Royce & Associates LP Has $25.06 Million Stock Holdings in Sapiens International Co. (NASDAQ:SPNS)

Royce & Associates LP grew its stake in Sapiens International Co. (NASDAQ:SPNS) by 65.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 932,703 shares of the technology company’s stock after acquiring an additional 369,947 shares during the period. Royce & Associates LP owned 1.67% of Sapiens International worth $25,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI acquired a new position in shares of Sapiens International during the 3rd quarter worth approximately $26,000. Blue Trust Inc. boosted its holdings in shares of Sapiens International by 171.2% in 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. Morgan Dempsey Capital Management LLC boosted its holdings in shares of Sapiens International by 8.8% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock valued at $178,000 after buying an additional 539 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Sapiens International by 28.6% in the 4th quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company’s stock valued at $218,000 after buying an additional 1,801 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Sapiens International in the 4th quarter valued at approximately $262,000. Institutional investors own 30.73% of the company’s stock.

Sapiens International Stock Up 1.4 %

SPNS opened at $27.66 on Monday. Sapiens International Co. has a 1-year low of $25.01 and a 1-year high of $41.22. The stock’s fifty day simple moving average is $26.83 and its 200 day simple moving average is $30.61. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.55 billion, a PE ratio of 21.44 and a beta of 1.16.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $134.31 million during the quarter, compared to the consensus estimate of $135.89 million. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. As a group, research analysts expect that Sapiens International Co. will post 1.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

SPNS has been the subject of several recent analyst reports. Jefferies Financial Group downgraded Sapiens International from a “buy” rating to a “hold” rating and cut their price objective for the company from $36.00 to $28.00 in a report on Monday, February 3rd. Barclays cut their price objective on Sapiens International from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Needham & Company LLC reissued a “buy” rating and issued a $35.00 price objective on shares of Sapiens International in a report on Wednesday, February 19th. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, William Blair restated a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Sapiens International has an average rating of “Hold” and an average target price of $33.50.

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.