Sapiens International’s (SPNS) “Hold” Rating Reaffirmed at Barclays

Sapiens International (NASDAQ:SPNS)‘s stock had its “hold” rating reissued by stock analysts at Barclays in a research note issued on Thursday.

Several other research firms have also commented on SPNS. BidaskClub upgraded shares of Sapiens International from a “hold” rating to a “buy” rating in a research report on Saturday, August 25th. Zacks Investment Research upgraded shares of Sapiens International from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Saturday, August 11th. Needham & Company LLC boosted their price objective on shares of Sapiens International from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. ValuEngine upgraded shares of Sapiens International from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, William Blair reiterated a “market perform” rating on shares of Sapiens International in a research report on Tuesday, August 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $13.00.

Shares of NASDAQ SPNS opened at $12.11 on Thursday. Sapiens International has a one year low of $8.01 and a one year high of $14.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 1.53.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Wednesday, November 7th. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The company had revenue of $73.24 million for the quarter, compared to analyst estimates of $72.12 million. Sapiens International had a net margin of 3.83% and a return on equity of 11.37%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. Equities research analysts forecast that Sapiens International will post 0.5 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Northern Trust Corp lifted its holdings in Sapiens International by 31.9% in the 2nd quarter. Northern Trust Corp now owns 22,472 shares of the technology company’s stock valued at $220,000 after purchasing an additional 5,441 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Sapiens International in the 3rd quarter valued at about $266,000. Ramsey Quantitative Systems lifted its holdings in Sapiens International by 398.3% in the 3rd quarter. Ramsey Quantitative Systems now owns 20,191 shares of the technology company’s stock valued at $267,000 after purchasing an additional 16,139 shares in the last quarter. Jane Street Group LLC lifted its holdings in Sapiens International by 105.5% in the 1st quarter. Jane Street Group LLC now owns 31,988 shares of the technology company’s stock valued at $273,000 after purchasing an additional 16,420 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in Sapiens International in the 2nd quarter valued at about $299,000. Institutional investors own 8.04% of the company’s stock.

About Sapiens International

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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