Seizert Capital Partners LLC Sells 1,220 Shares of Sapiens International Co. (NASDAQ:SPNS)

Seizert Capital Partners LLC lowered its holdings in Sapiens International Co. (NASDAQ:SPNS) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 128,165 shares of the technology company’s stock after selling 1,220 shares during the quarter. Seizert Capital Partners LLC owned approximately 0.23% of Sapiens International worth $4,777,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sei Investments Co. raised its stake in Sapiens International by 8.5% in the first quarter. Sei Investments Co. now owns 134,486 shares of the technology company’s stock worth $4,325,000 after buying an additional 10,523 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Sapiens International by 1.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 74,258 shares of the technology company’s stock worth $2,388,000 after purchasing an additional 1,361 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Sapiens International by 9.1% during the 1st quarter. Acadian Asset Management LLC now owns 954,791 shares of the technology company’s stock worth $30,687,000 after purchasing an additional 79,302 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Sapiens International during the first quarter valued at about $192,000. Finally, Janus Henderson Group PLC grew its stake in Sapiens International by 155.4% in the first quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company’s stock valued at $19,276,000 after purchasing an additional 364,695 shares during the last quarter. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Sapiens International Stock Down 2.0 %

SPNS stock opened at $28.00 on Friday. The firm has a 50 day moving average of $35.79 and a 200 day moving average of $35.34. The stock has a market capitalization of $1.56 billion, a PE ratio of 22.05 and a beta of 1.25. The company has a quick ratio of 2.16, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. Sapiens International Co. has a 52 week low of $25.00 and a 52 week high of $41.22.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The company had revenue of $137.00 million for the quarter, compared to analyst estimates of $140.10 million. During the same quarter in the previous year, the company posted $0.32 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Sell-side analysts forecast that Sapiens International Co. will post 1.42 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on SPNS. Needham & Company LLC decreased their price target on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. The Goldman Sachs Group increased their target price on shares of Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. StockNews.com raised Sapiens International from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Barclays decreased their price objective on Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th.

Sapiens International 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.