Sapiens International Corporation N.V. (NASDAQ:SPNS) Receives $31.33 Average Price Target from Analysts

Shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) have been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $31.3333.

A number of research firms have recently issued reports on SPNS. Needham & Company LLC cut Sapiens International from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a report on Wednesday, August 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Sapiens International in a research report on Monday.

Institutional Investors Weigh In On Sapiens International

Institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its position in Sapiens International by 2,945.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 944 shares of the technology company’s stock worth $41,000 after purchasing an additional 913 shares during the period. Morningstar Investment Management LLC purchased a new stake in Sapiens International during the third quarter valued at about $1,451,000. Meteora Capital LLC bought a new position in shares of Sapiens International during the third quarter valued at about $2,081,000. First Trust Capital Management L.P. bought a new position in shares of Sapiens International during the third quarter valued at about $17,475,000. Finally, Woodline Partners LP purchased a new position in shares of Sapiens International in the third quarter worth about $13,846,000. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Sapiens International Price Performance

SPNS stock opened at $43.28 on Friday. The firm has a 50 day simple moving average of $43.08 and a two-hundred day simple moving average of $36.50. The stock has a market cap of $2.42 billion, a PE ratio of 35.47 and a beta of 0.89. Sapiens International has a one year low of $23.69 and a one year high of $43.28.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Thursday, November 13th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $152.32 million during the quarter, compared to the consensus estimate of $148.23 million. Sapiens International had a net margin of 12.45% and a return on equity of 16.59%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. On average, research analysts expect that Sapiens International will post 1.42 EPS for the current fiscal year.

About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.