Sapiens International (NASDAQ:SPNS) Hits New 12-Month High – What’s Next?

Sapiens International Corporation N.V. (NASDAQ:SPNS)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $43.21 and last traded at $43.07, with a volume of 18300 shares changing hands. The stock had previously closed at $43.05.

Wall Street Analyst Weigh In

Several research firms recently commented on SPNS. Weiss Ratings reiterated a “hold (c)” rating on shares of Sapiens International in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Sapiens International from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Finally, Needham & Company LLC cut shares of Sapiens International from a “buy” rating to a “hold” rating and set a $35.00 price objective for the company. in a research note on Wednesday, August 13th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $31.33.

Sapiens International Stock Up 0.1%

The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 35.31 and a beta of 0.92. The stock’s fifty day moving average price is $43.00 and its 200-day moving average price is $34.42.

Institutional Investors Weigh In On Sapiens International

Several institutional investors and hedge funds have recently bought and sold shares of SPNS. Vanguard Personalized Indexing Management LLC increased its position in Sapiens International by 16.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 10,753 shares of the technology company’s stock valued at $462,000 after purchasing an additional 1,542 shares during the period. Strs Ohio acquired a new stake in Sapiens International during the 3rd quarter valued at approximately $757,000. Wolverine Asset Management LLC acquired a new stake in Sapiens International during the 3rd quarter valued at approximately $112,000. Tokio Marine Asset Management Co. Ltd. acquired a new stake in Sapiens International during the 3rd quarter valued at approximately $6,244,000. Finally, State of Alaska Department of Revenue acquired a new stake in Sapiens International during the 3rd quarter valued at approximately $107,000. Institutional investors own 30.73% of the company’s stock.

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.