Schwartz Investment Counsel Inc. trimmed its holdings in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS – Free Report) by 23.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,452 shares of the technology company’s stock after selling 17,600 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Sapiens International were worth $1,651,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of SPNS. Mirae Asset Global Investments Co. Ltd. increased its stake in Sapiens International by 2,507.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company’s stock valued at $132,000 after purchasing an additional 4,689 shares in the last quarter. Larson Financial Group LLC increased its stake in Sapiens International by 2,216.7% in the first quarter. Larson Financial Group LLC now owns 973 shares of the technology company’s stock valued at $26,000 after purchasing an additional 931 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Sapiens International in the first quarter valued at approximately $2,248,000. Royce & Associates LP increased its position in shares of Sapiens International by 25.9% during the first quarter. Royce & Associates LP now owns 1,174,043 shares of the technology company’s stock worth $31,805,000 after acquiring an additional 241,340 shares in the last quarter. Finally, ARK Investment Management LLC increased its position in shares of Sapiens International by 50.7% during the first quarter. ARK Investment Management LLC now owns 74,531 shares of the technology company’s stock worth $2,019,000 after acquiring an additional 25,081 shares in the last quarter. Institutional investors own 30.73% of the company’s stock.
Analyst Upgrades and Downgrades
SPNS has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Sapiens International in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Sapiens International from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Needham & Company LLC downgraded shares of Sapiens International from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a research report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sapiens International currently has a consensus rating of “Reduce” and a consensus target price of $31.33.
Sapiens International Trading Up 0.2%
Shares of SPNS opened at $43.18 on Tuesday. Sapiens International Corporation N.V. has a 12 month low of $23.69 and a 12 month high of $43.18. The firm has a fifty day simple moving average of $42.67 and a 200 day simple moving average of $33.25. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 35.39 and a beta of 0.92.
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.
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