Sapiens International Corporation N.V. (NASDAQ:SPNS) Receives $34.25 Average Price Target from Brokerages

Shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) have been assigned an average recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $34.25.

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on Sapiens International from $28.00 to $31.00 and gave the stock an “underweight” rating in a report on Friday, May 9th. Wall Street Zen cut Sapiens International from a “buy” rating to a “hold” rating in a report on Friday, July 18th.

Institutional Investors Weigh In On Sapiens International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC boosted its position in Sapiens International by 2,216.7% in the 1st quarter. Larson Financial Group LLC now owns 973 shares of the technology company’s stock valued at $26,000 after buying an additional 931 shares during the last quarter. GAMMA Investing LLC boosted its position in Sapiens International by 73.1% in the 2nd quarter. GAMMA Investing LLC now owns 919 shares of the technology company’s stock valued at $27,000 after buying an additional 388 shares during the last quarter. Quarry LP bought a new position in Sapiens International in the 4th quarter valued at $37,000. CWM LLC boosted its position in Sapiens International by 262.5% in the 2nd quarter. CWM LLC now owns 1,526 shares of the technology company’s stock valued at $45,000 after buying an additional 1,105 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Sapiens International by 2,507.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,876 shares of the technology company’s stock valued at $132,000 after buying an additional 4,689 shares during the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

Sapiens International Trading Down 2.3%

Shares of SPNS opened at $28.18 on Monday. Sapiens International has a 1 year low of $23.69 and a 1 year high of $39.99. The stock has a 50 day simple moving average of $29.13 and a 200-day simple moving average of $27.77. The stock has a market cap of $1.57 billion, a PE ratio of 21.68 and a beta of 0.95.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Thursday, May 8th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Sapiens International had a return on equity of 17.30% and a net margin of 13.37%. The business had revenue of $136.11 million during the quarter, compared to analysts’ expectations of $136.25 million. During the same period in the prior year, the firm posted $0.36 EPS. Sapiens International’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that Sapiens International will post 1.42 EPS 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.