sapiens International by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,077,821 shares of the technology company’s stock worth $28,961,000 after purchasing an additional 32,126 shares in the last quarter. Nine Ten Capital Management LLC grew its stake in Sapiens International by 17.0% in the 4th quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company’s stock valued at $28,866,000 after acquiring an additional 155,880 shares during the last quarter. Royce & Associates LP grew its position in shares of Sapiens International by 65.7% in the fourth quarter. Royce & Associates LP now owns 932,703 shares of the technology company’s stock valued at $25,062,000 after purchasing an additional 369,947 shares during the last quarter. Finally, Topline Capital Management LLC acquired a new stake in Sapiens International during the 4th quarter valued at $24,147,000. 30.73% of the stock is owned by hedge funds and other 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.