Migdal Insurance & Financial Holdings Ltd. Acquires Shares of 1,159,993 Sapiens International Corporation N.V. (SPNS)

Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,159,993 shares of the technology company’s stock, valued at approximately $12,985,000. Migdal Insurance & Financial Holdings Ltd. owned approximately 2.36% of Sapiens International Corporation N.V. as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of Sapiens International Corporation N.V. by 17.7% during the first quarter. Renaissance Technologies LLC now owns 665,300 shares of the technology company’s stock valued at $8,569,000 after purchasing an additional 100,100 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Sapiens International Corporation N.V. during the first quarter valued at about $2,136,000. Congress Asset Management Co. MA raised its stake in shares of Sapiens International Corporation N.V. by 11.3% during the second quarter. Congress Asset Management Co. MA now owns 60,285 shares of the technology company’s stock valued at $675,000 after purchasing an additional 6,129 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Sapiens International Corporation N.V. by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 60,016 shares of the technology company’s stock valued at $773,000 after purchasing an additional 402 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its stake in shares of Sapiens International Corporation N.V. by 39.4% during the second quarter. Eagle Global Advisors LLC now owns 56,600 shares of the technology company’s stock valued at $633,000 after purchasing an additional 16,000 shares in the last quarter. Institutional investors and hedge funds own 11.74% of the company’s stock.

Shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) traded up 0.60% during midday trading on Friday, reaching $13.49. 26,512 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $12.21 and its 200 day moving average price is $12.19. The firm has a market capitalization of $662.68 million, a P/E ratio of 221.15 and a beta of 1.23. Sapiens International Corporation N.V. has a 52-week low of $10.57 and a 52-week high of $15.98.

Sapiens International Corporation N.V. (NASDAQ:SPNS) last posted its quarterly earnings results on Monday, August 7th. The technology company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $69.20 million for the quarter, compared to analysts’ expectations of $66.93 million. Sapiens International Corporation N.V. had a return on equity of 6.77% and a net margin of 1.39%. The firm’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 earnings per share. On average, equities research analysts anticipate that Sapiens International Corporation N.V. will post $0.36 EPS for the current fiscal year.

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A number of equities research analysts recently weighed in on SPNS shares. Cowen and Company started coverage on shares of Sapiens International Corporation N.V. in a research note on Wednesday, September 6th. They set an “outperform” rating and a $14.00 price objective on the stock. ValuEngine upgraded shares of Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Sapiens International Corporation N.V. from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, TheStreet cut shares of Sapiens International Corporation N.V. from a “b-” rating to a “c+” rating in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Sapiens International Corporation N.V. currently has a consensus rating of “Buy” and an average price target of $15.00.

About Sapiens International Corporation N.V.

Sapiens International Corporation N.V. (Sapiens) is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. Its software solutions portfolio consists of Life, Pension, Annuity and Retirement Solutions, including software solutions for the management of a range of products for life, pension, annuity and retirement; Property and Casualty/General Insurance Solutions, including a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts; Sapiens DECISION, which is a business decision management solution, and Technology-Based Solutions, such as Sapiens eMerge.

Institutional Ownership by Quarter for Sapiens International Corporation N.V. (NASDAQ:SPNS)

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