Y.D. More Investments Ltd Boosts Holdings in Sapiens International Corporation N.V. $SPNS

Y.D. More Investments Ltd raised its position in Sapiens International Corporation N.V. (NASDAQ:SPNS) by 187.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 214,680 shares of the technology company’s stock after purchasing an additional 139,938 shares during the period. Y.D. More Investments Ltd owned 0.38% of Sapiens International worth $6,292,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPNS. Goldman Sachs Group Inc. raised its position in shares of Sapiens International by 227.2% in the first quarter. Goldman Sachs Group Inc. now owns 550,343 shares of the technology company’s stock worth $14,909,000 after buying an additional 382,138 shares in the last quarter. Nuveen LLC bought a new stake in shares of Sapiens International during the 1st quarter valued at about $7,044,000. Millennium Management LLC boosted its position in shares of 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 acquiring an additional 254,259 shares during the last quarter. Royce & Associates LP increased its position in shares of Sapiens International by 25.9% in the first quarter. Royce & Associates LP now owns 1,174,043 shares of the technology company’s stock worth $31,805,000 after purchasing an additional 241,340 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Sapiens International by 467.6% in the first 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 in the last quarter. Institutional investors own 30.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sapiens International in a report on Wednesday, October 8th. Needham & Company LLC downgraded Sapiens International from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research report on Wednesday, August 13th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $31.33.

Sapiens International Stock Down 0.1%

Sapiens International stock opened at $43.18 on Friday. The firm has a fifty day simple moving average of $43.05 and a two-hundred day simple moving average of $35.51. Sapiens International Corporation N.V. has a twelve month low of $23.69 and a twelve month high of $43.25. The company has a market capitalization of $2.42 billion, a PE ratio of 35.39 and a beta of 0.89.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings data on Thursday, November 13th. The technology company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. Sapiens International had a return on equity of 16.59% and a net margin of 12.45%.The firm had revenue of $152.32 million for the quarter, compared to the consensus estimate of $148.23 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities analysts expect that Sapiens International Corporation N.V. will post 1.42 earnings per share for the current fiscal year.

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.