Unterberg Capital LLC lowered its stake in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) by 33.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 250,000 shares of the technology company’s stock after selling 126,094 shares during the period. Sapiens International Corporation N.V. accounts for about 3.6% of Unterberg Capital LLC’s investment portfolio, making the stock its 15th largest position. Unterberg Capital LLC owned 0.51% of Sapiens International Corporation N.V. worth $2,798,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SPNS. Airain ltd purchased a new stake in shares of Sapiens International Corporation N.V. during the second quarter valued at $123,000. American International Group Inc. increased its stake in shares of Sapiens International Corporation N.V. by 7.1% in the first quarter. American International Group Inc. now owns 14,962 shares of the technology company’s stock valued at $193,000 after buying an additional 997 shares during the period. Jane Street Group LLC purchased a new stake in shares of Sapiens International Corporation N.V. during the first quarter valued at $281,000. Eagle Global Advisors LLC increased its stake in shares of Sapiens International Corporation N.V. by 155.3% in the first quarter. Eagle Global Advisors LLC now owns 40,600 shares of the technology company’s stock valued at $523,000 after buying an additional 24,700 shares during the period. Finally, Congress Asset Management Co. MA increased its stake in shares of Sapiens International Corporation N.V. by 55.9% in the first quarter. Congress Asset Management Co. MA now owns 54,156 shares of the technology company’s stock valued at $698,000 after buying an additional 19,426 shares during the period. Hedge funds and other institutional investors own 11.74% of the company’s stock.

Shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) traded down 1.2432% during midday trading on Tuesday, hitting $10.9225. 3,540 shares of the company traded hands. The company has a 50-day moving average price of $11.31 and a 200-day moving average price of $12.51. Sapiens International Corporation N.V. has a 52 week low of $10.57 and a 52 week high of $15.98. The stock has a market capitalization of $536.56 million, a P/E ratio of 179.0574 and a beta of 1.16.

Sapiens International Corporation N.V. (NASDAQ:SPNS) last issued its quarterly earnings data on Monday, August 7th. The technology company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $69.20 million during the quarter, compared to the consensus estimate of $66.93 million. Sapiens International Corporation N.V. had a net margin of 1.39% and a return on equity of 6.77%. The company’s revenue was up 30.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. Analysts anticipate that Sapiens International Corporation N.V. will post $0.36 earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on SPNS shares. William Blair reissued an “outperform” rating on shares of Sapiens International Corporation N.V. in a research report on Monday, May 15th. Zacks Investment Research downgraded shares of Sapiens International Corporation N.V. from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. ValuEngine raised shares of Sapiens International Corporation N.V. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet downgraded shares of Sapiens International Corporation N.V. from a “b-” rating to a “c+” rating in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Sapiens International Corporation N.V. currently has an average rating of “Buy” and an average price target of $16.00.

About Sapiens International Corporation N.V.

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.

Institutional Ownership by Quarter for Sapiens International Corporation N.V. (NASDAQ:SPNS)

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