Sapiens International (NASDAQ:SPNS) Announces Earnings Results

Sapiens International (NASDAQ:SPNS) released its earnings results on Monday. The technology company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01), Briefing.com reports. Sapiens International had a return on equity of 17.81% and a net margin of 13.23%. The business had revenue of $137.00 million during the quarter, compared to analysts’ expectations of $140.10 million. During the same period last year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Sapiens International updated its FY 2024 guidance to EPS.

Sapiens International Stock Down 3.4 %

SPNS stock opened at $28.11 on Wednesday. Sapiens International has a one year low of $24.91 and a one year high of $41.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.16 and a current ratio of 2.16. The firm’s 50 day moving average price is $36.20 and its 200-day moving average price is $35.43. The firm has a market cap of $1.57 billion, a PE ratio of 22.13 and a beta of 1.25.

Sapiens International Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, August 28th were given a dividend of $0.29 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, August 28th. This is a positive change from Sapiens International’s previous Semi-Annual dividend of $0.28. Sapiens International’s payout ratio is presently 45.67%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Barclays decreased their target price on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research note on Tuesday. Needham & Company LLC decreased their target price on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, StockNews.com raised shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a research report on Monday.

About Sapiens International

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.