Brokerages Set Sapiens International Corporation N.V. (NASDAQ:SPNS) Price Target at $16.00

Sapiens International Corporation N.V. (NASDAQ:SPNS) has been assigned an average rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $16.00.

SPNS has been the topic of several research reports. ValuEngine downgraded Sapiens International Corporation N.V. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. Needham & Company LLC decreased their target price on Sapiens International Corporation N.V. from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. William Blair restated an “outperform” rating on shares of Sapiens International Corporation N.V. in a research report on Monday, May 15th. Zacks Investment Research upgraded Sapiens International Corporation N.V. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, TheStreet downgraded Sapiens International Corporation N.V. from a “b-” rating to a “c+” rating in a research report on Friday, June 16th.

Sapiens International Corporation N.V. (NASDAQ SPNS) traded down 0.36% on Tuesday, hitting $11.01. The stock had a trading volume of 14,367 shares. Sapiens International Corporation N.V. has a 12 month low of $10.86 and a 12 month high of $15.98. The company’s 50 day moving average is $11.44 and its 200-day moving average is $12.70. The stock has a market cap of $540.86 million, a P/E ratio of 180.49 and a beta of 1.16.

Sapiens International Corporation N.V. (NASDAQ:SPNS) last issued its quarterly earnings results on Monday, August 7th. The technology company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $69.20 million for the quarter, compared to the consensus estimate of $66.93 million. Sapiens International Corporation N.V. had a return on equity of 6.77% and a net margin of 1.39%. Sapiens International Corporation N.V.’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 earnings per share. Analysts forecast that Sapiens International Corporation N.V. will post $0.36 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Airain ltd bought a new position in shares of Sapiens International Corporation N.V. during the second quarter worth approximately $123,000. Westwood Management Corp IL bought a new position in shares of Sapiens International Corporation N.V. during the first quarter worth approximately $129,000. American International Group Inc. increased its position in shares of Sapiens International Corporation N.V. by 7.1% in the first quarter. American International Group Inc. now owns 14,962 shares of the technology company’s stock worth $193,000 after buying an additional 997 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Sapiens International Corporation N.V. during the first quarter worth approximately $281,000. Finally, Citigroup Inc. increased its position in shares of Sapiens International Corporation N.V. by 345.1% in the second quarter. Citigroup Inc. now owns 40,037 shares of the technology company’s stock worth $448,000 after buying an additional 31,041 shares during the last quarter. Institutional investors and hedge funds own 13.20% of the company’s stock.

Sapiens International Corporation N.V. Company Profile

Sapiens International Corporation N.V. (Sapiens) is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. Its software solutions portfolio consists of Life, Pension, Annuity and Retirement Solutions, including software solutions for the management of a range of products for life, pension, annuity and retirement; Property and Casualty/General Insurance Solutions, including a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts; Sapiens DECISION, which is a business decision management solution, and Technology-Based Solutions, such as Sapiens eMerge.

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