Sapiens International (NASDAQ:SPNS) Hits New 52-Week Low – What’s Next?

Sapiens International Co. (NASDAQ:SPNS)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $26.32 and last traded at $26.32, with a volume of 57730 shares traded. The stock had previously closed at $26.87.

Analyst Ratings Changes

A number of research analysts have commented on SPNS shares. Barclays dropped their price objective on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 12th. William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. Needham & Company LLC lowered 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, November 12th. Finally, StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Sapiens International currently has a consensus rating of “Hold” and an average price target of $36.00.

Sapiens International Price Performance

The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $29.74 and a two-hundred day simple moving average of $33.92. The company has a market cap of $1.47 billion, a PE ratio of 20.69 and a beta of 1.15.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $140.10 million. During the same quarter last year, the business earned $0.32 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities analysts predict that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Sapiens International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPNS. National Bank of Canada FI purchased a new stake in shares of Sapiens International in the third quarter valued at $26,000. Financial Management Professionals Inc. boosted its stake in Sapiens International by 57.9% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock worth $72,000 after buying an additional 713 shares during the last quarter. Morgan Dempsey Capital Management LLC grew its holdings in Sapiens International by 9.5% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 4,206 shares of the technology company’s stock valued at $143,000 after buying an additional 365 shares during the period. MQS Management LLC purchased a new stake in Sapiens International in the third quarter valued at approximately $230,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Sapiens International during the 3rd quarter worth $231,000. Institutional investors and hedge funds own 30.73% of the company’s stock.

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.