Tokio Marine Asset Management Co. Ltd. Buys New Shares in Sapiens International Corporation N.V. $SPNS

Tokio Marine Asset Management Co. Ltd. purchased a new stake in Sapiens International Corporation N.V. (NASDAQ:SPNS) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 145,200 shares of the technology company’s stock, valued at approximately $6,244,000. Tokio Marine Asset Management Co. Ltd. owned approximately 0.26% of Sapiens International at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Sapiens International by 73.1% in the second quarter. GAMMA Investing LLC now owns 919 shares of the technology company’s stock worth $27,000 after acquiring an additional 388 shares during the last quarter. CWM LLC lifted its position in shares of Sapiens International by 262.5% during the 2nd quarter. CWM LLC now owns 1,526 shares of the technology company’s stock worth $45,000 after purchasing an additional 1,105 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in Sapiens International in the third quarter valued at $107,000. Tower Research Capital LLC TRC raised its stake in Sapiens International by 333.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,975 shares of the technology company’s stock valued at $116,000 after buying an additional 3,058 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in Sapiens International by 14.3% in the second quarter. Quantbot Technologies LP now owns 6,256 shares of the technology company’s stock valued at $183,000 after buying an additional 782 shares in the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

Sapiens International Stock Up 0.0%

Shares of NASDAQ:SPNS opened at $43.45 on Monday. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 38.11 and a beta of 0.89. Sapiens International Corporation N.V. has a fifty-two week low of $23.69 and a fifty-two week high of $43.52. The firm’s 50-day simple moving average is $43.31 and its 200-day simple moving average is $39.74.

Sapiens International (NASDAQ:SPNS) last posted its earnings results on Thursday, November 13th. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Sapiens International had a return on equity of 16.08% and a net margin of 11.40%.The company had revenue of $152.32 million for the quarter, compared to the consensus estimate of $148.23 million. During the same period in the previous year, the business earned $0.37 earnings per share. Sapiens International’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, research analysts forecast that Sapiens International Corporation N.V. will post 1.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Sapiens International in a research report on Monday, December 8th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sapiens International has a consensus rating of “Hold” and a consensus target price of $31.33.

Sapiens International Company Profile

Sapiens International Corporation is a leading global provider of software solutions for the insurance industry. The company offers core platforms for property and casualty (P&C), life insurance and annuities, and reinsurance, alongside digital and analytics tools that help carriers streamline operations, enhance customer engagement and accelerate product launches. Its modular architecture covers policy administration, billing, claims management, distribution and risk management, supporting both traditional and emerging lines of business.

Founded in 1982 and headquartered in Holon, Israel, Sapiens serves insurers, reinsurers and brokers in more than 30 countries across North America, Europe, Latin America and Asia-Pacific.