Barclays Lowers Sapiens International (NASDAQ:SPNS) Price Target to $28.00

Sapiens International (NASDAQ:SPNS) had its price target dropped by equities research analysts at Barclays from $30.00 to $28.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the technology company’s stock. Barclays‘s price objective indicates a potential downside of 2.64% from the company’s current price.

Several other research analysts have also recently weighed in on SPNS. StockNews.com cut shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. Jefferies Financial Group cut 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 report on Monday, February 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $35.00 target price on shares of Sapiens International in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.50.

Sapiens International Trading Up 1.5 %

Shares of SPNS stock opened at $28.76 on Wednesday. The company’s 50-day moving average price is $26.78 and its 200-day moving average price is $31.55. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 22.29 and a beta of 1.16. Sapiens International has a twelve month low of $25.01 and a twelve month high of $41.22.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $134.31 million for the quarter, compared to analyst estimates of $135.89 million. Sapiens International had a net margin of 13.31% and a return on equity of 17.62%. As a group, equities analysts predict that Sapiens International will post 1.45 earnings per share for the current year.

Institutional Trading of Sapiens International

Several hedge funds have recently made changes to their positions in SPNS. Lord Abbett & CO. LLC lifted its position in shares of Sapiens International by 451.9% during the third quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company’s stock worth $42,168,000 after purchasing an additional 926,405 shares in the last quarter. Topline Capital Management LLC acquired a new stake in shares of Sapiens International during the fourth quarter worth about $24,147,000. Royce & Associates LP lifted its position in shares of Sapiens International by 65.7% during the fourth quarter. Royce & Associates LP now owns 932,703 shares of the technology company’s stock worth $25,062,000 after purchasing an additional 369,947 shares in the last quarter. Nine Ten Capital Management LLC lifted its position in shares of Sapiens International by 17.0% during the fourth quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company’s stock worth $28,866,000 after purchasing an additional 155,880 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Sapiens International by 100.8% during the fourth quarter. Bank of New York Mellon Corp now owns 153,852 shares of the technology company’s stock worth $4,134,000 after purchasing an additional 77,219 shares in the last quarter. Institutional investors and hedge funds own 30.73% of the company’s stock.

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.