Zions Bancorporation N.A. Increases Stock Position in Sapiens International Co. (NASDAQ:SPNS)

Zions Bancorporation N.A. grew its stake in shares of Sapiens International Co. (NASDAQ:SPNS) by 16.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,002 shares of the technology company’s stock after acquiring an additional 8,404 shares during the quarter. Zions Bancorporation N.A. owned about 0.10% of Sapiens International worth $2,162,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in shares of Sapiens International during the 1st quarter valued at about $871,000. Acadian Asset Management LLC boosted its holdings in shares of Sapiens International by 9.1% during the 1st quarter. Acadian Asset Management LLC now owns 954,791 shares of the technology company’s stock valued at $30,687,000 after acquiring an additional 79,302 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Sapiens International by 155.4% during the 1st quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company’s stock valued at $19,276,000 after acquiring an additional 364,695 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of Sapiens International during the 2nd quarter valued at about $6,915,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Sapiens International by 17.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 101,356 shares of the technology company’s stock valued at $3,439,000 after acquiring an additional 15,098 shares during the last quarter. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SPNS. Needham & Company LLC lowered their price objective on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday. Barclays lowered their price objective 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. The Goldman Sachs Group increased their price objective on shares of Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, StockNews.com upgraded shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a research note on Monday.

Sapiens International Price Performance

NASDAQ SPNS opened at $28.56 on Friday. Sapiens International Co. has a 12 month low of $25.00 and a 12 month high of $41.22. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 22.49 and a beta of 1.25. The company’s 50 day moving average is $35.93 and its two-hundred day moving average is $35.33. The company has a current ratio of 2.18, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS) last released its earnings results on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The firm had revenue of $137.00 million for the quarter, compared to the consensus estimate of $140.10 million. During the same quarter in the previous year, the business posted $0.32 EPS. Sapiens International’s revenue was up 4.8% on a year-over-year basis. As a group, research analysts anticipate that Sapiens International Co. will post 1.42 earnings per share for the current year.

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.