Sapiens International Co. (NASDAQ:SPNS) Stock Holdings Increased by Zacks Investment Management

Zacks Investment Management raised its holdings in shares of Sapiens International Co. (NASDAQ:SPNS) by 42.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,734 shares of the technology company’s stock after acquiring an additional 5,259 shares during the period. Zacks Investment Management’s holdings in Sapiens International were worth $661,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in Sapiens International during the 3rd quarter valued at $26,000. Summit Securities Group LLC bought a new stake in Sapiens International during the 2nd quarter valued at $34,000. Financial Management Professionals Inc. raised its stake in shares of Sapiens International by 57.9% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock worth $72,000 after buying an additional 713 shares in the last quarter. Morgan Dempsey Capital Management LLC raised its stake in shares of Sapiens International by 9.5% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 4,206 shares of the technology company’s stock worth $143,000 after buying an additional 365 shares in the last quarter. Finally, MQS Management LLC bought a new stake in shares of Sapiens International in the 3rd quarter worth $230,000. Institutional investors own 30.73% of the company’s stock.

Sapiens International Stock Down 0.2 %

Shares of Sapiens International stock opened at $28.11 on Wednesday. The stock’s fifty day moving average is $32.94 and its 200-day moving average is $34.68. The firm has a market capitalization of $1.57 billion, a PE ratio of 22.13 and a beta of 1.15. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. Sapiens International Co. has a 12-month low of $25.70 and a 12-month high of $41.22.

Sapiens International (NASDAQ:SPNS) last announced its earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $137.00 million for the quarter, compared to analyst estimates of $140.10 million. Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. Equities analysts anticipate that Sapiens International Co. will post 1.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SPNS. Needham & Company LLC dropped their price objective on Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. William Blair reissued a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. Finally, Barclays dropped their price objective on Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Sapiens International currently has an average rating of “Hold” and a consensus target price of $36.00.

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.