$72.08 Million in Sales Expected for Sapiens International Co. (SPNS) This Quarter

Wall Street brokerages expect that Sapiens International Co. (NASDAQ:SPNS) will report sales of $72.08 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sapiens International’s earnings, with estimates ranging from $71.66 million to $72.50 million. Sapiens International posted sales of $72.01 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.1%. The firm is scheduled to report its next quarterly earnings report on Thursday, November 8th.

On average, analysts expect that Sapiens International will report full-year sales of $287.71 million for the current year, with estimates ranging from $286.72 million to $288.70 million. For the next fiscal year, analysts expect that the company will post sales of $302.00 million, with estimates ranging from $300.90 million to $303.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Sapiens International.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Sapiens International had a net margin of 3.83% and a return on equity of 11.37%. The firm had revenue of $72.16 million during the quarter, compared to the consensus estimate of $70.63 million.

A number of brokerages have weighed in on SPNS. Zacks Investment Research raised shares of Sapiens International from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Saturday, August 11th. William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a report on Tuesday, August 7th. Needham & Company LLC raised their price objective on shares of Sapiens International from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. ValuEngine raised shares of Sapiens International from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Finally, BidaskClub raised shares of Sapiens International from a “hold” rating to a “buy” rating in a report on Saturday, August 25th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Sapiens International presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Shares of Sapiens International stock opened at $11.82 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 1.53. Sapiens International has a fifty-two week low of $8.01 and a fifty-two week high of $14.46.

The firm also recently disclosed a … dividend, which will be paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 16th will be issued a dividend of $0.2337 per share. The ex-dividend date of this dividend is Monday, October 15th. Sapiens International’s payout ratio is 74.07%.

Several large investors have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems lifted its holdings in shares of Sapiens International by 398.3% during the 3rd quarter. Ramsey Quantitative Systems now owns 20,191 shares of the technology company’s stock worth $267,000 after acquiring an additional 16,139 shares during the period. Northern Trust Corp lifted its holdings in shares of Sapiens International by 31.9% during the 2nd quarter. Northern Trust Corp now owns 22,472 shares of the technology company’s stock worth $220,000 after acquiring an additional 5,441 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of Sapiens International during the 2nd quarter worth about $299,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Sapiens International by 13.7% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 913,580 shares of the technology company’s stock worth $8,926,000 after acquiring an additional 109,997 shares during the period. Finally, ARK Investment Management LLC lifted its holdings in shares of Sapiens International by 28.7% during the 2nd quarter. ARK Investment Management LLC now owns 61,856 shares of the technology company’s stock worth $604,000 after acquiring an additional 13,788 shares during the period. 9.24% of the stock is owned by institutional investors.

Sapiens International Company Profile

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 life, pension, and annuities, such as Sapiens ALIS, LifeSuite, Life Portraits, LifeApply, Sapiens INSIGHT, and Sapiens Closed Books; and personal, commercial and specialty lines, and workers' compensation comprising Sapiens IDIT, Adaptik Policy, Adaptik Billing, Stream Claim, Sapiens Stingray, PowerSuite, and CompSuite.

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