Y Intercept Hong Kong Ltd Invests $262,000 in Sapiens International Co. (NASDAQ:SPNS)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Sapiens International Co. (NASDAQ:SPNS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,755 shares of the technology company’s stock, valued at approximately $262,000.

A number of other institutional investors have also added to or reduced their stakes in SPNS. National Bank of Canada FI acquired a new position in Sapiens International in the 3rd quarter valued at approximately $26,000. Blue Trust Inc. increased its position 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. MQS Management LLC acquired a new position in shares of Sapiens International in the third quarter valued at $230,000. HighTower Advisors LLC bought a new position in Sapiens International in the third quarter worth $231,000. Finally, Principal Financial Group Inc. boosted its stake in Sapiens International by 6.5% during the fourth quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company’s stock worth $279,000 after buying an additional 633 shares in the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SPNS. StockNews.com downgraded shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. William Blair restated a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 price objective on shares of Sapiens International in a research note on Wednesday, February 19th. Barclays cut their target price on Sapiens International from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group cut Sapiens International from a “buy” rating to a “hold” rating and lowered their price target for the company from $36.00 to $28.00 in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Sapiens International currently has a consensus rating of “Hold” and a consensus price target of $33.50.

Sapiens International Stock Performance

NASDAQ SPNS opened at $27.29 on Wednesday. Sapiens International Co. has a 1-year low of $25.01 and a 1-year high of $41.22. The company has a 50 day moving average of $26.72 and a 200-day moving average of $31.14. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 21.16 and a beta of 1.16.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business 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 17.42%. On average, equities analysts forecast that Sapiens International Co. will post 1.42 earnings per share for the current fiscal 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.