Sapiens International (NASDAQ:SPNS) Sets New 1-Year High – Should You Buy?

Shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) hit a new 52-week high on Tuesday . The stock traded as high as $43.25 and last traded at $43.23, with a volume of 473172 shares. The stock had previously closed at $43.14.

Analysts Set New Price Targets

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

Sapiens International Price Performance

The business has a 50 day moving average price of $43.06 and a 200 day moving average price of $35.68. The stock has a market capitalization of $2.42 billion, a PE ratio of 35.43 and a beta of 0.89.

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

Institutional Investors Weigh In On Sapiens International

A number of institutional investors have recently made changes to their positions in SPNS. Morningstar Investment Management LLC purchased a new stake in Sapiens International during the 3rd quarter valued at $1,451,000. Meteora Capital LLC bought a new position in shares of Sapiens International during the third quarter valued at $2,081,000. First Trust Capital Management L.P. bought a new position in shares of Sapiens International during the third quarter valued at $17,475,000. Woodline Partners LP purchased a new stake in shares of Sapiens International during the third quarter valued at $13,846,000. Finally, Water Island Capital LLC bought a new stake in Sapiens International in the 3rd quarter worth about $18,122,000. Hedge funds and other institutional investors own 30.73% of the company’s stock.

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.