Sapiens International (SPNS) Raised to “Sell” at BidaskClub

Sapiens International (NASDAQ:SPNS) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

A number of other equities analysts also recently issued reports on the company. Cowen initiated coverage on Sapiens International in a research report on Wednesday, September 6th. They set an “outperform” rating and a $14.00 price target on the stock. Zacks Investment Research upgraded Sapiens International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, ValuEngine upgraded Sapiens International from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.00.

Shares of Sapiens International (NASDAQ SPNS) opened at $11.71 on Wednesday. The company has a market capitalization of $573.36, a PE ratio of 585.79, a P/E/G ratio of 8.03 and a beta of 1.13. Sapiens International has a 1-year low of $10.57 and a 1-year high of $15.46. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.39.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Airain ltd purchased a new position in shares of Sapiens International in the second quarter valued at approximately $123,000. BlueCrest Capital Management Ltd purchased a new position in shares of Sapiens International in the second quarter valued at approximately $178,000. Jane Street Group LLC lifted its position in shares of Sapiens International by 58.5% in the third quarter. Jane Street Group LLC now owns 25,690 shares of the technology company’s stock valued at $339,000 after acquiring an additional 9,485 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Sapiens International in the second quarter valued at approximately $358,000. Finally, Menora Mivtachim Holdings LTD. purchased a new position in shares of Sapiens International in the third quarter valued at approximately $402,000. Institutional investors and hedge funds own 9.17% of the company’s stock.

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Sapiens International 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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