MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.

stated that they own 15% of Sapiens International Co. (NASDAQ:SPNS) in a Schedule 13G disclosure that was filed with the SEC on Monday, January 22nd. The investor owns 2,536,448 shares of the stock worth approximately $30,589,563. The filing is available through Edgar at this hyperlink.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd raised its position in Sapiens International by 1.2% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 341,873 shares of the technology company’s stock worth $4,513,000 after acquiring an additional 3,996 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Sapiens International by 23.2% during the third quarter. Dimensional Fund Advisors LP now owns 39,359 shares of the technology company’s stock worth $520,000 after acquiring an additional 7,400 shares in the last quarter. Jane Street Group LLC raised its position in Sapiens International by 58.5% during the third quarter. Jane Street Group LLC now owns 25,690 shares of the technology company’s stock worth $339,000 after acquiring an additional 9,485 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in Sapiens International during the second quarter worth $178,000. Finally, Menora Mivtachim Holdings LTD. bought a new stake in Sapiens International during the third quarter worth $402,000. 9.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sapiens International Co. (NASDAQ:SPNS) traded down $0.14 on Monday, hitting $12.06. 8,000 shares of the stock traded hands, compared to its average volume of 49,746. The company has a market capitalization of $593.54, a price-to-earnings ratio of 603.30, a PEG ratio of 4.64 and a beta of 1.14. Sapiens International Co. has a 52 week low of $10.57 and a 52 week high of $15.46. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.03 and a quick ratio of 2.03.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Thursday, November 9th. The technology company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Sapiens International had a net margin of 0.38% and a return on equity of 6.84%. sell-side analysts expect that Sapiens International Co. will post 0.29 EPS for the current year.

Several brokerages have recently weighed in on SPNS. Zacks Investment Research lowered shares of Sapiens International from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Cowen reissued a “buy” rating and issued a $14.00 price objective on shares of Sapiens International in a research report on Thursday, October 12th. Finally, BidaskClub raised shares of Sapiens International from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price 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.

Institutional Ownership by Quarter for Sapiens International (NASDAQ:SPNS)

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