Sapiens International Co. (NASDAQ:SPNS) Short Interest Up 57.5% in July

Sapiens International Co. (NASDAQ:SPNS) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 108,800 shares, an increase of 57.5% from the June 30th total of 69,100 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 113,400 shares, the days-to-cover ratio is currently 1.0 days.

SPNS has been the topic of a number of analyst reports. Zacks Investment Research raised Sapiens International from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research note on Friday. Roth Capital raised their price objective on Sapiens International from $5.00 to $8.75 in a research note on Monday, August 5th. Barclays reaffirmed a “hold” rating on shares of Sapiens International in a research note on Wednesday, August 7th. Finally, BidaskClub downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $14.42.

Sapiens International stock traded up $0.09 during mid-day trading on Monday, hitting $17.96. 79,400 shares of the company’s stock were exchanged, compared to its average volume of 90,726. Sapiens International has a fifty-two week low of $10.11 and a fifty-two week high of $18.25. The company has a current ratio of 1.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average price of $16.43.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data on Monday, August 5th. The technology company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $79.53 million for the quarter, compared to the consensus estimate of $78.62 million. Sapiens International had a return on equity of 15.34% and a net margin of 6.91%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. Analysts predict that Sapiens International will post 0.71 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Sapiens International by 12.8% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,030,241 shares of the technology company’s stock valued at $15,742,000 after acquiring an additional 116,712 shares in the last quarter. BlackRock Inc. bought a new position in Sapiens International during the fourth quarter worth about $52,000. Dimensional Fund Advisors LP grew its holdings in Sapiens International by 78.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 124,406 shares of the technology company’s stock worth $1,372,000 after purchasing an additional 54,875 shares during the period. Navellier & Associates Inc grew its holdings in Sapiens International by 107.9% during the second quarter. Navellier & Associates Inc now owns 92,483 shares of the technology company’s stock worth $1,537,000 after purchasing an additional 48,000 shares during the period. Finally, Cavalier Investments LLC bought a new position in Sapiens International during the first quarter worth about $371,000.

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 personal, commercial, and specialty lines, as well as reinsurance and workers' compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster.

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