31,959 Shares in Sapiens International Co. (SPNS) Purchased by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP acquired a new position in Sapiens International Co. (NASDAQ:SPNS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 31,959 shares of the technology company’s stock, valued at approximately $358,000. Dimensional Fund Advisors LP owned 0.07% of Sapiens International as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Sapiens International by 39.1% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 337,877 shares of the technology company’s stock worth $3,781,000 after purchasing an additional 94,945 shares during the period. LMR Partners LLP bought a new position in shares of Sapiens International in the second quarter worth about $727,000. Citigroup Inc. increased its stake in shares of Sapiens International by 345.1% in the second quarter. Citigroup Inc. now owns 40,037 shares of the technology company’s stock worth $448,000 after purchasing an additional 31,041 shares during the period. Finally, Airain ltd bought a new position in shares of Sapiens International in the second quarter worth about $123,000. Institutional investors and hedge funds own 9.19% of the company’s stock.
Sapiens International Co. (NASDAQ:SPNS) opened at $12.00 on Wednesday. Sapiens International Co. has a 12 month low of $10.57 and a 12 month high of $15.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a market capitalization of $587.94, a PE ratio of 43.30, a P/E/G ratio of 8.06 and a beta of 1.16.
The company also recently declared an annual dividend, which will be paid on Thursday, December 14th. Investors of record on Monday, December 4th will be paid a dividend of $0.20 per share. This is a positive change from Sapiens International’s previous annual dividend of $0.15. The ex-dividend date of this dividend is Friday, December 1st. Sapiens International’s payout ratio is currently 1,000.00%.
A number of equities analysts have recently commented on SPNS shares. Cowen reiterated a “buy” rating and issued a $14.00 price objective on shares of Sapiens International in a research note on Thursday, October 12th. ValuEngine upgraded Sapiens International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research upgraded Sapiens International from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Sapiens International presently has an average rating of “Buy” and a consensus price target of $15.00.
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About Sapiens International
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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