American Century Companies Inc. Acquires New Stake in Sapiens International Co. (SPNS)

American Century Companies Inc. acquired a new position in shares of Sapiens International Co. (NASDAQ:SPNS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 473,764 shares of the technology company’s stock, valued at approximately $6,258,000. American Century Companies Inc. owned 0.95% of Sapiens International at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Sapiens International by 13.7% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 913,580 shares of the technology company’s stock worth $8,926,000 after buying an additional 109,997 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Sapiens International by 5.4% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 590,865 shares of the technology company’s stock worth $5,773,000 after buying an additional 30,264 shares during the period. UBS Group AG boosted its position in shares of Sapiens International by 114.4% during the first quarter. UBS Group AG now owns 86,524 shares of the technology company’s stock worth $739,000 after buying an additional 46,171 shares during the period. ARK Investment Management LLC boosted its position in shares of Sapiens International by 28.7% during the second quarter. ARK Investment Management LLC now owns 61,856 shares of the technology company’s stock worth $604,000 after buying an additional 13,788 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in Sapiens International during the second quarter valued at approximately $299,000. 4.35% of the stock is owned by institutional investors.

Shares of NASDAQ SPNS opened at $10.91 on Friday. Sapiens International Co. has a 52 week low of $8.01 and a 52 week high of $14.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.41 and a current ratio of 1.41.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Sapiens International had a return on equity of 12.05% and a net margin of 4.59%. The firm had revenue of $73.24 million during the quarter, compared to analysts’ expectations of $72.12 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts expect that Sapiens International Co. will post 0.52 EPS for the current fiscal year.

The business also recently declared a … dividend, which was paid on Tuesday, October 30th. Investors of record on Tuesday, October 16th were given a dividend of $0.2337 per share. The ex-dividend date of this dividend was Monday, October 15th. Sapiens International’s dividend payout ratio (DPR) is presently 74.07%.

Several research analysts recently commented on the company. ValuEngine raised Sapiens International from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Zacks Investment Research raised Sapiens International from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, November 16th. Needham & Company LLC increased their price target on Sapiens International from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. William Blair reissued a “market perform” rating on shares of Sapiens International in a research report on Tuesday, August 7th. Finally, Barclays reissued a “hold” rating on shares of Sapiens International in a research report on Thursday, November 8th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Sapiens International has an average rating of “Buy” and an average price target of $13.50.

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Sapiens International Profile

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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Institutional Ownership by Quarter for Sapiens International (NASDAQ:SPNS)

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