Cowen reiterated their buy rating on shares of Sapiens International (NASDAQ:SPNS) in a research note released on Friday morning.

Several other equities analysts also recently issued reports on SPNS. ValuEngine raised shares of Sapiens International from a sell rating to a hold rating in a report on Friday, August 3rd. Needham & Company LLC boosted their price target on shares of Sapiens International from $13.00 to $14.00 and gave the company a buy rating in a report on Wednesday, August 8th. William Blair reissued a market perform rating on shares of Sapiens International in a report on Tuesday, August 7th. Barclays reissued a hold rating on shares of Sapiens International in a report on Thursday. Finally, BidaskClub raised shares of Sapiens International from a hold rating to a buy rating in a report on Saturday, August 25th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $13.00.

Shares of SPNS traded down $0.06 during midday trading on Friday, hitting $11.53. 47,005 shares of the stock traded hands. Sapiens International has a 1-year low of $8.01 and a 1-year high of $14.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.53 and a quick ratio of 1.53.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Sapiens International had a net margin of 4.59% and a return on equity of 12.01%. The company had revenue of $73.24 million during the quarter, compared to the consensus estimate of $72.12 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts expect that Sapiens International will post 0.5 earnings per share for the current year.

The business also recently disclosed a … dividend, which was paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th were issued a $0.2337 dividend. The ex-dividend date was Monday, October 15th. Sapiens International’s payout ratio is currently 74.07%.

A number of hedge funds have recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Sapiens International by 13.7% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 913,580 shares of the technology company’s stock worth $8,926,000 after purchasing an additional 109,997 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Sapiens International by 5.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 590,865 shares of the technology company’s stock worth $5,773,000 after purchasing an additional 30,264 shares during the period. American Century Companies Inc. acquired a new stake in Sapiens International in the third quarter worth about $6,258,000. UBS Group AG lifted its holdings in Sapiens International by 114.4% in the first quarter. UBS Group AG now owns 86,524 shares of the technology company’s stock worth $739,000 after purchasing an additional 46,171 shares during the period. Finally, ARK Investment Management LLC lifted its holdings in Sapiens International by 28.7% in the second quarter. ARK Investment Management LLC now owns 61,856 shares of the technology company’s stock worth $604,000 after purchasing an additional 13,788 shares during the period. 8.04% of the stock is owned by institutional investors and hedge funds.

About Sapiens International

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 life, pension, and annuities, such as Sapiens ALIS, LifeSuite, Life Portraits, LifeApply, Sapiens INSIGHT, and Sapiens Closed Books; and personal, commercial and specialty lines, and workers' compensation comprising Sapiens IDIT, Adaptik Policy, Adaptik Billing, Stream Claim, Sapiens Stingray, PowerSuite, and CompSuite.

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