Sapiens International Co. (NASDAQ:SPNS) Short Interest Update

Sapiens International Co. (NASDAQ:SPNS) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 317,500 shares, a decline of 17.7% from the August 15th total of 385,600 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 144,500 shares, the days-to-cover ratio is presently 2.2 days.

Sapiens International Stock Up 1.4 %

Shares of NASDAQ SPNS opened at $35.96 on Friday. Sapiens International has a 52-week low of $24.39 and a 52-week high of $41.22. The stock has a market cap of $1.98 billion, a PE ratio of 30.74 and a beta of 1.25. The business has a fifty day moving average of $36.62 and a two-hundred day moving average of $33.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.16 and a current ratio of 2.16.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $136.80 million for the quarter, compared to analyst estimates of $137.78 million. Sapiens International had a return on equity of 17.60% and a net margin of 12.92%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, equities research analysts expect that Sapiens International will post 1.42 earnings per share for the current fiscal year.

Sapiens International Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, August 28th were given a $0.29 dividend. This is a positive change from Sapiens International’s previous Semi-Annual dividend of $0.28. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, August 28th. Sapiens International’s dividend payout ratio (DPR) is currently 49.57%.

Analyst Ratings Changes

Several brokerages recently commented on SPNS. StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. Barclays boosted their price objective on Sapiens International from $30.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. The Goldman Sachs Group raised their price target on shares of Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC boosted their price objective on Sapiens International from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 2nd.

Hedge Funds Weigh In On Sapiens International

Several institutional investors have recently modified their holdings of SPNS. Mackenzie Financial Corp acquired a new stake in Sapiens International during the 2nd quarter worth $607,000. The Manufacturers Life Insurance Company increased its position in shares of Sapiens International by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 11,328 shares of the technology company’s stock valued at $384,000 after acquiring an additional 569 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Sapiens International during the 2nd quarter worth approximately $258,000. Magnetar Financial LLC acquired a new stake in Sapiens International in the second quarter valued at $236,000. Finally, Sei Investments Co. lifted its stake in Sapiens International by 1.2% in the 2nd quarter. Sei Investments Co. now owns 136,041 shares of the technology company’s stock valued at $4,616,000 after purchasing an additional 1,555 shares during the last quarter. 30.73% of the stock is currently owned by institutional investors and hedge funds.

Sapiens International Company 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.