Shares of Sapiens International Co. (NASDAQ:SPNS) have earned an average recommendation of “Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $15.17.

Several brokerages have recently issued reports on SPNS. Zacks Investment Research lowered Sapiens International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Barclays reiterated a “hold” rating and issued a $14.50 price target on shares of Sapiens International in a research note on Wednesday, February 27th. Finally, BidaskClub lowered Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 22nd.

Shares of NASDAQ SPNS opened at $15.13 on Monday. Sapiens International has a fifty-two week low of $8.77 and a fifty-two week high of $16.10. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $753.16 million and a price-to-earnings ratio of 28.55.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings results on Monday, May 6th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Sapiens International had a return on equity of 14.01% and a net margin of 5.45%. The company had revenue of $76.79 million for the quarter, compared to analyst estimates of $75.69 million. During the same quarter last year, the company posted $0.13 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, equities research analysts forecast that Sapiens International will post 0.66 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of SPNS. Dimensional Fund Advisors LP grew its position in Sapiens International by 66.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 69,531 shares of the technology company’s stock worth $919,000 after acquiring an additional 27,719 shares during the last quarter. Renaissance Technologies LLC grew its position in Sapiens International by 6.5% during the 3rd quarter. Renaissance Technologies LLC now owns 414,400 shares of the technology company’s stock worth $5,474,000 after acquiring an additional 25,300 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sapiens International by 64.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,012 shares of the technology company’s stock worth $44,000 after acquiring an additional 1,574 shares during the last quarter. ETF Managers Group LLC bought a new stake in Sapiens International during the 4th quarter worth $350,000. Finally, Ramsey Quantitative Systems grew its position in Sapiens International by 64.7% during the 4th quarter. Ramsey Quantitative Systems now owns 33,260 shares of the technology company’s stock worth $367,000 after acquiring an additional 13,069 shares during the last quarter. Institutional investors own 0.03% of the company’s stock.

About Sapiens International

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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