Barclays Lowers Sapiens International (NASDAQ:SPNS) Price Target to $30.00

Sapiens International (NASDAQ:SPNS) had its price objective decreased by Barclays from $38.00 to $30.00 in a research note released on Tuesday morning,Benzinga reports. Barclays currently has an underweight rating on the technology company’s stock.

Other analysts also recently issued research reports about the company. Needham & Company LLC cut their target price on Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday. StockNews.com raised Sapiens International from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group lifted their target price on Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, August 2nd.

Sapiens International Trading Down 2.0 %

Shares of NASDAQ SPNS opened at $28.00 on Tuesday. The stock’s 50 day simple moving average is $35.79 and its 200 day simple moving average is $35.31. The company has a current ratio of 2.18, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 22.05 and a beta of 1.25. Sapiens International has a 12-month low of $25.00 and a 12-month high of $41.22.

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

Hedge Funds Weigh In On Sapiens International

Several hedge funds have recently modified their holdings of SPNS. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Sapiens International during the 2nd quarter valued at $16,616,000. Janus Henderson Group PLC increased its position in shares of Sapiens International by 155.4% during the 1st quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company’s stock valued at $19,276,000 after purchasing an additional 364,695 shares during the period. Y.D. More Investments Ltd acquired a new position in shares of Sapiens International during the 2nd quarter valued at $6,915,000. Assenagon Asset Management S.A. acquired a new position in shares of Sapiens International during the 2nd quarter valued at $3,339,000. Finally, Renaissance Technologies LLC increased its position in shares of Sapiens International by 14.6% during the 2nd quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company’s stock valued at $23,106,000 after purchasing an additional 87,001 shares during the period. 30.73% of the stock is currently owned by institutional investors and hedge funds.

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.