Sapiens International Co. (NASDAQ:SPNS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Sapiens International Co. (NASDAQ:SPNS) have been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $34.00.

A number of analysts have commented on SPNS shares. Jefferies Financial Group lowered Sapiens International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $36.00 to $28.00 in a report on Monday, February 3rd. StockNews.com downgraded shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. William Blair restated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. Needham & Company LLC decreased their target price on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, Barclays dropped their price target on Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 12th.

Sapiens International Price Performance

SPNS stock opened at $26.95 on Monday. The firm has a 50 day moving average price of $26.96 and a 200-day moving average price of $32.17. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 21.22 and a beta of 1.16. Sapiens International has a 52-week low of $25.01 and a 52-week high of $41.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.18.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.32 earnings per share. Equities research analysts forecast that Sapiens International will post 1.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SPNS. Envestnet Asset Management Inc. increased its stake in shares of Sapiens International by 3.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 57,757 shares of the technology company’s stock worth $1,960,000 after purchasing an additional 1,789 shares in the last quarter. AQR Capital Management LLC bought a new stake in Sapiens International during the second quarter valued at about $258,000. The Manufacturers Life Insurance Company increased its position in 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 worth $384,000 after buying an additional 569 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of Sapiens International in the second quarter worth about $607,000. Finally, SG Americas Securities LLC bought a new position in shares of Sapiens International during the 3rd quarter valued at approximately $584,000. 30.73% of the stock is currently owned by institutional investors.

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.