Investment Analysts’ Recent Ratings Updates for Sapiens International (SPNS)

Several analysts have recently updated their ratings and price targets for Sapiens International (NASDAQ: SPNS):

  • 5/9/2018 – Sapiens International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. 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. “
  • 5/8/2018 – Sapiens International was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
  • 5/8/2018 – Sapiens International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 5/4/2018 – Sapiens International was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/26/2018 – Sapiens International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. 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. “
  • 4/24/2018 – Sapiens International was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 4/17/2018 – Sapiens International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “

Shares of Sapiens International stock traded down $0.01 on Monday, reaching $9.26. 400 shares of the company’s stock were exchanged, compared to its average volume of 33,523. The stock has a market capitalization of $461.45 million, a price-to-earnings ratio of 34.30, a PEG ratio of 3.99 and a beta of 1.20. Sapiens International Co. has a 52 week low of $8.01 and a 52 week high of $14.30. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 1.46.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings results on Thursday, March 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $72.40 million for the quarter, compared to analysts’ expectations of $72.09 million. Sapiens International had a return on equity of 9.22% and a net margin of 1.90%. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 EPS. equities research analysts forecast that Sapiens International Co. will post 0.47 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of SPNS. Kingfisher Capital LLC bought a new position in shares of Sapiens International in the 4th quarter worth $118,000. ARK Investment Management LLC bought a new position in shares of Sapiens International in the 4th quarter worth $213,000. Jane Street Group LLC lifted its holdings in shares of Sapiens International by 105.5% in the 1st quarter. Jane Street Group LLC now owns 31,988 shares of the technology company’s stock worth $273,000 after purchasing an additional 16,420 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Sapiens International by 23.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 39,359 shares of the technology company’s stock valued at $520,000 after acquiring an additional 7,400 shares in the last quarter. Finally, Meitav Dash Investments Ltd. bought a new position in Sapiens International during the 4th quarter valued at $554,000. Institutional investors own 9.32% of the company’s stock.

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.

Receive News & Ratings for Sapiens International Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sapiens International Co and related companies with MarketBeat.com's FREE daily email newsletter.

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