Acadian Asset Management LLC Acquires 79,302 Shares of Sapiens International Co. (NASDAQ:SPNS)

Acadian Asset Management LLC grew its holdings in shares of Sapiens International Co. (NASDAQ:SPNS) by 9.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 954,791 shares of the technology company’s stock after purchasing an additional 79,302 shares during the period. Acadian Asset Management LLC’s holdings in Sapiens International were worth $30,687,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Torray Investment Partners LLC raised its stake in shares of Sapiens International by 1.3% during the fourth quarter. Torray Investment Partners LLC now owns 43,754 shares of the technology company’s stock valued at $1,266,000 after acquiring an additional 581 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Sapiens International during the fourth quarter valued at $25,000. Financial Management Professionals Inc. bought a new position in shares of Sapiens International during the first quarter valued at $40,000. State Board of Administration of Florida Retirement System raised its stake in shares of Sapiens International by 1.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 74,258 shares of the technology company’s stock valued at $2,388,000 after acquiring an additional 1,361 shares during the last quarter. Finally, Psagot Value Holdings Ltd. Israel bought a new position in shares of Sapiens International during the fourth quarter valued at $41,000. Institutional investors own 30.73% of the company’s stock.

Sapiens International Trading Up 1.2 %

NASDAQ SPNS traded up $0.48 during mid-day trading on Monday, reaching $40.26. 95,268 shares of the stock were exchanged, compared to its average volume of 131,636. Sapiens International Co. has a one year low of $24.39 and a one year high of $40.54. The stock has a 50 day simple moving average of $34.61 and a 200-day simple moving average of $31.52. The stock has a market cap of $2.22 billion, a P/E ratio of 34.45 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.84 and a quick ratio of 1.84.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $134.25 million during the quarter, compared to analysts’ expectations of $133.63 million. Sapiens International had a net margin of 12.52% and a return on equity of 17.41%. On average, analysts anticipate that Sapiens International Co. will post 1.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SPNS. Needham & Company LLC reissued a “buy” rating and set a $38.00 target price on shares of Sapiens International in a research note on Wednesday, May 8th. StockNews.com downgraded shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

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.