Zacks Investment Research lowered shares of Sapiens International (NASDAQ:SPNS) from a buy rating to a hold rating in a research note published on Saturday, Zacks.com reports.

According to Zacks, “SAPIENS INTL NV is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Serving as consultants and advisors, Sapiens works with companies to analyze their current systems and develop a blueprint for aligning technology with business goals. The company focuses on delivering innovative solutions that allow companies to build on existing IT assets. “

Separately, BidaskClub cut American Superconductor from a hold rating to a sell rating in a research note on Monday, April 22nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Sapiens International has a consensus rating of Hold and an average price target of $15.83.

Shares of NASDAQ SPNS opened at $16.06 on Friday. The company’s 50 day moving average price is $16.30. Sapiens International has a 52-week low of $10.03 and a 52-week high of $17.41. The firm has a market capitalization of $814.90 million and a PE ratio of 30.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.45 and a quick ratio of 1.45.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data 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 firm had revenue of $76.79 million for the quarter, compared to analysts’ expectations of $75.69 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Sapiens International’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, research analysts anticipate that Sapiens International will post 0.66 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Sapiens International in the 4th quarter valued at $52,000. Dimensional Fund Advisors LP boosted its stake in Sapiens International by 78.9% in the 4th 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. 1492 Capital Management LLC acquired a new position in Sapiens International in the 4th quarter worth $159,000. Jane Street Group LLC boosted its stake in Sapiens International by 162.9% in the 4th quarter. Jane Street Group LLC now owns 144,189 shares of the technology company’s stock worth $1,590,000 after purchasing an additional 89,335 shares during the period. Finally, American Century Companies Inc. boosted its stake in Sapiens International by 69.5% in the 4th quarter. American Century Companies Inc. now owns 803,212 shares of the technology company’s stock worth $8,859,000 after purchasing an additional 329,448 shares during the period.

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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