15% Stake of Sapiens International Co. (SPNS) Held by MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD.
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.
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.
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