Sapiens International (NASDAQ:SPNS) Stock Passes Below 200-Day Moving Average of $0.00

Sapiens International Co. (NASDAQ:SPNS) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as low as $16.51. Sapiens International shares last traded at $16.51, with a volume of 340 shares trading hands.

Several equities analysts recently weighed in on SPNS shares. BidaskClub cut shares of American Superconductor from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Sapiens International has an average rating of “Buy” and an average target price of $15.17.

The company has a 50 day simple moving average of $16.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.45 and a current ratio of 1.45.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data on Monday, May 6th. The technology company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Sapiens International had a net margin of 5.45% and a return on equity of 14.01%. The business had revenue of $76.79 million during the quarter, compared to analysts’ expectations of $75.69 million. During the same period last year, the company posted $0.13 EPS. The business’s revenue was up 8.2% on a year-over-year basis. Analysts anticipate that Sapiens International Co. will post 0.66 EPS for the current year.

Large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Sapiens International in the 4th quarter worth $52,000. 1492 Capital Management LLC bought a new stake in shares of Sapiens International in the 4th quarter worth about $159,000. Seizert Capital Partners LLC bought a new stake in shares of Sapiens International in the 1st quarter worth about $371,000. Cavalier Investments LLC bought a new stake in shares of Sapiens International in the 1st quarter worth about $371,000. Finally, Monarch Partners Asset Management LLC lifted its holdings in shares of Sapiens International by 49.2% in the 1st quarter. Monarch Partners Asset Management LLC now owns 35,856 shares of the technology company’s stock worth $548,000 after acquiring an additional 11,825 shares during the last quarter.

Sapiens International Company Profile (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 personal, commercial, and specialty lines, as well as reinsurance and workers' compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster.

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