Atria Investments Inc Trims Position in Sapiens International Co. (NASDAQ:SPNS)

Atria Investments Inc lessened its stake in Sapiens International Co. (NASDAQ:SPNS) by 15.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,119 shares of the technology company’s stock after selling 1,884 shares during the period. Atria Investments Inc’s holdings in Sapiens International were worth $377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new stake in Sapiens International in the 2nd quarter worth approximately $34,000. Financial Management Professionals Inc. raised its position in Sapiens International by 57.9% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock worth $72,000 after buying an additional 713 shares during the last quarter. Morgan Dempsey Capital Management LLC increased its holdings in Sapiens International by 9.5% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 4,206 shares of the technology company’s stock worth $143,000 after acquiring an additional 365 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Sapiens International in the 1st quarter worth $192,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Sapiens International in the 2nd quarter worth $232,000. 30.73% of the stock is currently owned by institutional investors.

Sapiens International Stock Up 1.8 %

Shares of NASDAQ:SPNS opened at $27.62 on Friday. The firm’s 50-day moving average is $35.31 and its two-hundred day moving average is $35.27. 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 firm has a market capitalization of $1.54 billion, a PE ratio of 21.76 and a beta of 1.25. Sapiens International Co. has a 1 year low of $25.30 and a 1 year high of $41.22.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $137.00 million during the quarter, compared to analyst estimates of $140.10 million. Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. Analysts predict that Sapiens International Co. will post 1.41 EPS for the current year.

Analysts Set New Price Targets

SPNS has been the subject of several recent analyst reports. StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Needham & Company LLC lowered 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 report on Tuesday, November 12th. Barclays decreased their target price on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group upped their target price 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.

About Sapiens International

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.