Sapiens International (NASDAQ:SPNS) Downgraded by StockNews.com to “Buy”

StockNews.com downgraded shares of Sapiens International (NASDAQ:SPNS) from a strong-buy rating to a buy rating in a report issued on Tuesday.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC dropped their price objective on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. The Goldman Sachs Group boosted their price target on Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Barclays reduced their price target on Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th.

Sapiens International Stock Performance

Shares of Sapiens International stock opened at $27.62 on Tuesday. Sapiens International has a one year low of $25.30 and a one year high of $41.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18. The stock’s 50-day moving average is $35.31 and its 200-day moving average is $35.27. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 21.75 and a beta of 1.25.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $137.00 million during the quarter, compared to analyst estimates of $140.10 million. Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. Equities analysts predict that Sapiens International will post 1.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC raised its position in Sapiens International by 415.1% during the third quarter. Barclays PLC now owns 54,640 shares of the technology company’s stock valued at $2,036,000 after purchasing an additional 44,033 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Sapiens International during the 3rd quarter valued at $2,255,000. Zacks Investment Management raised its stake in Sapiens International by 42.2% in the third quarter. Zacks Investment Management now owns 17,734 shares of the technology company’s stock worth $661,000 after buying an additional 5,259 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Sapiens International in the 3rd quarter valued at approximately $26,000. Finally, Wellington Management Group LLP lifted its position in Sapiens International by 14.6% during the 3rd quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company’s stock valued at $22,159,000 after acquiring an additional 75,866 shares during the period. 30.73% of the stock is owned by institutional investors.

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.