Wellington Management Group LLP Has $17.72 Million Stock Position in Sapiens International Co. (NASDAQ:SPNS)

Wellington Management Group LLP lifted its stake in shares of Sapiens International Co. (NASDAQ:SPNS) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 659,524 shares of the technology company’s stock after purchasing an additional 64,972 shares during the quarter. Wellington Management Group LLP owned 1.18% of Sapiens International worth $17,721,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SPNS. Dimensional Fund Advisors LP grew its stake in Sapiens International by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,077,821 shares of the technology company’s stock worth $28,961,000 after buying an additional 32,126 shares in the last quarter. Nine Ten Capital Management LLC boosted its position in shares of Sapiens International by 17.0% during the 4th quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company’s stock worth $28,866,000 after acquiring an additional 155,880 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Sapiens International by 65.7% in the 4th quarter. Royce & Associates LP now owns 932,703 shares of the technology company’s stock valued at $25,062,000 after purchasing an additional 369,947 shares in the last quarter. Topline Capital Management LLC acquired a new stake in shares of Sapiens International in the 4th quarter valued at $24,147,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Sapiens International by 1.8% in the 4th quarter. Renaissance Technologies LLC now owns 653,603 shares of the technology company’s stock valued at $17,562,000 after purchasing an additional 11,700 shares in the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Sapiens International in a research note on Wednesday, February 19th. Jefferies Financial Group downgraded shares of Sapiens International from a “buy” rating to a “hold” rating and reduced their price target for the company from $36.00 to $28.00 in a research note on Monday, February 3rd. Finally, Barclays raised their price target on shares of Sapiens International from $28.00 to $31.00 and gave the company an “underweight” rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.25.

Sapiens International Stock Performance

Shares of SPNS stock opened at $28.72 on Monday. Sapiens International Co. has a 12 month low of $23.69 and a 12 month high of $41.22. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 22.26 and a beta of 0.95. The business’s 50-day moving average price is $27.24 and its 200-day moving average price is $27.20.

Sapiens International (NASDAQ:SPNS) last posted its earnings results on Thursday, May 8th. The technology company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $136.11 million for the quarter, compared to analyst estimates of $136.25 million. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. Equities research analysts forecast that Sapiens International Co. will post 1.42 EPS for the current year.

Sapiens International Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, April 7th were paid a $0.66 dividend. This is a positive change from Sapiens International’s previous semi-annual dividend of $0.22. This represents a dividend yield of 2.2%. The ex-dividend date was Monday, April 7th. Sapiens International’s payout ratio is currently 46.15%.

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.