American International Group Inc. Raises Stake in Sapiens International Corporation N.V. (NASDAQ:SPNS)

American International Group Inc. boosted its position in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,962 shares of the technology company’s stock after buying an additional 997 shares during the period. American International Group Inc.’s holdings in Sapiens International Corporation N.V. were worth $193,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SPNS. Westwood Management Corp IL purchased a new stake in Sapiens International Corporation N.V. during the first quarter worth about $129,000. Eagle Global Advisors LLC boosted its position in Sapiens International Corporation N.V. by 155.3% in the first quarter. Eagle Global Advisors LLC now owns 40,600 shares of the technology company’s stock worth $523,000 after buying an additional 24,700 shares in the last quarter. Congress Asset Management Co. MA boosted its position in Sapiens International Corporation N.V. by 55.9% in the first quarter. Congress Asset Management Co. MA now owns 54,156 shares of the technology company’s stock worth $698,000 after buying an additional 19,426 shares in the last quarter. Bank of New York Mellon Corp boosted 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 in the last quarter. Finally, Martingale Asset Management L P boosted 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 in the last quarter. Institutional investors and hedge funds own 12.21% of the company’s stock.

Sapiens International Corporation N.V. (NASDAQ:SPNS) opened at 10.90 on Friday. Sapiens International Corporation N.V. has a one year low of $10.82 and a one year high of $15.98. The stock has a 50 day moving average price of $11.37 and a 200-day moving average price of $12.61. The firm has a market capitalization of $535.45 million, a price-to-earnings ratio of 178.69 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, meeting the Thomson Reuters’ consensus estimate of $0.03. The firm had revenue of $69.20 million for the quarter, compared to analysts’ expectations of $66.93 million. Sapiens International Corporation N.V. had a return on equity of 6.77% and a net margin of 1.39%. The firm’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, analysts predict that Sapiens International Corporation N.V. will post $0.36 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “American International Group Inc. Raises Stake in Sapiens International Corporation N.V. (NASDAQ:SPNS)” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.com-unik.info/2017/08/19/american-international-group-inc-has-193000-stake-in-sapiens-international-corporation-n-v-nasdaqspns-updated-updated.html.

A number of research firms have issued reports on SPNS. Zacks Investment Research downgraded Sapiens International Corporation N.V. from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. TheStreet downgraded Sapiens International Corporation N.V. from a “b-” rating to a “c+” rating in a research report on Friday, June 16th. ValuEngine raised Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. William Blair reaffirmed an “outperform” rating on shares of Sapiens International Corporation N.V. in a research report on Monday, May 15th. Finally, Needham & Company LLC cut their price objective 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target 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.

Institutional Ownership by Quarter for Sapiens International Corporation N.V. (NASDAQ:SPNS)

What are top analysts saying about Sapiens International Corporation N.V.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Sapiens International Corporation N.V. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit