Sapiens International Corporation N.V. (NASDAQ:SPNS) has received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $15.00.

A number of equities analysts have recently commented on the company. TheStreet cut Sapiens International Corporation N.V. from a “b-” rating to a “c+” rating in a report on Friday, June 16th. Zacks Investment Research raised Sapiens International Corporation N.V. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine raised Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Cowen and Company assumed coverage on Sapiens International Corporation N.V. in a report on Wednesday, September 6th. They set an “outperform” rating and a $14.00 price target for the company.

Shares of Sapiens International Corporation N.V. (NASDAQ SPNS) traded down 0.46% during mid-day trading on Wednesday, hitting $13.02. The stock had a trading volume of 7,324 shares. The stock’s 50-day moving average price is $11.50 and its 200 day moving average price is $12.19. The company has a market capitalization of $639.59 million, a P/E ratio of 213.44 and a beta of 1.17. Sapiens International Corporation N.V. has a 1-year low of $10.57 and a 1-year high of $15.98.

Sapiens International Corporation N.V. (NASDAQ:SPNS) last posted its quarterly earnings results on Monday, August 7th. The technology company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. Sapiens International Corporation N.V. had a return on equity of 6.77% and a net margin of 1.39%. The company had revenue of $69.20 million during the quarter, compared to analysts’ expectations of $66.93 million. During the same quarter in the previous year, the firm earned $0.13 EPS. Sapiens International Corporation N.V.’s revenue was up 30.6% on a year-over-year basis. On average, analysts predict that Sapiens International Corporation N.V. will post $0.36 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in Sapiens International Corporation N.V. by 17.7% in the 1st quarter. Renaissance Technologies LLC now owns 665,300 shares of the technology company’s stock worth $8,569,000 after purchasing an additional 100,100 shares in the last quarter. Sphera Funds Management LTD. increased its holdings in Sapiens International Corporation N.V. by 34.7% in the 1st quarter. Sphera Funds Management LTD. now owns 147,306 shares of the technology company’s stock worth $1,897,000 after purchasing an additional 37,984 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Sapiens International Corporation N.V. in the 1st quarter worth about $2,136,000. Martingale Asset Management L P increased its holdings in Sapiens International Corporation N.V. by 10.0% in the 1st quarter. Martingale Asset Management L P now owns 70,535 shares of the technology company’s stock worth $909,000 after purchasing an additional 6,395 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its holdings in Sapiens International Corporation N.V. by 11.3% in the 2nd quarter. Congress Asset Management Co. MA now owns 60,285 shares of the technology company’s stock worth $675,000 after purchasing an additional 6,129 shares in the last quarter. 11.74% of the stock is owned by institutional investors and hedge funds.

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Sapiens International Corporation N.V. Company Profile

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.

Analyst Recommendations for Sapiens International Corporation N.V. (NASDAQ:SPNS)

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