Morgan Dempsey Capital Management LLC Has $194,000 Stock Holdings in Sapiens International Corporation N.V. $SPNS

Morgan Dempsey Capital Management LLC raised its stake in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) by 41.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,636 shares of the technology company’s stock after purchasing an additional 1,956 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Sapiens International were worth $194,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SPNS. Goldman Sachs Group Inc. boosted its stake in Sapiens International by 227.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 550,343 shares of the technology company’s stock valued at $14,909,000 after purchasing an additional 382,138 shares during the last quarter. Nuveen LLC acquired a new position in Sapiens International during the 1st quarter valued at about $7,044,000. Millennium Management LLC boosted its stake in Sapiens International by 217.1% during the 1st quarter. Millennium Management LLC now owns 371,368 shares of the technology company’s stock valued at $10,060,000 after purchasing an additional 254,259 shares during the last quarter. Royce & Associates LP boosted its stake in Sapiens International by 25.9% during the 1st quarter. Royce & Associates LP now owns 1,174,043 shares of the technology company’s stock valued at $31,805,000 after purchasing an additional 241,340 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Sapiens International by 467.6% during the 1st quarter. Rhumbline Advisers now owns 264,065 shares of the technology company’s stock valued at $7,154,000 after purchasing an additional 217,540 shares during the last quarter. Institutional investors and hedge funds own 30.73% of the company’s stock.

Sapiens International Stock Up 0.2%

Sapiens International stock opened at $43.09 on Friday. Sapiens International Corporation N.V. has a 52 week low of $23.69 and a 52 week high of $43.18. The company’s 50 day moving average price is $42.38 and its two-hundred day moving average price is $33.09. The stock has a market cap of $2.41 billion, a P/E ratio of 35.32 and a beta of 0.92.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Sapiens International in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Sapiens International from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Needham & Company LLC cut shares of Sapiens International from a “buy” rating to a “hold” rating and set a $35.00 target price on the stock. in a research report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $31.33.

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.