Zacks Investment Research upgraded shares of Sapiens International (NASDAQ:SPNS) from a hold rating to a strong-buy rating in a report released on Tuesday morning, Zacks.com reports. They currently have $30.00 price objective 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 commented on SPNS. BidaskClub raised shares of Sapiens International from a buy rating to a strong-buy rating in a report on Tuesday. ValuEngine lowered shares of Sapiens International from a buy rating to a hold rating in a report on Friday, November 1st. Finally, Needham & Company LLC reissued a buy rating and issued a $26.00 target price on shares of Sapiens International in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Sapiens International currently has an average rating of Buy and an average target price of $19.81.

Shares of Sapiens International stock opened at $25.43 on Tuesday. Sapiens International has a twelve month low of $12.14 and a twelve month high of $26.86. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $24.20 and a two-hundred day simple moving average of $20.63. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 55.28, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02.

Sapiens International (NASDAQ:SPNS) last released its earnings results on Monday, November 4th. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. Sapiens International had a net margin of 7.42% and a return on equity of 16.36%. The firm had revenue of $82.64 million for the quarter, compared to analyst estimates of $81.68 million. During the same period last year, the firm earned $0.15 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Sapiens International will post 0.74 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in SPNS. Parametric Portfolio Associates LLC lifted its holdings in shares of Sapiens International by 14.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,763 shares of the technology company’s stock valued at $312,000 after purchasing an additional 2,323 shares during the last quarter. Navellier & Associates Inc increased its position in Sapiens International by 2.7% during the 3rd quarter. Navellier & Associates Inc now owns 94,972 shares of the technology company’s stock worth $1,865,000 after purchasing an additional 2,489 shares during the period. Daiwa Securities Group Inc. increased its position in Sapiens International by 3.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 73,995 shares of the technology company’s stock worth $1,723,000 after purchasing an additional 2,650 shares during the period. State of Tennessee Treasury Department increased its position in Sapiens International by 41.0% during the 3rd quarter. State of Tennessee Treasury Department now owns 12,879 shares of the technology company’s stock worth $253,000 after purchasing an additional 3,744 shares during the period. Finally, Wells Fargo & Company MN increased its position in Sapiens International by 418.5% during the 2nd quarter. Wells Fargo & Company MN now owns 10,012 shares of the technology company’s stock worth $167,000 after purchasing an additional 8,081 shares during the period. 15.95% of the stock is currently owned by hedge funds and other institutional investors.

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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