BidaskClub cut shares of Sapiens International (NASDAQ:SPNS) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday.

A number of other equities research analysts also recently weighed in on SPNS. Cowen reiterated a buy rating and issued a $14.00 price target on shares of Sapiens International in a report on Thursday, October 12th. ValuEngine upgraded Sapiens International from a sell rating to a hold rating in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded Sapiens International from a sell rating to a hold rating in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Sapiens International has a consensus rating of Hold and a consensus target price of $15.00.

Shares of Sapiens International (NASDAQ:SPNS) traded down $0.38 during midday trading on Tuesday, hitting $11.34. The stock had a trading volume of 43,800 shares, compared to its average volume of 75,941. Sapiens International has a 1-year low of $10.57 and a 1-year high of $15.46. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.39. The company has a market cap of $576.80, a P/E ratio of 43.41, a price-to-earnings-growth ratio of 8.08 and a beta of 1.13.

The business also recently disclosed an annual dividend, which was paid on Thursday, December 14th. Investors of record on Monday, December 4th were paid a dividend of $0.20 per share. This is an increase from Sapiens International’s previous annual dividend of $0.15. The ex-dividend date of this dividend was Friday, December 1st. Sapiens International’s dividend payout ratio is presently 1,000.50%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in shares of Sapiens International by 93.2% in the second quarter. Goldman Sachs Group Inc. now owns 320,428 shares of the technology company’s stock worth $3,586,000 after purchasing an additional 154,555 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Sapiens International in the second quarter worth $12,985,000. Sphera Funds Management LTD. grew its stake in shares of Sapiens International by 140.9% in the third quarter. Sphera Funds Management LTD. now owns 354,866 shares of the technology company’s stock worth $4,650,000 after purchasing an additional 207,560 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Sapiens International in the second quarter worth $422,000. Finally, Menora Mivtachim Holdings LTD. bought a new position in shares of Sapiens International in the third quarter worth $402,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.

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Sapiens International Company Profile

Sapiens International Corporation N.V. (Sapiens) is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. Its software solutions portfolio consists of Life, Pension, Annuity and Retirement Solutions, including software solutions for the management of a range of products for life, pension, annuity and retirement; Property and Casualty/General Insurance Solutions, including a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts; Sapiens DECISION, which is a business decision management solution, and Technology-Based Solutions, such as Sapiens eMerge.

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