Sapiens International Co. (NASDAQ:SPNS) Position Boosted by Seizert Capital Partners LLC

Seizert Capital Partners LLC boosted its position in Sapiens International Co. (NASDAQ:SPNS) by 47.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 189,365 shares of the technology company’s stock after buying an additional 61,200 shares during the period. Seizert Capital Partners LLC’s holdings in Sapiens International were worth $5,088,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Dempsey Capital Management LLC boosted its holdings in shares of Sapiens International by 8.8% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock valued at $178,000 after buying an additional 539 shares during the period. Principal Financial Group Inc. boosted its stake in Sapiens International by 6.5% in the fourth quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company’s stock valued at $279,000 after acquiring an additional 633 shares during the period. National Bank of Canada FI bought a new position in shares of Sapiens International during the third quarter valued at approximately $26,000. Blue Trust Inc. raised its position in shares of Sapiens International by 171.2% during the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock worth $36,000 after purchasing an additional 856 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Sapiens International by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 74,096 shares of the technology company’s stock worth $1,991,000 after purchasing an additional 874 shares during the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

Sapiens International Stock Performance

SPNS stock opened at $27.29 on Wednesday. The company has a market capitalization of $1.53 billion, a P/E ratio of 21.16 and a beta of 1.16. The company has a quick ratio of 2.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.04. The company has a 50-day simple moving average of $26.72 and a 200 day simple moving average of $31.14. Sapiens International Co. has a fifty-two week low of $25.01 and a fifty-two week high of $41.22.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The company had revenue of $134.31 million during the quarter, compared to the consensus estimate of $135.89 million. Sell-side analysts predict that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SPNS has been the subject of a number of recent research reports. Needham & Company LLC restated a “buy” rating and set a $35.00 price objective on shares of Sapiens International in a research note on Wednesday, February 19th. William Blair restated a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. StockNews.com downgraded shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Jefferies Financial Group cut shares of Sapiens International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. Finally, Barclays cut their price target on Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.50.

Sapiens International Company 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.