Sapiens International (NASDAQ:SPNS) Reaches New 1-Year High – What’s Next?

Sapiens International Corporation N.V. (NASDAQ:SPNS) hit a new 52-week high during trading on Wednesday . The company traded as high as $43.21 and last traded at $43.1950, with a volume of 431294 shares. The stock had previously closed at $43.16.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SPNS shares. Needham & Company LLC lowered shares of Sapiens International from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a research report on Wednesday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sapiens International in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Sapiens International from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sapiens International has an average rating of “Reduce” and a consensus target price of $31.33.

Sapiens International Stock Performance

The company has a market capitalization of $2.42 billion, a PE ratio of 35.41 and a beta of 0.89. The business has a fifty day moving average price of $43.04 and a 200 day moving average price of $35.24.

Institutional Investors Weigh In On Sapiens International

Several institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC increased its stake 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 worth $26,000 after buying an additional 931 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Sapiens International during the first quarter valued at about $2,248,000. Royce & Associates LP increased its position in shares of Sapiens International by 25.9% during the first quarter. Royce & Associates LP now owns 1,174,043 shares of the technology company’s stock worth $31,805,000 after acquiring an additional 241,340 shares during the last quarter. ARK Investment Management LLC lifted its stake in shares of Sapiens International by 50.7% in the first quarter. ARK Investment Management LLC now owns 74,531 shares of the technology company’s stock worth $2,019,000 after acquiring an additional 25,081 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Sapiens International by 3.4% in the first quarter. LPL Financial LLC now owns 70,590 shares of the technology company’s stock valued at $1,912,000 after purchasing an additional 2,335 shares during the last quarter. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Sapiens International Company Profile

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.