Annex Advisory Services LLC boosted its holdings in shares of Sapiens International Co. (NASDAQ:SPNS – Free Report) by 10.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 38,561 shares of the technology company’s stock after acquiring an additional 3,712 shares during the period. Annex Advisory Services LLC owned 0.07% of Sapiens International worth $1,308,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of SPNS. Meeder Asset Management Inc. acquired a new stake in Sapiens International during the 4th quarter worth $25,000. Financial Management Professionals Inc. acquired a new position in shares of Sapiens International in the 1st quarter valued at $40,000. Psagot Value Holdings Ltd. Israel acquired a new position in shares of Sapiens International in the 4th quarter valued at $41,000. Lazard Asset Management LLC acquired a new position in shares of Sapiens International in the 1st quarter valued at $192,000. Finally, Foyston Gordon & Payne Inc acquired a new position in shares of Sapiens International in the 1st quarter valued at $217,000. Institutional investors and hedge funds own 30.73% of the company’s stock.
Sapiens International Stock Performance
Shares of NASDAQ:SPNS traded up $0.09 on Friday, reaching $35.37. 136,298 shares of the company’s stock were exchanged, compared to its average volume of 140,429. The company has a fifty day moving average of $35.65 and a 200-day moving average of $32.57. Sapiens International Co. has a twelve month low of $24.39 and a twelve month high of $41.22. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 30.23 and a beta of 1.22. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on SPNS shares. The Goldman Sachs Group boosted their price target on shares of Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC upped their target price on shares of Sapiens International from $38.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays upped their price target on shares of Sapiens International from $30.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Finally, StockNews.com upgraded shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 4th.
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.
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