Foyston Gordon & Payne Inc Takes Position in Sapiens International Co. (NASDAQ:SPNS)

Foyston Gordon & Payne Inc bought a new stake in Sapiens International Co. (NASDAQ:SPNS) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,761 shares of the technology company’s stock, valued at approximately $217,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in shares of Sapiens International in the fourth quarter valued at about $25,000. Financial Management Professionals Inc. purchased a new stake in shares of Sapiens International in the first quarter valued at about $40,000. Psagot Value Holdings Ltd. Israel purchased a new stake in shares of Sapiens International in the fourth quarter valued at about $41,000. SG Americas Securities LLC raised its holdings in shares of Sapiens International by 66.4% in the fourth quarter. SG Americas Securities LLC now owns 7,763 shares of the technology company’s stock valued at $225,000 after purchasing an additional 3,098 shares during the last quarter. Finally, Semanteon Capital Management LP purchased a new stake in Sapiens International during the fourth quarter worth about $281,000. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “buy” rating and issued a $38.00 price objective on shares of Sapiens International in a research report on Wednesday, May 8th.

Sapiens International Price Performance

Sapiens International stock traded up $0.94 during mid-day trading on Friday, hitting $37.42. 248,348 shares of the company traded hands, compared to its average volume of 112,011. Sapiens International Co. has a one year low of $24.39 and a one year high of $37.89. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 31.98 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a fifty day moving average price of $33.96 and a 200-day moving average price of $31.14.

Sapiens International (NASDAQ:SPNS) last announced its earnings results on Wednesday, May 8th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $134.25 million during the quarter, compared to analyst estimates of $133.63 million. Sapiens International had a net margin of 12.52% and a return on equity of 17.41%. On average, equities analysts predict that Sapiens International Co. will post 1.43 earnings per share for the current fiscal year.

Sapiens International Company Profile

Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.