Sapiens International (SPNS) Upgraded to “Hold” by BidaskClub
BidaskClub upgraded shares of Sapiens International (NASDAQ:SPNS) from a sell rating to a hold rating in a report released on Friday morning.
A number of other brokerages have also recently issued reports on SPNS. Barclays cut shares of Sapiens International from an overweight rating to an equal weight rating in a report on Friday, February 16th. Zacks Investment Research cut shares of Sapiens International from a hold rating to a sell rating in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $15.00.
Shares of Sapiens International (NASDAQ:SPNS) traded up $0.14 during midday trading on Friday, hitting $9.85. 8,208 shares of the stock were exchanged, compared to its average volume of 45,405. The firm has a market capitalization of $494.82, a PE ratio of 492.50, a P/E/G ratio of 4.60 and a beta of 1.18. Sapiens International has a 52-week low of $9.11 and a 52-week high of $14.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.03 and a quick ratio of 2.03.
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About Sapiens International
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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