Sapiens International Co. (NASDAQ:SPNS) Shares Acquired by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc lifted its holdings in shares of Sapiens International Co. (NASDAQ:SPNS) by 8.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,317 shares of the technology company’s stock after buying an additional 556 shares during the period. Foyston Gordon & Payne Inc’s holdings in Sapiens International were worth $248,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SPNS. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Sapiens International during the second quarter worth about $16,616,000. Janus Henderson Group PLC raised its holdings in Sapiens International by 155.4% during the first quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company’s stock worth $19,276,000 after purchasing an additional 364,695 shares in the last quarter. Confluence Investment Management LLC purchased a new position in Sapiens International during the first quarter worth about $3,807,000. Assenagon Asset Management S.A. purchased a new position in Sapiens International during the second quarter worth about $3,339,000. Finally, Altshuler Shaham Ltd raised its holdings in Sapiens International by 585.2% during the fourth quarter. Altshuler Shaham Ltd now owns 113,247 shares of the technology company’s stock worth $3,288,000 after purchasing an additional 96,719 shares in the last quarter. Institutional investors and hedge funds own 30.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPNS. The Goldman Sachs Group increased their price target on shares of Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. StockNews.com raised shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 4th. Barclays increased their target price on shares of Sapiens International from $30.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC increased 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.

Sapiens International Trading Up 1.1 %

Shares of Sapiens International stock opened at $36.39 on Friday. Sapiens International Co. has a 12-month low of $24.39 and a 12-month high of $41.22. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.01 billion, a PE ratio of 31.10 and a beta of 1.22. The company has a 50-day moving average of $36.35 and a two-hundred day moving average of $33.40.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Sapiens International had a net margin of 12.92% and a return on equity of 17.60%. The business had revenue of $136.80 million during the quarter, compared to analysts’ expectations of $137.78 million. During the same period last year, the company posted $0.31 EPS. The company’s revenue was up 6.6% on a year-over-year basis. On average, research analysts anticipate that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Sapiens International Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, September 12th. Investors of record on Wednesday, August 28th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, August 28th. This represents a yield of 1.6%. This is a positive change from Sapiens International’s previous Semi-Annual dividend of $0.28. Sapiens International’s dividend payout ratio (DPR) is 49.57%.

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.