Sapiens International Co. (NASDAQ:SPNS – Get Free Report) announced a Semi-Annual dividend on Thursday, August 15th, Zacks reports. Investors of record on Wednesday, August 28th will be paid a dividend of 0.29 per share by the technology company on Thursday, September 12th. This represents a yield of 1.6%. The ex-dividend date is Wednesday, August 28th. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.28.
Sapiens International has raised its dividend by an average of 53.9% per year over the last three years. Sapiens International has a dividend payout ratio of 36.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sapiens International to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 38.7%.
Sapiens International Price Performance
SPNS stock opened at $36.30 on Tuesday. The firm has a 50 day moving average of $36.15 and a 200-day moving average of $33.22. Sapiens International has a 12-month low of $24.39 and a 12-month high of $41.22. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 31.03 and a beta of 1.22.
Analyst Ratings Changes
A number of research firms have recently issued reports on SPNS. The Goldman Sachs Group lifted their price target on shares of Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Needham & Company LLC raised their price objective on shares of Sapiens International from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Barclays raised their price objective on shares of Sapiens International from $30.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, August 2nd. Finally, StockNews.com raised shares of Sapiens International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 4th.
Get Our Latest Stock Analysis on SPNS
About Sapiens International
Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.
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