Sapiens International (NASDAQ:SPNS) Trading 4.2% Higher – Time to Buy?

Sapiens International Co. (NASDAQ:SPNS) shares traded up 4.2% on Monday . The company traded as high as $37.91 and last traded at $37.90. 52,657 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 125,947 shares. The stock had previously closed at $36.37.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Barclays lifted their target price on shares of Sapiens International from $30.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, Needham & Company LLC lifted their target price on shares of Sapiens International from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 2nd.

Sapiens International Trading Down 2.2 %

The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 31.30 and a beta of 1.25. The company’s 50-day moving average price is $36.05 and its 200-day moving average price is $34.85. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $136.80 million for the quarter, compared to analyst estimates of $137.78 million. Sapiens International had a net margin of 12.92% and a return on equity of 17.60%. Sapiens International’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 earnings per share. Equities analysts expect that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Sapiens International Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 28th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, August 28th. This is a positive change from Sapiens International’s previous Semi-Annual dividend of $0.28. This represents a yield of 1.6%. Sapiens International’s payout ratio is presently 49.57%.

Hedge Funds Weigh In On Sapiens International

Institutional investors and hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new position in Sapiens International in the 2nd quarter valued at about $34,000. Financial Management Professionals Inc. acquired a new position in Sapiens International in the 1st quarter valued at about $40,000. Morgan Dempsey Capital Management LLC boosted its holdings in Sapiens International by 9.5% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 4,206 shares of the technology company’s stock valued at $143,000 after purchasing an additional 365 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Sapiens International in the 1st quarter valued at about $192,000. Finally, Foyston Gordon & Payne Inc acquired a new position in Sapiens International in the 1st quarter valued at about $217,000. 30.73% of the stock is currently owned by institutional investors and hedge funds.

Sapiens International Company Profile

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.