Sapiens International Co. (NASDAQ:SPNS) has been assigned an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $15.17.
A number of research analysts have issued reports on the company. Zacks Investment Research cut Sapiens International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Barclays reissued a “hold” rating and issued a $14.50 target price on shares of Sapiens International in a research note on Wednesday, February 27th. Finally, BidaskClub cut Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 22nd.
A number of large investors have recently bought and sold shares of SPNS. Wells Fargo & Company MN bought a new position in shares of Sapiens International in the first quarter worth $30,000. State of Tennessee Treasury Department purchased a new stake in shares of Sapiens International during the first quarter valued at approximately $36,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Sapiens International by 64.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,012 shares of the technology company’s stock valued at $44,000 after buying an additional 1,574 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Sapiens International during the fourth quarter valued at approximately $52,000. Finally, Morgan Stanley grew its holdings in shares of Sapiens International by 72.0% during the first quarter. Morgan Stanley now owns 9,381 shares of the technology company’s stock valued at $144,000 after buying an additional 3,927 shares during the last quarter.
NASDAQ SPNS traded down $0.01 on Friday, reaching $16.13. The company had a trading volume of 1,892 shares, compared to its average volume of 97,570. The company has a market capitalization of $817.89 million and a PE ratio of 30.11. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.42. Sapiens International has a 52 week low of $9.53 and a 52 week high of $17.41.
Sapiens International (NASDAQ:SPNS) last posted its earnings results on Monday, May 6th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Sapiens International had a return on equity of 14.01% and a net margin of 5.45%. The firm had revenue of $76.79 million during the quarter, compared to analysts’ expectations of $75.69 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The company’s revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts predict that Sapiens International will post 0.66 earnings per share for the current fiscal year.
About Sapiens International
Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, Europe, the Asia Pacific, and South Africa. The company offers software platform and solutions for personal, commercial, and specialty lines, as well as reinsurance and workers' compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster.
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