MQS Management LLC Buys Shares of 6,174 Sapiens International Co. (NASDAQ:SPNS)

MQS Management LLC bought a new stake in Sapiens International Co. (NASDAQ:SPNS) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 6,174 shares of the technology company’s stock, valued at approximately $230,000.

Other large investors have also recently bought and sold shares of the company. Summit Securities Group LLC bought a new position in Sapiens International in the second quarter valued at about $34,000. Financial Management Professionals Inc. raised its position in shares of Sapiens International by 57.9% during the third quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock worth $72,000 after acquiring an additional 713 shares during the last quarter. Morgan Dempsey Capital Management LLC raised its position in shares of Sapiens International by 9.5% during the second quarter. Morgan Dempsey Capital Management LLC now owns 4,206 shares of the technology company’s stock worth $143,000 after acquiring an additional 365 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Sapiens International during the first quarter worth about $192,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Sapiens International during the second quarter worth about $232,000. 30.73% of the stock is currently owned by institutional investors.

Sapiens International Stock Down 2.0 %

SPNS stock opened at $28.00 on Friday. Sapiens International Co. has a twelve month low of $25.00 and a twelve month high of $41.22. The company has a quick ratio of 2.16, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average is $35.79 and its 200-day moving average is $35.31. The firm has a market capitalization of $1.56 billion, a PE ratio of 22.05 and a beta of 1.25.

Sapiens International (NASDAQ:SPNS) last posted its earnings results on Monday, November 11th. The technology company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. The company had revenue of $137.00 million during the quarter, compared to the consensus estimate of $140.10 million. During the same quarter in the prior year, the business earned $0.32 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Sell-side analysts expect that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SPNS. Barclays lowered their price objective on Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a research report on Tuesday. StockNews.com raised Sapiens International from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group raised their target price on Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC decreased their target price on Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday.

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.