Sapiens International (NASDAQ:SPNS) Sets New 12-Month Low at $19.63

Shares of Sapiens International Co. (NASDAQ:SPNSGet Rating) reached a new 52-week low on Friday . The stock traded as low as $19.63 and last traded at $19.66, with a volume of 186 shares traded. The stock had previously closed at $20.03.

Analysts Set New Price Targets

SPNS has been the subject of several research analyst reports. Needham & Company LLC lowered their price objective on Sapiens International from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 21st. Finally, Citigroup reduced their target price on Sapiens International from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.00.

Sapiens International Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.81 and a current ratio of 1.81. The company has a 50 day moving average price of $22.51 and a 200 day moving average price of $23.87. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 20.92 and a beta of 1.32.

Sapiens International (NASDAQ:SPNSGet Rating) last released its quarterly earnings results on Wednesday, August 3rd. The technology company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $118.58 million for the quarter, compared to analyst estimates of $123.25 million. Sapiens International had a net margin of 11.15% and a return on equity of 15.94%. Sapiens International’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS. Equities research analysts predict that Sapiens International Co. will post 1.11 earnings per share for the current fiscal year.

Sapiens International Announces Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Tuesday, August 30th. Shareholders of record on Wednesday, August 17th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a yield of 3.2%. Sapiens International’s dividend payout ratio (DPR) is currently 96.84%.

Hedge Funds Weigh In On Sapiens International

A number of hedge funds have recently added to or reduced their stakes in SPNS. SG Americas Securities LLC bought a new position in shares of Sapiens International during the 2nd quarter worth approximately $102,000. FinTrust Capital Advisors LLC lifted its position in shares of Sapiens International by 51.4% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 4,210 shares of the technology company’s stock worth $109,000 after buying an additional 1,430 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Sapiens International by 21.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,046 shares of the technology company’s stock worth $170,000 after buying an additional 1,253 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Sapiens International during the 1st quarter worth approximately $228,000. Finally, Trexquant Investment LP bought a new position in shares of Sapiens International during the 2nd quarter worth approximately $236,000. Institutional investors and hedge funds own 26.02% of the company’s stock.

About Sapiens International

(Get Rating)

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, the European Union, the United Kingdom, Israel, and internationally. The company offers Sapiens CoreSuite and Sapiens IDITSuite for personal, commercial, and specialty lines; and Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster for life, pension, and annuities.

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