Sapiens International Co. (NASDAQ:SPNS) hit a new 52-week high on Thursday . The company traded as high as $14.50 and last traded at $14.42, with a volume of 3541 shares trading hands. The stock had previously closed at $13.94.

SPNS has been the subject of several recent analyst reports. TheStreet raised Sapiens International from a “c” rating to a “b” rating in a report on Thursday, November 29th. Zacks Investment Research upgraded Sapiens International from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Saturday, March 2nd. Finally, Barclays restated a “hold” rating and issued a $14.50 price objective on shares of Sapiens International in a research report on Wednesday, February 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Sapiens International has a consensus rating of “Buy” and an average target price of $14.50.

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.59 and a quick ratio of 1.41. The firm has a market cap of $691.44 million and a PE ratio of 27.08.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Tuesday, February 26th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. Sapiens International had a return on equity of 12.99% and a net margin of 4.76%. The firm had revenue of $73.40 million for the quarter, compared to the consensus estimate of $72.74 million. During the same quarter in the previous year, the business earned $0.12 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, analysts expect that Sapiens International Co. will post 0.6 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northern Trust Corp lifted its position in Sapiens International by 31.9% during the 2nd quarter. Northern Trust Corp now owns 22,472 shares of the technology company’s stock worth $220,000 after acquiring an additional 5,441 shares during the period. Acadian Asset Management LLC acquired a new stake in Sapiens International during the 3rd quarter worth approximately $266,000. American Century Companies Inc. acquired a new stake in Sapiens International during the 3rd quarter worth approximately $6,258,000. Dimensional Fund Advisors LP lifted its position in Sapiens International by 66.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 69,531 shares of the technology company’s stock worth $919,000 after acquiring an additional 27,719 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Sapiens International by 6.5% during the 3rd quarter. Renaissance Technologies LLC now owns 414,400 shares of the technology company’s stock worth $5,474,000 after acquiring an additional 25,300 shares during the period. 0.03% of the stock is owned by hedge funds and other institutional investors.

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About Sapiens International (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 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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