Seizert Capital Partners LLC Buys 4,273 Shares of Sapiens International Corporation N.V. $SPNS

Seizert Capital Partners LLC increased its stake in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) by 2.3% in the second quarter, Holdings Channel.com reports. The firm owned 192,815 shares of the technology company’s stock after buying an additional 4,273 shares during the quarter. Seizert Capital Partners LLC’s holdings in Sapiens International were worth $5,640,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd lifted its stake in shares of Sapiens International by 187.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 214,680 shares of the technology company’s stock valued at $6,292,000 after acquiring an additional 139,938 shares during the last quarter. Cetera Investment Advisers increased its holdings in Sapiens International by 9.1% in the 2nd quarter. Cetera Investment Advisers now owns 11,545 shares of the technology company’s stock worth $338,000 after purchasing an additional 960 shares in the last quarter. Geode Capital Management LLC raised its position in Sapiens International by 2.3% in the second quarter. Geode Capital Management LLC now owns 423,983 shares of the technology company’s stock valued at $12,402,000 after purchasing an additional 9,606 shares during the last quarter. Zions Bancorporation National Association UT raised its position in Sapiens International by 3.2% in the second quarter. Zions Bancorporation National Association UT now owns 72,562 shares of the technology company’s stock valued at $2,122,000 after purchasing an additional 2,248 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Sapiens International by 1.1% during the second quarter. Acadian Asset Management LLC now owns 747,046 shares of the technology company’s stock valued at $21,829,000 after purchasing an additional 8,117 shares in the last quarter. Institutional investors and hedge funds own 30.73% of the company’s stock.

Sapiens International Stock Performance

Shares of Sapiens International stock opened at $43.23 on Wednesday. The stock has a market capitalization of $2.42 billion, a PE ratio of 35.43 and a beta of 0.89. Sapiens International Corporation N.V. has a 52 week low of $23.69 and a 52 week high of $43.25. The stock has a 50 day moving average price of $43.06 and a two-hundred day moving average price of $35.79.

Sapiens International (NASDAQ:SPNS) last issued its 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 return on equity of 16.59% and a net margin of 12.45%.The company had revenue of $152.32 million for the quarter, compared to analysts’ expectations of $148.23 million. During the same period last year, the business earned $0.37 EPS. Sapiens International’s quarterly revenue was up 11.2% compared to the same quarter last year. Research analysts forecast that Sapiens International Corporation N.V. will post 1.42 EPS for the current year.

Analyst Ratings Changes

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

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.