Zacks Investment Research upgraded shares of Sapiens International (NASDAQ:SPNS) from a hold rating to a strong-buy rating in a research report sent to investors on Friday morning, reports. The firm currently has $20.00 target price on the technology company’s stock.

According to Zacks, “SAPIENS INTL NV is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Serving as consultants and advisors, Sapiens works with companies to analyze their current systems and develop a blueprint for aligning technology with business goals. The company focuses on delivering innovative solutions that allow companies to build on existing IT assets. “

Several other research firms have also recently commented on SPNS. Roth Capital boosted their price target on shares of Sapiens International from $5.00 to $8.75 in a report on Monday, August 5th. Barclays reiterated a hold rating on shares of Sapiens International in a research note on Wednesday, August 7th. Finally, BidaskClub cut Sapiens International from a strong-buy rating to a buy rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $14.42.

NASDAQ:SPNS opened at $17.96 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.49 and a debt-to-equity ratio of 0.49. Sapiens International has a 12 month low of $10.11 and a 12 month high of $18.25. The stock has a 50 day moving average of $16.51.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings results on Monday, August 5th. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Sapiens International had a net margin of 6.91% and a return on equity of 15.34%. The firm had revenue of $79.53 million during the quarter, compared to analysts’ expectations of $78.62 million. During the same quarter in the prior year, the company earned $0.13 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts forecast that Sapiens International will post 0.71 earnings per share for the current year.

The company also recently declared a dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, August 19th. This is a positive change from Sapiens International’s previous dividend of $0.20.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Sapiens International during the fourth quarter worth approximately $52,000. Dimensional Fund Advisors LP increased its stake in shares of Sapiens International by 78.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 124,406 shares of the technology company’s stock worth $1,372,000 after acquiring an additional 54,875 shares during the period. Cavalier Investments LLC acquired a new stake in shares of Sapiens International in the first quarter worth $371,000. Seizert Capital Partners LLC acquired a new stake in shares of Sapiens International in the first quarter worth $371,000. Finally, Shell Asset Management Co. acquired a new stake in shares of Sapiens International in the first quarter worth $656,000.

Sapiens International Company Profile

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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