Sapiens International Co. (NASDAQ:SPNS) Stake Raised by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in shares of Sapiens International Co. (NASDAQ:SPNS) by 14.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 594,552 shares of the technology company’s stock after buying an additional 75,866 shares during the period. Wellington Management Group LLP owned 1.07% of Sapiens International worth $22,159,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPNS. Assenagon Asset Management S.A. bought a new stake in Sapiens International during the second quarter worth approximately $3,339,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Sapiens International in the second quarter valued at $16,616,000. 1620 Investment Advisors Inc. increased its holdings in shares of Sapiens International by 16.6% in the second quarter. 1620 Investment Advisors Inc. now owns 11,551 shares of the technology company’s stock valued at $392,000 after buying an additional 1,643 shares in the last quarter. Schwartz Investment Counsel Inc. increased its holdings in shares of Sapiens International by 3.6% in the second quarter. Schwartz Investment Counsel Inc. now owns 74,052 shares of the technology company’s stock valued at $2,513,000 after buying an additional 2,600 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Sapiens International by 17.5% in the second quarter. Bank of New York Mellon Corp now owns 101,356 shares of the technology company’s stock valued at $3,439,000 after buying an additional 15,098 shares in the last quarter. Institutional investors own 30.73% of the company’s stock.

Sapiens International Trading Up 0.2 %

Sapiens International stock opened at $28.48 on Friday. The company’s fifty day simple moving average is $32.47 and its 200-day simple moving average is $34.55. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. Sapiens International Co. has a 12 month low of $26.34 and a 12 month high of $41.22. The stock has a market cap of $1.59 billion, a P/E ratio of 22.43 and a beta of 1.15.

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 the consensus estimate of $0.38 by ($0.01). Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The company had revenue of $137.00 million for the quarter, compared to analysts’ expectations of $140.10 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SPNS. William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. StockNews.com cut shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. 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 report on Tuesday, November 12th. Finally, 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 report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sapiens International currently has a consensus rating of “Hold” and an average target price of $36.00.

Sapiens International 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.