Sapiens International (NASDAQ:SPNS) Shares Gap Down – Time to Sell?

Sapiens International Co. (NASDAQ:SPNS)’s share price gapped down before the market opened on Monday . The stock had previously closed at $27.36, but opened at $25.47. Sapiens International shares last traded at $26.09, with a volume of 71,257 shares traded.

Analyst Ratings Changes

SPNS has been the topic of a number of analyst reports. Jefferies Financial Group lowered shares of Sapiens International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $36.00 to $28.00 in a report on Monday. Barclays dropped their price target 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, November 12th. Needham & Company LLC dropped 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 report on Tuesday, November 12th. William Blair reissued a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. Finally, StockNews.com lowered Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $34.00.

Sapiens International Price Performance

The company has a 50-day moving average of $27.00 and a 200-day moving average of $32.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.18. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 20.63 and a beta of 1.16.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $137.00 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. As a group, equities research analysts predict that Sapiens International Co. will post 1.42 earnings per share for the current year.

Institutional Trading of Sapiens International

A number of institutional investors have recently added to or reduced their stakes in SPNS. Principal Financial Group Inc. grew its stake in Sapiens International by 6.5% in the 4th quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company’s stock valued at $279,000 after acquiring an additional 633 shares during the last quarter. Blue Trust Inc. grew its holdings in Sapiens International by 171.2% during the 4th quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock valued at $36,000 after buying an additional 856 shares during the last quarter. Y.D. More Investments Ltd increased its position in Sapiens International by 13.9% during the 4th quarter. Y.D. More Investments Ltd now owns 234,297 shares of the technology company’s stock worth $6,338,000 after purchasing an additional 28,512 shares in the last quarter. Annex Advisory Services LLC lifted its stake in shares of Sapiens International by 47.2% during the fourth quarter. Annex Advisory Services LLC now owns 72,491 shares of the technology company’s stock valued at $1,948,000 after buying an additional 23,249 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Sapiens International by 22.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 177,878 shares of the technology company’s stock worth $6,630,000 after buying an additional 32,780 shares during the last quarter. Hedge funds and other 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.