Zacks Investment Research Upgrades Sapiens International Corporation N.V. (SPNS) to “Hold”

Sapiens International Corporation N.V. (NASDAQ:SPNS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “SAPIENS INTL NV is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Serving as consultants and advisors, Sapiens works with companies to analyze their current systems and develop a blueprint for aligning technology with business goals. The company focuses on delivering innovative solutions that allow companies to build on existing IT assets. “

Several other brokerages also recently weighed in on SPNS. Cowen and Company assumed coverage on shares of Sapiens International Corporation N.V. in a research report on Wednesday, September 6th. They set an “outperform” rating and a $14.00 price target for the company. TheStreet downgraded shares of Sapiens International Corporation N.V. from a “b-” rating to a “c+” rating in a research report on Friday, June 16th. Finally, ValuEngine raised shares of Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Sapiens International Corporation N.V. has an average rating of “Buy” and an average price target of $15.00.

Shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) traded down 0.912% during trading on Wednesday, hitting $13.575. The stock had a trading volume of 5,108 shares. The firm has a market cap of $665.66 million, a PE ratio of 33.938 and a beta of 1.23. The stock has a 50 day moving average of $12.37 and a 200 day moving average of $12.18. Sapiens International Corporation N.V. has a 52-week low of $10.57 and a 52-week high of $15.98.

Sapiens International Corporation N.V. (NASDAQ:SPNS) last announced its earnings results on Monday, August 7th. The technology company reported $0.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.03. Sapiens International Corporation N.V. had a net margin of 1.39% and a return on equity of 6.77%. The business had revenue of $69.20 million during the quarter, compared to the consensus estimate of $66.93 million. During the same quarter last year, the firm earned $0.13 earnings per share. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. On average, equities analysts anticipate that Sapiens International Corporation N.V. will post $0.36 EPS for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its position in shares of Sapiens International Corporation N.V. by 17.7% during the first quarter. Renaissance Technologies LLC now owns 665,300 shares of the technology company’s stock valued at $8,569,000 after acquiring an additional 100,100 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Sapiens International Corporation N.V. during the first quarter valued at approximately $2,136,000. Congress Asset Management Co. MA increased its position in shares of Sapiens International Corporation N.V. by 11.3% during the second quarter. Congress Asset Management Co. MA now owns 60,285 shares of the technology company’s stock valued at $675,000 after acquiring an additional 6,129 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Sapiens International Corporation N.V. during the second quarter valued at approximately $12,985,000. Finally, Bank of New York Mellon Corp increased its position in shares of Sapiens International Corporation N.V. by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 60,016 shares of the technology company’s stock valued at $773,000 after acquiring an additional 402 shares in the last quarter. 11.74% of the stock is owned by 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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