Tokio Marine Asset Management Co. Ltd. Makes New $6.24 Million Investment in Sapiens International Corporation N.V. $SPNS

Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) during the third quarter, Holdings Channel reports. The institutional investor bought 145,200 shares of the technology company’s stock, valued at approximately $6,244,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Topline Capital Management LLC grew its position in shares of Sapiens International by 9.7% during the second quarter. Topline Capital Management LLC now owns 1,037,075 shares of the technology company’s stock worth $30,334,000 after acquiring an additional 91,698 shares during the last quarter. Acadian Asset Management LLC grew its position in Sapiens International by 1.1% in the 2nd quarter. Acadian Asset Management LLC now owns 747,046 shares of the technology company’s stock worth $21,829,000 after purchasing an additional 8,117 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Sapiens International by 227.2% in the first quarter. Goldman Sachs Group Inc. now owns 550,343 shares of the technology company’s stock valued at $14,909,000 after purchasing an additional 382,138 shares during the period. Geode Capital Management LLC raised its holdings in shares of Sapiens International by 2.3% during the second quarter. Geode Capital Management LLC now owns 423,983 shares of the technology company’s stock valued at $12,402,000 after buying an additional 9,606 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Sapiens International by 217.1% during the first quarter. Millennium Management LLC now owns 371,368 shares of the technology company’s stock worth $10,060,000 after buying an additional 254,259 shares during the period. 30.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Sapiens International Stock Up 0.0%

SPNS opened at $43.45 on Monday. The business has a fifty day simple moving average of $43.31 and a 200-day simple moving average of $39.74. The firm has a market cap of $2.43 billion, a PE ratio of 38.11 and a beta of 0.89. Sapiens International Corporation N.V. has a fifty-two week low of $23.69 and a fifty-two week high of $43.52.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Thursday, November 13th. The technology company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Sapiens International had a return on equity of 16.08% and a net margin of 11.40%.The business had revenue of $152.32 million during the quarter, compared to analyst estimates of $148.23 million. During the same quarter last year, the company posted $0.37 EPS. Sapiens International’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts anticipate that Sapiens International Corporation N.V. will post 1.42 EPS for the current fiscal year.

Sapiens International 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.