Sapiens International (NASDAQ:SPNS) Upgraded at StockNews.com

StockNews.com upgraded shares of Sapiens International (NASDAQ:SPNS) from a buy rating to a strong-buy rating in a research report sent to investors on Monday.

Several other equities research analysts also recently commented on the stock. Barclays upped their price target on shares of Sapiens International from $30.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. The Goldman Sachs Group increased their target price on shares of Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC increased their target price on shares of Sapiens International from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd.

Sapiens International Stock Up 0.1 %

Shares of NASDAQ:SPNS opened at $28.56 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.16 and a current ratio of 2.18. The company has a market cap of $1.59 billion, a PE ratio of 22.49 and a beta of 1.25. Sapiens International has a 52 week low of $25.00 and a 52 week high of $41.22. The firm has a 50 day simple moving average of $35.93 and a 200 day simple moving average of $35.33.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $137.00 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 EPS. As a group, research analysts expect that Sapiens International will post 1.42 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Summit Securities Group LLC acquired a new position in shares of Sapiens International during the 2nd quarter worth $34,000. Financial Management Professionals Inc. increased its stake in shares of Sapiens International by 57.9% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock worth $72,000 after purchasing an additional 713 shares during the last quarter. Morgan Dempsey Capital Management LLC increased its stake in shares of Sapiens International by 9.5% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 4,206 shares of the technology company’s stock worth $143,000 after purchasing an additional 365 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Sapiens International during the 1st quarter worth $192,000. Finally, MQS Management LLC acquired a new position in shares of Sapiens International during the 3rd quarter worth $230,000. 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.