Schonfeld Strategic Advisors LLC Trims Stock Position in Sapiens International Co. (NASDAQ:SPNS)

Schonfeld Strategic Advisors LLC cut its stake in shares of Sapiens International Co. (NASDAQ:SPNS) by 19.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,300 shares of the technology company’s stock after selling 3,863 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Sapiens International were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Topline Capital Management LLC bought a new stake in shares of Sapiens International in the 4th quarter worth approximately $24,147,000. Royce & Associates LP lifted its holdings in shares of Sapiens International by 65.7% in the 4th quarter. Royce & Associates LP now owns 932,703 shares of the technology company’s stock worth $25,062,000 after acquiring an additional 369,947 shares during the last quarter. Nine Ten Capital Management LLC lifted its holdings in shares of Sapiens International by 17.0% in the 4th quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company’s stock worth $28,866,000 after acquiring an additional 155,880 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Sapiens International by 100.8% in the 4th quarter. Bank of New York Mellon Corp now owns 153,852 shares of the technology company’s stock worth $4,134,000 after acquiring an additional 77,219 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Sapiens International by 10.9% in the 4th quarter. Wellington Management Group LLP now owns 659,524 shares of the technology company’s stock worth $17,721,000 after acquiring an additional 64,972 shares during the last quarter. 30.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $35.00 price objective on shares of Sapiens International in a report on Wednesday, February 19th. Jefferies Financial Group lowered shares of 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 report on Monday, February 3rd. Finally, Barclays upped their price target on shares of Sapiens International from $28.00 to $31.00 and gave the company an “underweight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.25.

Sapiens International Trading Up 0.1%

NASDAQ:SPNS opened at $28.36 on Monday. The company has a quick ratio of 2.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.04. Sapiens International Co. has a 52 week low of $23.69 and a 52 week high of $41.22. The firm has a market capitalization of $1.58 billion, a P/E ratio of 21.98 and a beta of 0.95. The company has a fifty day moving average of $27.03 and a 200 day moving average of $27.94.

Sapiens International (NASDAQ:SPNS) last released its quarterly 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 net margin of 13.31% and a return on equity of 17.42%. The company had revenue of $136.11 million during the quarter, compared to the consensus estimate of $136.25 million. During the same period in the prior year, the firm earned $0.36 earnings per share. Sapiens International’s revenue was up 1.4% on a year-over-year basis. On average, research analysts predict that Sapiens International Co. will post 1.42 earnings per share for the current year.

Sapiens International Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 16th. Investors of record on Monday, April 7th were paid a $0.66 dividend. This is an increase from Sapiens International’s previous semi-annual dividend of $0.22. This represents a yield of 2.2%. The ex-dividend date was Monday, April 7th. Sapiens International’s dividend payout ratio is presently 46.15%.

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.