Bank of New York Mellon Corp Raises Holdings in Sapiens International Co. (NASDAQ:SPNS)

Bank of New York Mellon Corp raised its position in shares of Sapiens International Co. (NASDAQ:SPNS) by 100.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 153,852 shares of the technology company’s stock after buying an additional 77,219 shares during the quarter. Bank of New York Mellon Corp’s holdings in Sapiens International were worth $4,134,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPNS. Principal Financial Group Inc. lifted its position in Sapiens International by 6.5% during the 4th quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company’s stock worth $279,000 after acquiring an additional 633 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Sapiens International during the third quarter valued at approximately $26,000. Blue Trust Inc. raised 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. Franklin Resources Inc. boosted its stake in shares of Sapiens International by 7.7% in the third quarter. Franklin Resources Inc. now owns 19,540 shares of the technology company’s stock valued at $700,000 after purchasing an additional 1,391 shares during the period. Finally, Tidal Investments LLC boosted its stake in shares of Sapiens International by 5.1% in the third quarter. Tidal Investments LLC now owns 32,472 shares of the technology company’s stock valued at $1,210,000 after purchasing an additional 1,585 shares during the period. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Analysts Set New Price Targets

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

Sapiens International Price Performance

Shares of SPNS opened at $27.75 on Wednesday. Sapiens International Co. has a 12 month low of $25.01 and a 12 month high of $41.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.18. The stock has a fifty day moving average price of $26.90 and a 200 day moving average price of $30.49. The company has a market cap of $1.55 billion, a P/E ratio of 21.51 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 EPS 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 the consensus estimate of $135.89 million. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. On average, research analysts forecast that Sapiens International Co. will post 1.42 earnings per share for the current year.

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.