Y.D. More Investments Ltd Purchases 28,512 Shares of Sapiens International Co. (NASDAQ:SPNS)

Y.D. More Investments Ltd raised its holdings in shares of Sapiens International Co. (NASDAQ:SPNS) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 234,297 shares of the technology company’s stock after buying an additional 28,512 shares during the quarter. Y.D. More Investments Ltd’s holdings in Sapiens International were worth $6,338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. National Bank of Canada FI bought a new stake in Sapiens International during the third quarter valued at approximately $26,000. Blue Trust Inc. boosted its stake in shares of Sapiens International by 171.2% during the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock valued at $36,000 after purchasing an additional 856 shares during the period. Financial Management Professionals Inc. boosted its stake in shares of Sapiens International by 57.9% during the third quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock valued at $72,000 after purchasing an additional 713 shares during the period. MQS Management LLC bought a new position in shares of Sapiens International in the third quarter worth approximately $230,000. Finally, HighTower Advisors LLC purchased a new position in shares of Sapiens International in the third quarter worth $231,000. Institutional investors own 30.73% of the company’s stock.

Sapiens International Stock Performance

SPNS opened at $26.69 on Wednesday. The company has a 50 day simple moving average of $26.97 and a two-hundred day simple moving average of $32.45. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18. The firm has a market cap of $1.49 billion, a P/E ratio of 21.02 and a beta of 1.16. Sapiens International Co. has a 1-year low of $25.01 and a 1-year high of $41.22.

Sapiens International (NASDAQ:SPNS) last posted its quarterly 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). The business had revenue of $137.00 million during 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%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. Equities analysts forecast that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. William Blair reiterated a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. Needham & Company LLC reduced 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 report on Tuesday, November 12th. Barclays dropped 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, November 12th. Finally, Jefferies Financial Group downgraded shares of Sapiens International from a “buy” rating to a “hold” rating and decreased their target price for the company from $36.00 to $28.00 in a research note on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Sapiens International currently has a consensus rating of “Hold” and a consensus price target of $34.00.

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.