Shares of Sapiens International Co. (NASDAQ:SPNS) hit a new 52-week high during trading on Monday . The company traded as high as $16.22 and last traded at $16.17, with a volume of 6254 shares trading hands. The stock had previously closed at $15.72.

A number of analysts have recently commented on the company. Zacks Investment Research raised Sapiens International from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Saturday, May 11th. BidaskClub cut Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 22nd. Finally, Barclays reiterated a “hold” rating and issued a $14.50 price objective on shares of Sapiens International in a research report on Wednesday, February 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $15.17.

The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.42. The stock has a market cap of $782.54 million and a PE ratio of 29.25.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data on Monday, May 6th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Sapiens International had a return on equity of 14.01% and a net margin of 5.45%. The business had revenue of $76.79 million during the quarter, compared to analyst estimates of $75.69 million. During the same period in the previous year, the firm earned $0.13 EPS. Sapiens International’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities research analysts expect that Sapiens International Co. will post 0.66 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of SPNS. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Sapiens International by 64.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,012 shares of the technology company’s stock valued at $44,000 after purchasing an additional 1,574 shares during the period. ETF Managers Group LLC acquired a new position in Sapiens International during the 4th quarter worth approximately $350,000. Ramsey Quantitative Systems boosted its position in Sapiens International by 64.7% during the 4th quarter. Ramsey Quantitative Systems now owns 33,260 shares of the technology company’s stock worth $367,000 after acquiring an additional 13,069 shares during the last quarter. Monarch Partners Asset Management LLC bought a new stake in shares of Sapiens International during the 4th quarter worth approximately $265,000. Finally, Acadian Asset Management LLC raised its stake in shares of Sapiens International by 96.8% during the 4th quarter. Acadian Asset Management LLC now owns 39,526 shares of the technology company’s stock worth $435,000 after purchasing an additional 19,446 shares in the last quarter.

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Sapiens International Company Profile (NASDAQ:SPNS)

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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