Sapiens International Corporation N.V. (SPNS) Announces Earnings Results

Sapiens International Corporation N.V. (NASDAQ:SPNS) issued its quarterly earnings data on Monday, August 7th. The technology company reported $0.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.03, Morningstar.com reports. Sapiens International Corporation N.V. had a return on equity of 6.77% and a net margin of 1.39%. The business had revenue of $69.20 million during the quarter, compared to analysts’ expectations of $66.93 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The company’s revenue was up 30.6% on a year-over-year basis.

Sapiens International Corporation N.V. (NASDAQ:SPNS) remained flat at $10.90 during mid-day trading on Friday. 71,592 shares of the stock traded hands. Sapiens International Corporation N.V. has a 52-week low of $10.82 and a 52-week high of $15.98. The stock has a market capitalization of $535.45 million, a price-to-earnings ratio of 178.69 and a beta of 1.16. The company’s 50-day moving average price is $11.37 and its 200-day moving average price is $12.61.

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A number of institutional investors have recently bought and sold shares of SPNS. Bank of New York Mellon Corp increased its position in Sapiens International Corporation N.V. by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 60,016 shares of the technology company’s stock worth $773,000 after buying an additional 402 shares during the period. American International Group Inc. increased its position in 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 period. Cadence Capital Management LLC increased its position in Sapiens International Corporation N.V. by 4.4% in the first quarter. Cadence Capital Management LLC now owns 76,453 shares of the technology company’s stock worth $985,000 after buying an additional 3,194 shares during the period. Congress Asset Management Co. MA increased its position in Sapiens International Corporation N.V. by 11.3% in the second quarter. Congress Asset Management Co. MA now owns 60,285 shares of the technology company’s stock worth $675,000 after buying an additional 6,129 shares during the period. Finally, Martingale Asset Management L P increased its position in Sapiens International Corporation N.V. by 10.0% in the first quarter. Martingale Asset Management L P now owns 70,535 shares of the technology company’s stock worth $909,000 after buying an additional 6,395 shares during the period. Institutional investors and hedge funds own 12.21% of the company’s stock.

Several research firms recently commented on SPNS. William Blair reissued an “outperform” rating on shares of Sapiens International Corporation N.V. in a research note on Monday, May 15th. ValuEngine raised Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Needham & Company LLC lowered their target price on Sapiens International Corporation N.V. from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, April 28th. TheStreet cut Sapiens International Corporation N.V. from a “b-” rating to a “c+” rating in a research note on Friday, June 16th. Finally, Zacks Investment Research raised Sapiens International Corporation N.V. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $16.00.

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.

Earnings History for Sapiens International Corporation N.V. (NASDAQ:SPNS)

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