Sapiens International Corporation N.V. (NASDAQ:SPNS) released its quarterly earnings data on Monday, August 7th. The technology company reported $0.03 EPS for the quarter, meeting the 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 company had revenue of $69.20 million for the quarter, compared to analyst estimates of $66.93 million. During the same period last year, the company posted $0.13 earnings per share. The firm’s revenue was up 30.6% compared to the same quarter last year.
Sapiens International Corporation N.V. (NASDAQ:SPNS) remained flat at $10.90 during trading on Friday. The stock had a trading volume of 71,592 shares. The firm has a market capitalization of $535.45 million, a PE ratio of 178.69 and a beta of 1.16. The company has a 50-day moving average price of $11.37 and a 200-day moving average price of $12.61. Sapiens International Corporation N.V. has a 52-week low of $10.82 and a 52-week high of $15.98.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Airain ltd purchased a new position in Sapiens International Corporation N.V. during the second quarter worth $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. BlueCrest Capital Management Ltd bought a new position in shares of Sapiens International Corporation N.V. during the second quarter worth approximately $178,000. American International Group Inc. raised 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 in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Sapiens International Corporation N.V. during the first quarter worth approximately $281,000. 12.21% of the stock is owned by hedge funds and other institutional investors.
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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