Sapiens International (NASDAQ:SPNS) Stock Rating Lowered by Zacks Investment Research

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Zacks Investment Research lowered shares of Sapiens International (NASDAQ:SPNS) from a buy rating to a hold rating in a research report report published on Saturday, Zacks.com reports.

According to Zacks, “SAPIENS INTL NV is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Serving as consultants and advisors, Sapiens works with companies to analyze their current systems and develop a blueprint for aligning technology with business goals. The company focuses on delivering innovative solutions that allow companies to build on existing IT assets. “

Separately, BidaskClub lowered shares of American Superconductor from a hold rating to a sell rating in a research note on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $15.83.

SPNS stock opened at $16.06 on Friday. The firm has a fifty day simple moving average of $16.30. Sapiens International has a fifty-two week low of $10.03 and a fifty-two week high of $17.41. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market capitalization of $814.90 million and a price-to-earnings ratio of 30.30.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Monday, May 6th. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $76.79 million during the quarter, compared to analyst estimates of $75.69 million. Sapiens International had a net margin of 5.45% and a return on equity of 14.01%. Sapiens International’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. As a group, research analysts anticipate that Sapiens International will post 0.66 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in SPNS. Clal Insurance Enterprises Holdings Ltd increased its stake in Sapiens International by 12.8% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,030,241 shares of the technology company’s stock valued at $15,742,000 after purchasing an additional 116,712 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its stake in Sapiens International by 5.1% in the first quarter. Menora Mivtachim Holdings LTD. now owns 163,999 shares of the technology company’s stock valued at $2,506,000 after purchasing an additional 7,945 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in Sapiens International during the first quarter valued at about $752,000. Monarch Partners Asset Management LLC grew its position in Sapiens International by 49.2% during the first quarter. Monarch Partners Asset Management LLC now owns 35,856 shares of the technology company’s stock valued at $548,000 after acquiring an additional 11,825 shares during the period. Finally, Acadian Asset Management LLC grew its position in Sapiens International by 114.6% during the first quarter. Acadian Asset Management LLC now owns 84,812 shares of the technology company’s stock valued at $1,296,000 after acquiring an additional 45,286 shares during the period.

About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, Europe, the Asia Pacific, and South Africa. The company offers software platform and solutions for personal, commercial, and specialty lines, as well as reinsurance and workers' compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster.

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