Sapiens International Co. (NASDAQ:SPNS) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP grew its stake in shares of Sapiens International Co. (NASDAQ:SPNS) by 10.9% during the fourth quarter, Holdings Channel reports. The firm owned 659,524 shares of the technology company’s stock after purchasing an additional 64,972 shares during the period. Wellington Management Group LLP’s holdings in Sapiens International were worth $17,721,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SPNS. National Bank of Canada FI acquired a new stake in Sapiens International during the 3rd quarter worth $26,000. Blue Trust Inc. grew its holdings in shares of Sapiens International by 171.2% during the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock worth $36,000 after purchasing an additional 856 shares during the last quarter. Morgan Dempsey Capital Management LLC increased its position in shares of Sapiens International by 8.8% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock worth $178,000 after purchasing an additional 539 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Sapiens International by 28.6% in the 4th quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company’s stock valued at $218,000 after purchasing an additional 1,801 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Sapiens International in the 4th quarter valued at about $262,000. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Sapiens International Trading Down 2.4 %

NASDAQ:SPNS opened at $23.92 on Wednesday. Sapiens International Co. has a 12-month low of $23.69 and a 12-month high of $41.22. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $27.11 and its 200-day simple moving average is $29.52. The firm has a market cap of $1.34 billion, a P/E ratio of 18.54 and a beta of 1.10.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The firm had revenue of $134.31 million during the quarter, compared to analyst estimates of $135.89 million. Equities analysts anticipate that Sapiens International Co. will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, April 7th will be given a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a yield of 2.2%. This is an increase from Sapiens International’s previous semi-annual dividend of $0.22. Sapiens International’s dividend payout ratio (DPR) is presently 46.51%.

Analysts Set New Price Targets

Several research firms have commented on SPNS. Needham & Company LLC reaffirmed a “buy” rating and set a $35.00 price target on shares of Sapiens International in a research report on Wednesday, February 19th. Barclays lowered their target price on shares of Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group downgraded shares of Sapiens International from a “buy” rating to a “hold” rating and reduced their price target for the company from $36.00 to $28.00 in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $33.50.

Sapiens International 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.