Schwab Charles Investment Management Inc. Maintains Stake in Sapiens International Corporation N.V. (SPNS)

Schwab Charles Investment Management Inc. held its stake in Sapiens International Corporation N.V. (NASDAQ:SPNS) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,066 shares of the technology company’s stock at the close of the first quarter. Schwab Charles Investment Management Inc. owned 0.07% of Sapiens International Corporation N.V. worth $426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of Sapiens International Corporation N.V. by 17.7% during the first quarter. Renaissance Technologies LLC now owns 665,300 shares of the technology company’s stock valued at $8,569,000 after acquiring an additional 100,100 shares in the last quarter. Cadence Capital Management LLC increased its position in shares of Sapiens International Corporation N.V. by 4.4% during the first quarter. Cadence Capital Management LLC now owns 76,453 shares of the technology company’s stock valued at $985,000 after acquiring an additional 3,194 shares in the last quarter. Sphera Funds Management LTD. increased its position in shares of Sapiens International Corporation N.V. by 34.7% during the first quarter. Sphera Funds Management LTD. now owns 147,306 shares of the technology company’s stock valued at $1,897,000 after acquiring an additional 37,984 shares in the last quarter. American International Group Inc. increased its position in shares of Sapiens International Corporation N.V. by 7.1% during the first quarter. American International Group Inc. now owns 14,962 shares of the technology company’s stock valued at $193,000 after acquiring an additional 997 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its position in shares of Sapiens International Corporation N.V. by 55.9% during the first quarter. Congress Asset Management Co. MA now owns 54,156 shares of the technology company’s stock valued at $698,000 after acquiring an additional 19,426 shares in the last quarter. 11.74% of the stock is owned by institutional investors and hedge funds.

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Shares of Sapiens International Corporation N.V. (NASDAQ SPNS) traded up 1.68% during midday trading on Friday, reaching $12.73. 8,139 shares of the company traded hands. Sapiens International Corporation N.V. has a 1-year low of $10.57 and a 1-year high of $15.98. The company has a market capitalization of $625.35 million, a PE ratio of 208.69 and a beta of 1.17. The company has a 50 day moving average price of $11.40 and a 200 day moving average price of $12.26.

Sapiens International Corporation N.V. (NASDAQ:SPNS) last posted its quarterly earnings data on Monday, August 7th. The technology company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $69.20 million during the quarter, compared to analyst estimates of $66.93 million. Sapiens International Corporation N.V. had a net margin of 1.39% and a return on equity of 6.77%. Sapiens International Corporation N.V.’s revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. On average, analysts expect that Sapiens International Corporation N.V. will post $0.36 earnings per share for the current year.

Several brokerages recently weighed in on SPNS. Zacks Investment Research downgraded shares of Sapiens International Corporation N.V. from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. ValuEngine raised shares of Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Cowen and Company began coverage on shares of Sapiens International Corporation N.V. in a research report on Wednesday, September 6th. They set an “outperform” rating and a $14.00 price target for the company. Finally, TheStreet downgraded shares of Sapiens International Corporation N.V. from a “b-” rating to a “c+” rating in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Sapiens International Corporation N.V. has a consensus rating of “Buy” and a consensus target price of $15.00.

About Sapiens International Corporation N.V.

Sapiens International Corporation N.V. (Sapiens) is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. Its software solutions portfolio consists of Life, Pension, Annuity and Retirement Solutions, including software solutions for the management of a range of products for life, pension, annuity and retirement; Property and Casualty/General Insurance Solutions, including a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts; Sapiens DECISION, which is a business decision management solution, and Technology-Based Solutions, such as Sapiens eMerge.

Institutional Ownership by Quarter for Sapiens International Corporation N.V. (NASDAQ:SPNS)

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