Shares of Sapiens International Co. (NASDAQ:SPNS) have received a consensus rating of “Buy” from the eight analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $14.50.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Sapiens International from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Saturday, March 2nd. Barclays reaffirmed a “hold” rating and issued a $14.50 target price on shares of Sapiens International in a report on Wednesday, February 27th. Finally, TheStreet raised shares of Sapiens International from a “c” rating to a “b” rating in a report on Thursday, November 29th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ETF Managers Group LLC bought a new position in shares of Sapiens International during the 4th quarter valued at about $350,000. American Century Companies Inc. bought a new position in shares of Sapiens International during the 3rd quarter valued at about $6,258,000. Acadian Asset Management LLC boosted its holdings in shares of Sapiens International by 96.8% during the 4th quarter. Acadian Asset Management LLC now owns 39,526 shares of the technology company’s stock valued at $435,000 after purchasing an additional 19,446 shares during the last quarter. Altshuler Shaham Ltd bought a new position in shares of Sapiens International during the 4th quarter valued at about $246,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Sapiens International by 64.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,012 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,574 shares during the last quarter. 0.03% of the stock is owned by institutional investors and hedge funds.
Sapiens International (NASDAQ:SPNS) last issued its earnings results on Tuesday, February 26th. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $73.40 million during the quarter, compared to the consensus estimate of $72.74 million. Sapiens International had a net margin of 4.76% and a return on equity of 12.99%. Sapiens International’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. On average, analysts anticipate that Sapiens International will post 0.6 earnings per share for the current year.
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 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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