Sapiens International (NASDAQ:SPNS) had its price target hoisted by Needham & Company LLC from $13.00 to $14.00 in a research note published on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the technology company’s stock.

A number of other analysts have also recently weighed in on SPNS. ValuEngine raised shares of Sapiens International from a sell rating to a hold rating in a research note on Friday, August 3rd. Zacks Investment Research raised shares of Sapiens International from a hold rating to a buy rating and set a $11.00 target price on the stock in a research note on Wednesday, May 9th. BidaskClub raised shares of Sapiens International from a sell rating to a hold rating in a research note on Tuesday, June 12th. Finally, William Blair cut shares of Sapiens International from an outperform rating to a market perform rating in a research note on Tuesday, May 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $13.33.

Sapiens International traded down $0.04, reaching $10.76, on Wednesday, according to MarketBeat. The company’s stock had a trading volume of 12,567 shares, compared to its average volume of 27,123. The stock has a market cap of $537.61 million, a P/E ratio of 22.98, a PEG ratio of 4.41 and a beta of 1.32. Sapiens International has a 52 week low of $8.01 and a 52 week high of $14.30. The company has a quick ratio of 1.46, a current ratio of 1.53 and a debt-to-equity ratio of 0.34.

Sapiens International (NASDAQ:SPNS) last posted its earnings results on Monday, May 7th. The technology company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.04. The business had revenue of $71.09 million for the quarter, compared to analysts’ expectations of $67.68 million. Sapiens International had a net margin of 3.83% and a return on equity of 11.37%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 earnings per share. research analysts anticipate that Sapiens International will post 0.5 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. ARK Investment Management LLC increased its stake 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 valued at $604,000 after acquiring an additional 13,788 shares during the period. Jane Street Group LLC increased its stake in Sapiens International by 105.5% in the first quarter. Jane Street Group LLC now owns 31,988 shares of the technology company’s stock valued at $273,000 after acquiring an additional 16,420 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake 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 valued at $5,773,000 after acquiring an additional 30,264 shares during the period. Segall Bryant & Hamill LLC acquired a new position in Sapiens International in the second quarter valued at about $299,000. Finally, UBS Group AG boosted its position in Sapiens International by 114.4% in the first quarter. UBS Group AG now owns 86,524 shares of the technology company’s stock valued at $739,000 after buying an additional 46,171 shares in the last quarter. 9.33% of the stock is currently owned by institutional investors and hedge funds.

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 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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