Morgan Dempsey Capital Management LLC Boosts Stock Holdings in Sapiens International Corporation N.V. $SPNS

Morgan Dempsey Capital Management LLC boosted its position in Sapiens International Corporation N.V. (NASDAQ:SPNS) by 41.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,636 shares of the technology company’s stock after purchasing an additional 1,956 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Sapiens International were worth $194,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC raised its holdings in Sapiens International by 2,216.7% during the 1st quarter. Larson Financial Group LLC now owns 973 shares of the technology company’s stock valued at $26,000 after acquiring an additional 931 shares during the period. GAMMA Investing LLC raised its holdings in Sapiens International by 73.1% during the 2nd quarter. GAMMA Investing LLC now owns 919 shares of the technology company’s stock valued at $27,000 after acquiring an additional 388 shares during the period. CWM LLC raised its holdings in Sapiens International by 262.5% during the 2nd quarter. CWM LLC now owns 1,526 shares of the technology company’s stock valued at $45,000 after acquiring an additional 1,105 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Sapiens International by 2,507.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company’s stock valued at $132,000 after acquiring an additional 4,689 shares during the period. Finally, AQR Capital Management LLC bought a new stake in Sapiens International during the 1st quarter valued at $209,000. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Analyst Upgrades and Downgrades

SPNS has been the topic of a number of analyst reports. Needham & Company LLC cut shares of Sapiens International from a “buy” rating to a “hold” rating and set a $35.00 target price on the stock. in a report on Wednesday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Sapiens International in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Sapiens International from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $31.33.

Sapiens International Price Performance

SPNS opened at $43.09 on Friday. The company has a fifty day moving average price of $42.38 and a 200-day moving average price of $33.09. The firm has a market capitalization of $2.41 billion, a P/E ratio of 35.32 and a beta of 0.92. Sapiens International Corporation N.V. has a one year low of $23.69 and a one year high of $43.18.

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.