Foundry Partners LLC Has $4.19 Million Stock Position in Sapiens International Co. (NASDAQ:SPNS)

Foundry Partners LLC boosted its position in Sapiens International Co. (NASDAQ:SPNS) by 11.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,210 shares of the technology company’s stock after buying an additional 13,166 shares during the quarter. Foundry Partners LLC owned approximately 0.24% of Sapiens International worth $4,188,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Confluence Investment Management LLC acquired a new stake in shares of Sapiens International in the first quarter worth $3,807,000. Vanguard Group Inc. increased its holdings in shares of Sapiens International by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,295,832 shares of the technology company’s stock worth $36,841,000 after purchasing an additional 106,358 shares during the period. Altshuler Shaham Ltd lifted its stake in shares of Sapiens International by 585.2% in the fourth quarter. Altshuler Shaham Ltd now owns 113,247 shares of the technology company’s stock valued at $3,288,000 after buying an additional 96,719 shares during the period. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new stake in shares of Sapiens International in the fourth quarter valued at about $1,861,000. Finally, Seizert Capital Partners LLC grew its position in Sapiens International by 71.7% during the fourth quarter. Seizert Capital Partners LLC now owns 129,151 shares of the technology company’s stock worth $3,738,000 after buying an additional 53,949 shares in the last quarter. Institutional investors own 30.73% of the company’s stock.

Sapiens International Price Performance

Shares of SPNS stock traded down $0.05 during trading hours on Thursday, hitting $39.17. The company had a trading volume of 169,328 shares, compared to its average volume of 129,568. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 33.47 and a beta of 1.22. Sapiens International Co. has a 12 month low of $24.39 and a 12 month high of $39.61. The firm’s fifty day moving average is $34.39 and its 200 day moving average is $31.33.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $134.25 million during the quarter, compared to analyst estimates of $133.63 million. Sapiens International had a return on equity of 17.41% and a net margin of 12.52%. On average, sell-side analysts predict that Sapiens International Co. will post 1.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $38.00 target price on shares of Sapiens International in a research report on Wednesday, May 8th.

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.