Sapiens International Corporation N.V. (NASDAQ:SPNS) Short Interest Update

Sapiens International Corporation N.V. (NASDAQ:SPNS) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 645,549 shares, a drop of 17.5% from the November 30th total of 782,386 shares. Based on an average trading volume of 483,407 shares, the short-interest ratio is presently 1.3 days. Currently, 1.4% of the company’s stock are short sold. Currently, 1.4% of the company’s stock are short sold. Based on an average trading volume of 483,407 shares, the short-interest ratio is presently 1.3 days.

Sapiens International Trading Up 0.0%

Sapiens International stock traded up $0.01 during mid-day trading on Wednesday, hitting $43.45. 1,330,400 shares of the company’s stock were exchanged, compared to its average volume of 537,883. Sapiens International has a 1-year low of $23.69 and a 1-year high of $43.52. The stock has a 50 day moving average of $43.25 and a two-hundred day moving average of $38.91. The stock has a market cap of $2.43 billion, a P/E ratio of 38.11 and a beta of 0.89.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Thursday, November 13th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $152.32 million during the quarter, compared to the consensus estimate of $148.23 million. Sapiens International had a return on equity of 16.08% and a net margin of 11.40%.The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 EPS. As a group, research analysts predict that Sapiens International will post 1.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Sapiens International in a research report on Monday, December 8th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Sapiens International presently has an average rating of “Hold” and an average target price of $31.33.

Institutional Investors Weigh In On Sapiens International

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. lifted its position in shares of Sapiens International by 20.8% during the 1st quarter. Invesco Ltd. now owns 26,635 shares of the technology company’s stock worth $722,000 after purchasing an additional 4,595 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Sapiens International in the first quarter valued at approximately $522,000. Trexquant Investment LP acquired a new stake in shares of Sapiens International in the first quarter worth $802,000. State of Wyoming increased its position in Sapiens International by 221.9% during the first quarter. State of Wyoming now owns 8,952 shares of the technology company’s stock worth $243,000 after acquiring an additional 6,171 shares during the period. Finally, AQR Capital Management LLC acquired a new position in Sapiens International during the 1st quarter valued at $209,000. 30.73% of the stock is owned by institutional investors and hedge funds.

Sapiens International Company Profile

Sapiens International Corporation is a leading global provider of software solutions for the insurance industry. The company offers core platforms for property and casualty (P&C), life insurance and annuities, and reinsurance, alongside digital and analytics tools that help carriers streamline operations, enhance customer engagement and accelerate product launches. Its modular architecture covers policy administration, billing, claims management, distribution and risk management, supporting both traditional and emerging lines of business.

Founded in 1982 and headquartered in Holon, Israel, Sapiens serves insurers, reinsurers and brokers in more than 30 countries across North America, Europe, Latin America and Asia-Pacific.