Brokerages Set Sapiens International Co. (NASDAQ:SPNS) PT at $34.25

Sapiens International Co. (NASDAQ:SPNS) has been given a consensus recommendation of “Hold” by the five analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $34.25.

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group lowered shares of Sapiens International from a “buy” rating to a “hold” rating and cut their price target for the stock from $36.00 to $28.00 in a report on Monday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $35.00 price target on shares of Sapiens International in a report on Wednesday, February 19th. Finally, Barclays lifted their target price on shares of Sapiens International from $28.00 to $31.00 and gave the company an “underweight” rating in a research note on Friday, May 9th.

Institutional Investors Weigh In On Sapiens International

Several hedge funds have recently bought and sold shares of the business. Royce & Associates LP boosted its stake in 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in Sapiens International by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,077,821 shares of the technology company’s stock worth $28,961,000 after acquiring an additional 32,126 shares in the last quarter. Nine Ten Capital Management LLC boosted its stake in Sapiens International by 17.0% during the fourth quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company’s stock worth $28,866,000 after acquiring an additional 155,880 shares in the last quarter. Topline Capital Management LLC boosted its stake in Sapiens International by 5.2% during the first quarter. Topline Capital Management LLC now owns 945,377 shares of the technology company’s stock worth $25,610,000 after acquiring an additional 46,715 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Sapiens International by 8.1% during the first quarter. Wellington Management Group LLP now owns 713,109 shares of the technology company’s stock worth $19,318,000 after acquiring an additional 53,585 shares in the last quarter. Institutional investors own 30.73% of the company’s stock.

Sapiens International Price Performance

Shares of Sapiens International stock opened at $28.20 on Wednesday. The firm has a market cap of $1.58 billion, a PE ratio of 21.86 and a beta of 0.95. Sapiens International has a 12-month low of $23.69 and a 12-month high of $41.22. The company has a quick ratio of 2.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.04. The company’s fifty day simple moving average is $27.14 and its two-hundred day simple moving average is $27.58.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings results on Thursday, May 8th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $136.11 million for the quarter, compared to analyst estimates of $136.25 million. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. As a group, equities analysts expect that Sapiens International will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, April 16th. Stockholders of record on Monday, April 7th were paid a dividend of $0.66 per share. This is a positive change from Sapiens International’s previous semi-annual dividend of $0.22. The ex-dividend date was Monday, April 7th. This represents a dividend yield of 2.2%. Sapiens International’s payout ratio is presently 46.15%.

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.