Zacks Investment Research Upgrades Sapiens International Corporation N.V. (SPNS) to Hold
Sapiens International Corporation N.V. (NASDAQ:SPNS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “SAPIENS INTL NV is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Serving as consultants and advisors, Sapiens works with companies to analyze their current systems and develop a blueprint for aligning technology with business goals. The company focuses on delivering innovative solutions that allow companies to build on existing IT assets. “
Several other brokerages have also weighed in on SPNS. Cowen and Company assumed coverage on Sapiens International Corporation N.V. in a report on Wednesday, September 6th. They issued an “outperform” rating and a $14.00 price objective for the company. TheStreet lowered Sapiens International Corporation N.V. from a “b-” rating to a “c+” rating in a report on Friday, June 16th. Finally, ValuEngine raised Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $15.00.
Sapiens International Corporation N.V. (NASDAQ:SPNS) traded down 0.88% on Wednesday, reaching $13.58. The company had a trading volume of 5,809 shares. Sapiens International Corporation N.V. has a 12 month low of $10.57 and a 12 month high of $15.98. The stock has a 50 day moving average of $12.37 and a 200 day moving average of $12.18. The firm has a market capitalization of $665.91 million, a PE ratio of 33.95 and a beta of 1.23.
Sapiens International Corporation N.V. (NASDAQ:SPNS) last announced its quarterly earnings data on Monday, August 7th. The technology company reported $0.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The firm had revenue of $69.20 million during the quarter, compared to analyst estimates of $66.93 million. Sapiens International Corporation N.V. had a return on equity of 6.77% and a net margin of 1.39%. Sapiens International Corporation N.V.’s quarterly revenue was up 30.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 earnings per share. On average, analysts anticipate that Sapiens International Corporation N.V. will post $0.36 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in Sapiens International Corporation N.V. by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 60,016 shares of the technology company’s stock valued at $773,000 after buying an additional 402 shares during the last quarter. American International Group Inc. increased its holdings in Sapiens International Corporation N.V. by 7.1% in the first quarter. American International Group Inc. now owns 14,962 shares of the technology company’s stock valued at $193,000 after buying an additional 997 shares during the last quarter. Congress Asset Management Co. MA increased its holdings in Sapiens International Corporation N.V. by 11.3% in the second quarter. Congress Asset Management Co. MA now owns 60,285 shares of the technology company’s stock valued at $675,000 after buying an additional 6,129 shares during the last quarter. Airain ltd bought a new stake in Sapiens International Corporation N.V. in the second quarter valued at about $123,000. Finally, BlueCrest Capital Management Ltd bought a new stake in Sapiens International Corporation N.V. in the second quarter valued at about $178,000. 11.74% of the stock is owned by hedge funds and other institutional investors.
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.
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