Sapiens International (SPNS) Sets New 52-Week High at $14.50

Sapiens International Co. (NASDAQ:SPNS) shares hit a new 52-week high on Thursday . The company traded as high as $14.50 and last traded at $14.42, with a volume of 3541 shares traded. The stock had previously closed at $13.94.

SPNS has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Sapiens International from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Friday, November 16th. Barclays reaffirmed a “hold” rating and issued a $14.50 target price on shares of Sapiens International in a research note on Wednesday, February 27th. Finally, TheStreet raised shares of Sapiens International from a “c” rating to a “b” rating in a research note on Thursday, November 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Sapiens International has a consensus rating of “Buy” and a consensus price target of $14.50.

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The company has a market capitalization of $691.44 million and a P/E ratio of 27.08. The company has a current ratio of 1.59, a quick ratio of 1.41 and a debt-to-equity ratio of 0.34.

Sapiens International (NASDAQ:SPNS) last released its earnings results on Tuesday, February 26th. The technology company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The firm had revenue of $73.40 million during the quarter, compared to analysts’ expectations of $72.74 million. Sapiens International had a net margin of 4.76% and a return on equity of 12.99%. Sapiens International’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. As a group, analysts predict that Sapiens International Co. will post 0.6 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its holdings in shares of Sapiens International by 69.5% in the 4th quarter. American Century Companies Inc. now owns 803,212 shares of the technology company’s stock valued at $8,859,000 after purchasing an additional 329,448 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Sapiens International by 6.5% in the 3rd quarter. Renaissance Technologies LLC now owns 414,400 shares of the technology company’s stock valued at $5,474,000 after purchasing an additional 25,300 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Sapiens International by 162.9% in the 4th quarter. Jane Street Group LLC now owns 144,189 shares of the technology company’s stock valued at $1,590,000 after purchasing an additional 89,335 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Sapiens International by 78.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 124,406 shares of the technology company’s stock valued at $1,372,000 after purchasing an additional 54,875 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Sapiens International by 96.8% in the 4th quarter. Acadian Asset Management LLC now owns 39,526 shares of the technology company’s stock valued at $435,000 after purchasing an additional 19,446 shares during the last quarter. 0.03% of the stock is owned by hedge funds and other institutional investors.

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About Sapiens International (NASDAQ:SPNS)

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, Europe, the Asia Pacific, and South Africa. The company offers software platform and solutions for life, pension, and annuities, such as Sapiens ALIS, LifeSuite, Life Portraits, LifeApply, Sapiens INSIGHT, and Sapiens Closed Books; and personal, commercial and specialty lines, and workers' compensation comprising Sapiens IDIT, Adaptik Policy, Adaptik Billing, Stream Claim, Sapiens Stingray, PowerSuite, and CompSuite.

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