Sapiens International Co. (NASDAQ:SPNS – Get Free Report) 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.
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.
Check Out Our Latest Report on Sapiens International
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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