Sapiens International Co. (NASDAQ:SPNS) Announces Semi-Annual Dividend of $0.29

Sapiens International Co. (NASDAQ:SPNS) announced a Semi-Annual dividend on Thursday, August 15th, Zacks reports. Stockholders of record on Wednesday, August 28th will be given a dividend of 0.29 per share by the technology company on Thursday, September 12th. The ex-dividend date is Wednesday, August 28th. This is a positive change from Sapiens International’s previous Semi-Annual dividend of $0.28.

Sapiens International has increased its dividend payment by an average of 53.9% per year over the last three years. Sapiens International has a payout ratio of 35.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Sapiens International to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 37.3%.

Sapiens International Stock Performance

Sapiens International stock opened at $36.40 on Friday. The company has a 50 day moving average price of $35.74 and a 200-day moving average price of $32.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.16 and a current ratio of 2.16. Sapiens International has a fifty-two week low of $24.39 and a fifty-two week high of $41.22. The company has a market capitalization of $2.01 billion, a PE ratio of 31.15 and a beta of 1.22.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $136.80 million during the quarter, compared to the consensus estimate of $137.78 million. Sapiens International had a net margin of 12.92% and a return on equity of 17.60%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. As a group, equities analysts forecast that Sapiens International will post 1.42 earnings per share for the current year.

Analyst Ratings Changes

SPNS has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC boosted their price objective on shares of Sapiens International from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Barclays boosted their price objective on shares of Sapiens International from $30.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Finally, StockNews.com raised shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a research note 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.