Lord Abbett & CO. LLC Has $22.81 Million Stock Holdings in Sapiens International Co. (NASDAQ:SPNS)

Lord Abbett & CO. LLC decreased its position in shares of Sapiens International Co. (NASDAQ:SPNS) by 25.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 848,814 shares of the technology company’s stock after selling 282,612 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Sapiens International were worth $22,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Topline Capital Management LLC bought a new position in shares of Sapiens International in the 4th quarter valued at $24,147,000. Voya Investment Management LLC lifted its holdings in Sapiens International by 7.3% during the 4th quarter. Voya Investment Management LLC now owns 90,441 shares of the technology company’s stock worth $2,430,000 after buying an additional 6,191 shares during the period. MetLife Investment Management LLC boosted its holdings in Sapiens International by 7.3% in the fourth quarter. MetLife Investment Management LLC now owns 18,535 shares of the technology company’s stock valued at $498,000 after acquiring an additional 1,263 shares during the last quarter. Nine Ten Capital Management LLC raised 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 buying an additional 155,880 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Sapiens International by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,077,821 shares of the technology company’s stock valued at $28,961,000 after purchasing an additional 32,126 shares during the period. Institutional investors and hedge funds own 30.73% of the company’s stock.

Sapiens International Trading Up 0.8 %

Sapiens International stock opened at $27.89 on Friday. Sapiens International Co. has a one year low of $23.69 and a one year high of $41.22. The business’s fifty day moving average is $26.99 and its 200 day moving average is $28.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.18. The stock has a market capitalization of $1.56 billion, a PE ratio of 21.62 and a beta of 1.10.

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

Sapiens International Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a yield of 2.2%. This is a positive change from Sapiens International’s previous semi-annual dividend of $0.22. Sapiens International’s dividend payout ratio (DPR) is 46.51%.

Wall Street Analysts Forecast Growth

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

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.