Sapiens International (SPNS) Downgraded by BidaskClub

Sapiens International (NASDAQ:SPNS) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Sapiens International from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Cowen restated a “buy” rating and set a $14.00 price objective on shares of Sapiens International in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $15.00.

Shares of Sapiens International (NASDAQ:SPNS) traded up $0.19 during midday trading on Friday, reaching $11.64. 16,357 shares of the company were exchanged, compared to its average volume of 43,047. The firm has a market capitalization of $563.52, a PE ratio of 582.29, a P/E/G ratio of 4.40 and a beta of 1.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.03 and a current ratio of 2.03. Sapiens International has a 52-week low of $10.57 and a 52-week high of $15.46.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data on Thursday, November 9th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. Sapiens International had a net margin of 0.38% and a return on equity of 6.84%. analysts forecast that Sapiens International will post 0.29 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in SPNS. Citigroup Inc. lifted its stake in Sapiens International by 345.1% in the second quarter. Citigroup Inc. now owns 40,037 shares of the technology company’s stock valued at $448,000 after buying an additional 31,041 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Sapiens International in the second quarter valued at approximately $358,000. Goldman Sachs Group Inc. lifted its stake in Sapiens International by 93.2% in the second quarter. Goldman Sachs Group Inc. now owns 320,428 shares of the technology company’s stock valued at $3,586,000 after buying an additional 154,555 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in Sapiens International in the second quarter valued at approximately $178,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Sapiens International in the second quarter valued at approximately $12,985,000. 9.17% of the stock is currently owned by hedge funds and other institutional investors.

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About Sapiens International

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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