Sapiens International (NASDAQ:SPNS) Hits New 1-Year Low – Should You Sell?

Sapiens International Co. (NASDAQ:SPNS) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $25.87 and last traded at $26.14, with a volume of 125640 shares. The stock had previously closed at $26.19.

Analyst Ratings Changes

Several brokerages recently commented on SPNS. William Blair reiterated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Needham & Company LLC decreased their target price on Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, Barclays dropped their price target on Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Sapiens International currently has an average rating of “Hold” and an average target price of $36.00.

Sapiens International Trading Down 1.5 %

The firm has a market cap of $1.44 billion, a P/E ratio of 20.28 and a beta of 1.15. The company’s 50 day moving average is $29.04 and its two-hundred day moving average is $33.76. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18.

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

Institutional Trading of Sapiens International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in shares of Sapiens International by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,328 shares of the technology company’s stock valued at $384,000 after purchasing an additional 569 shares in the last quarter. National Bank of Canada FI bought a new position in Sapiens International during the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. boosted its position in Sapiens International by 57.9% in the third quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock valued at $72,000 after buying an additional 713 shares in the last quarter. XTX Topco Ltd grew its stake in Sapiens International by 13.5% during the second quarter. XTX Topco Ltd now owns 8,881 shares of the technology company’s stock worth $301,000 after buying an additional 1,053 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Sapiens International by 7.7% during the third quarter. Franklin Resources Inc. now owns 19,540 shares of the technology company’s stock worth $700,000 after buying an additional 1,391 shares in the last quarter. Institutional investors own 30.73% of the company’s stock.

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.