Sapiens International (NASDAQ:SPNS) Stock Price Up 3.6% Following Earnings Beat

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.

Several hedge funds have recently modified their holdings of SPNS. BlackRock Inc. acquired a new position in shares of Sapiens International during the 4th quarter valued at $52,000. Advisor Group Inc. increased its position in shares of Sapiens International by 492.9% during the 2nd quarter. Advisor Group Inc. now owns 4,150 shares of the technology company’s stock valued at $69,000 after purchasing an additional 3,450 shares during the period. Seizert Capital Partners LLC acquired a new position in shares of Sapiens International during the 1st quarter valued at $371,000. Cavalier Investments LLC acquired a new position in shares of Sapiens International during the 1st quarter valued at $371,000. Finally, Monarch Partners Asset Management LLC increased its position in shares of Sapiens International by 49.2% during the 1st quarter. Monarch Partners Asset Management LLC now owns 35,856 shares of the technology company’s stock valued at $548,000 after purchasing an additional 11,825 shares during the period.

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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