Shares of Sapiens International Co. (NASDAQ:SPNS) have been assigned an average rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $15.00.
A number of research analysts have commented on the company. Zacks Investment Research downgraded Sapiens International from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. BidaskClub raised Sapiens International from a “sell” rating to a “hold” rating in a report on Friday, March 2nd. Barclays downgraded Sapiens International from an “overweight” rating to an “equal weight” rating in a report on Friday, February 16th. Finally, William Blair reiterated an “outperform” rating on shares of Sapiens International in a research report on Thursday, March 8th.
Sapiens International (SPNS) opened at $9.39 on Wednesday. The company has a market capitalization of $462.63, a PE ratio of 939.94, a P/E/G ratio of 4.48 and a beta of 1.18. Sapiens International has a 1-year low of $9.11 and a 1-year high of $14.30. The company has a quick ratio of 2.03, a current ratio of 1.88 and a debt-to-equity ratio of 0.39.
Institutional investors have recently made changes to their positions in the company. Meitav Dash Investments Ltd. acquired a new stake in Sapiens International in the 4th quarter valued at approximately $554,000. Kingfisher Capital LLC acquired a new position in shares of Sapiens International during the 4th quarter valued at $118,000. ARK Investment Management LLC acquired a new position in shares of Sapiens International during the 4th quarter valued at $213,000. Jane Street Group LLC boosted its stake in shares of Sapiens International by 58.5% during the 3rd quarter. Jane Street Group LLC now owns 25,690 shares of the technology company’s stock worth $339,000 after acquiring an additional 9,485 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Sapiens International by 23.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 39,359 shares of the technology company’s stock worth $520,000 after acquiring an additional 7,400 shares in the last quarter. Institutional investors and hedge funds own 8.67% of the company’s stock.
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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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