Sapiens International (SPNS) Upgraded at TheStreet

TheStreet upgraded shares of Sapiens International (NASDAQ:SPNS) from a c rating to a b rating in a research note issued to investors on Thursday morning.

Other analysts have also issued research reports about the company. Needham & Company LLC lifted their target price on Sapiens International from $13.00 to $14.00 and gave the stock a buy rating in a report on Wednesday, August 8th. William Blair reissued a market perform rating on shares of Sapiens International in a report on Tuesday, August 7th. BidaskClub raised Sapiens International from a hold rating to a buy rating in a report on Saturday, August 25th. Zacks Investment Research raised Sapiens International from a hold rating to a buy rating and set a $12.00 target price for the company in a report on Saturday, August 11th. Finally, ValuEngine raised Sapiens International from a sell rating to a hold rating in a report on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Sapiens International has a consensus rating of Buy and a consensus target price of $13.50.

Sapiens International stock opened at $12.19 on Thursday. Sapiens International has a 12 month low of $8.01 and a 12 month high of $14.46. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.34.

Sapiens International (NASDAQ:SPNS) last posted its earnings results on Wednesday, November 7th. The technology company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. The business had revenue of $73.24 million during the quarter, compared to analyst estimates of $72.12 million. Sapiens International had a return on equity of 12.05% and a net margin of 4.59%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. Sell-side analysts predict that Sapiens International will post 0.52 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of SPNS. Northern Trust Corp grew its holdings in shares of Sapiens International by 31.9% in the second quarter. Northern Trust Corp now owns 22,472 shares of the technology company’s stock worth $220,000 after acquiring an additional 5,441 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Sapiens International in the third quarter worth $266,000. Ramsey Quantitative Systems grew its holdings in shares of Sapiens International by 398.3% in the third quarter. Ramsey Quantitative Systems now owns 20,191 shares of the technology company’s stock worth $267,000 after acquiring an additional 16,139 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of Sapiens International in the second quarter worth $299,000. Finally, ARK Investment Management LLC grew its holdings in shares of Sapiens International by 28.7% in the second quarter. ARK Investment Management LLC now owns 61,856 shares of the technology company’s stock worth $604,000 after acquiring an additional 13,788 shares during the period. 4.35% of the stock is owned by institutional investors.

Sapiens International Company Profile

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.

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