Sapiens International (NASDAQ:SPNS) Sets New 1-Year Low – Here’s What Happened

Sapiens International Co. (NASDAQ:SPNS) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $26.32 and last traded at $26.32, with a volume of 57730 shares. The stock had previously closed at $26.87.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SPNS shares. William Blair reissued a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Barclays dropped their price objective on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th. Finally, Needham & Company LLC lowered their price objective on Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $36.00.

Sapiens International Trading Down 2.4 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18. The company’s fifty day moving average price is $30.16 and its 200-day moving average price is $34.02. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 20.65 and a beta of 1.15.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The company had revenue of $137.00 million during the quarter, compared to analysts’ expectations of $140.10 million. During the same quarter in the prior year, the company posted $0.32 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts expect that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Sapiens International

Hedge funds have recently modified their holdings of the company. Morgan Dempsey Capital Management LLC raised its holdings in Sapiens International by 9.5% during the second quarter. Morgan Dempsey Capital Management LLC now owns 4,206 shares of the technology company’s stock worth $143,000 after purchasing an additional 365 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Sapiens International by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 11,328 shares of the technology company’s stock valued at $384,000 after purchasing an additional 569 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Sapiens International during the third quarter valued at approximately $26,000. Financial Management Professionals Inc. lifted its holdings in shares of Sapiens International by 57.9% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock worth $72,000 after acquiring an additional 713 shares during the period. Finally, XTX Topco Ltd lifted its position in Sapiens International by 13.5% during the second quarter. XTX Topco Ltd now owns 8,881 shares of the technology company’s stock valued at $301,000 after buying an additional 1,053 shares in the last quarter. Hedge funds and other institutional investors own 30.73% of the company’s stock.

About Sapiens International

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.