Sapiens International Co. (NASDAQ:SPNS)’s stock price rose 3.6% during trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $17.45 and last traded at $17.37, approximately 7,381 shares changed hands during trading. The stock had previously closed at $16.77.
The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Sapiens International had a return on equity of 14.01% and a net margin of 5.45%. The firm had revenue of $79.53 million for the quarter, compared to analysts’ expectations of $78.62 million. During the same period last year, the firm earned $0.13 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year.
SPNS has been the topic of several analyst reports. Roth Capital raised their target price on Sapiens International from $5.00 to $8.75 in a research report on Monday. Zacks Investment Research cut Sapiens International from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, BidaskClub cut Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $13.81.
The stock has a market cap of $862.66 million and a P/E ratio of 32.84. The firm’s 50-day simple moving average is $16.32. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.42.
About Sapiens International (NASDAQ:SPNS)
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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