Sapiens International Corp. (SPNS) Now Covered by Analysts at Credit Suisse Group AG
Research analysts at Credit Suisse Group AG assumed coverage on shares of Sapiens International Corp. (NASDAQ:SPNS) in a note issued to investors on Wednesday. The firm set an “outperform” rating on the stock.
SPNS has been the topic of a number of other research reports. Zacks Investment Research downgraded Sapiens International Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Roth Capital reaffirmed a “sell” rating on shares of Sapiens International Corp. in a research report on Sunday, July 10th. Finally, Barclays PLC boosted their price target on Sapiens International Corp. from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Sapiens International Corp. presently has an average rating of “Buy” and a consensus price target of $13.50.
Shares of Sapiens International Corp. (NASDAQ:SPNS) traded up 1.94% on Wednesday, hitting $13.63. The stock had a trading volume of 31,852 shares. The stock has a market cap of $667.16 million, a P/E ratio of 31.92 and a beta of 0.82. The firm’s 50-day moving average is $13.27 and its 200 day moving average is $12.60. Sapiens International Corp. has a 1-year low of $8.93 and a 1-year high of $14.13.
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Sapiens International Corp. (NASDAQ:SPNS) last issued its earnings results on Thursday, August 4th. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. Sapiens International Corp. had a return on equity of 12.48% and a net margin of 10.48%. The firm had revenue of $53 million for the quarter, compared to the consensus estimate of $50.78 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. Equities analysts forecast that Sapiens International Corp. will post $0.49 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Sapiens International Corp. by 12.9% in the first quarter. Geode Capital Management LLC now owns 45,635 shares of the company’s stock valued at $546,000 after buying an additional 5,207 shares in the last quarter. Avalon Advisors LLC acquired a new position in Sapiens International Corp. during the first quarter valued at $405,000. Acadian Asset Management LLC boosted its position in Sapiens International Corp. by 0.3% in the second quarter. Acadian Asset Management LLC now owns 125,206 shares of the company’s stock valued at $1,466,000 after buying an additional 428 shares in the last quarter. Bank of Montreal Can acquired a new position in Sapiens International Corp. during the second quarter valued at $144,000. Finally, Strs Ohio boosted its position in Sapiens International Corp. by 8.5% in the second quarter. Strs Ohio now owns 30,800 shares of the company’s stock valued at $360,000 after buying an additional 2,400 shares in the last quarter. 13.02% of the stock is owned by institutional investors and hedge funds.
About Sapiens International Corp.
Sapiens International Corporation N.V. (Sapiens) is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. Its software solutions portfolio consists of Life, Pension, Annuity and Retirement Solutions, including software solutions for the management of a range of products for life, pension, annuity and retirement; Property and Casualty/General Insurance Solutions, including a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts; Sapiens DECISION, which is a business decision management solution, and Technology-Based Solutions, such as Sapiens eMerge.
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