Sapiens International Co. (SPNS) To Go Ex-Dividend on April 7th

Sapiens International Co. (NASDAQ:SPNS) declared a dividend on Tuesday, March 25th, NASDAQ Dividends reports. Investors of record on Monday, April 7th will be given a dividend of 0.66 per share by the technology company on Wednesday, April 16th. The ex-dividend date of this dividend is Monday, April 7th. This is a 200.0% increase from Sapiens International’s previous dividend of $0.22.

Sapiens International has increased its dividend by an average of 15.5% per year over the last three years. Sapiens International has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sapiens International to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 36.5%.

Sapiens International Stock Up 1.1 %

Shares of NASDAQ SPNS traded up $0.31 during mid-day trading on Thursday, hitting $27.68. The company had a trading volume of 136,802 shares, compared to its average volume of 149,867. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.18. The company has a market capitalization of $1.55 billion, a PE ratio of 21.46 and a beta of 1.16. The business’s 50-day simple moving average is $27.14 and its 200 day simple moving average is $30.17. Sapiens International has a 1-year low of $25.01 and a 1-year high of $41.22.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SPNS shares. Needham & Company LLC restated a “buy” rating and issued a $35.00 price target on shares of Sapiens International in a research report on Wednesday, February 19th. Jefferies Financial Group lowered shares of Sapiens International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $36.00 to $28.00 in a research report on Monday, February 3rd. Barclays cut their price objective on shares of Sapiens International from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Finally, William Blair reissued a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. One investment 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.50.

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.