Sapiens International (NASDAQ:SPNS) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Friday, MarketBeat Ratings reports.
Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Sapiens International from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. BidaskClub upgraded Sapiens International from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $15.00.
Shares of Sapiens International (NASDAQ SPNS) opened at $9.23 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.03 and a current ratio of 2.03. Sapiens International has a 52 week low of $9.14 and a 52 week high of $15.46. The company has a market capitalization of $450.81, a price-to-earnings ratio of 33.93, a price-to-earnings-growth ratio of 4.41 and a beta of 0.98.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd boosted its stake in Sapiens International by 1.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 341,873 shares of the technology company’s stock valued at $4,513,000 after purchasing an additional 3,996 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sapiens International by 23.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 39,359 shares of the technology company’s stock valued at $520,000 after purchasing an additional 7,400 shares during the last quarter. Jane Street Group LLC boosted its stake in Sapiens International by 58.5% during the 3rd quarter. Jane Street Group LLC now owns 25,690 shares of the technology company’s stock valued at $339,000 after purchasing an additional 9,485 shares during the last quarter. Kingfisher Capital LLC purchased a new stake in Sapiens International during the 4th quarter valued at $118,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in Sapiens International during the 2nd quarter valued at $178,000. Institutional investors and hedge funds own 8.44% of the company’s stock.
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Sapiens International Company Profile
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.
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