Cubist Systematic Strategies LLC Acquires Shares of 14,152 Sapiens International Co. (NASDAQ:SPNS)

Cubist Systematic Strategies LLC acquired a new stake in shares of Sapiens International Co. (NASDAQ:SPNS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,152 shares of the technology company’s stock, valued at approximately $372,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPNS. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Sapiens International by 193.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,336 shares of the technology company’s stock valued at $193,000 after purchasing an additional 4,837 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Sapiens International by 9.4% during the second quarter. ProShare Advisors LLC now owns 8,025 shares of the technology company’s stock valued at $211,000 after purchasing an additional 689 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in Sapiens International during the second quarter valued at about $212,000. Mercer Global Advisors Inc. ADV purchased a new stake in Sapiens International during the second quarter valued at about $233,000. Finally, Trexquant Investment LP purchased a new stake in Sapiens International during the second quarter valued at about $283,000. 25.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sapiens International stock opened at $36.69 on Thursday. Sapiens International Co. has a 12-month low of $24.30 and a 12-month high of $38.32. The stock has a market capitalization of $2.01 billion, a P/E ratio of 48.28 and a beta of 1.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a 50-day moving average price of $32.10.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings results on Wednesday, November 3rd. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $117.80 million for the quarter, compared to the consensus estimate of $117.83 million. Sapiens International had a net margin of 9.43% and a return on equity of 15.19%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 earnings per share. As a group, equities research analysts expect that Sapiens International Co. will post 1.09 EPS for the current year.

Separately, Citigroup upped their price objective on shares of Sapiens International from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, November 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sapiens International presently has a consensus rating of “Hold” and a consensus target price of $34.43.

Sapiens International Profile

Sapiens International Corp. NV provides software solutions for the insurance industry. It offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company was founded by Joseph Bolless and Ron Zuckerman in 1982 and is headquartered in Holon, Israel.

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Institutional Ownership by Quarter for Sapiens International (NASDAQ:SPNS)

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