MQS Management LLC Makes New $230,000 Investment in Sapiens International Co. (NASDAQ:SPNS)

MQS Management LLC purchased a new position in shares of Sapiens International Co. (NASDAQ:SPNS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,174 shares of the technology company’s stock, valued at approximately $230,000.

A number of other institutional investors have also recently bought and sold shares of the business. Sei Investments Co. raised its holdings in shares of Sapiens International by 8.5% in the first quarter. Sei Investments Co. now owns 134,486 shares of the technology company’s stock valued at $4,325,000 after buying an additional 10,523 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Sapiens International by 1.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 74,258 shares of the technology company’s stock worth $2,388,000 after buying an additional 1,361 shares during the period. Acadian Asset Management LLC grew its position in shares of Sapiens International by 9.1% in the 1st quarter. Acadian Asset Management LLC now owns 954,791 shares of the technology company’s stock valued at $30,687,000 after purchasing an additional 79,302 shares during the period. Hillsdale Investment Management Inc. grew its position in shares of Sapiens International by 8.5% in the 1st quarter. Hillsdale Investment Management Inc. now owns 153,400 shares of the technology company’s stock valued at $4,933,000 after purchasing an additional 12,000 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Sapiens International in the 1st quarter valued at approximately $192,000. Institutional investors and hedge funds own 30.73% of the company’s stock.

Sapiens International Stock Performance

SPNS opened at $28.00 on Friday. The firm has a market cap of $1.56 billion, a P/E ratio of 22.05 and a beta of 1.25. Sapiens International Co. has a 52-week low of $25.00 and a 52-week high of $41.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.16 and a current ratio of 2.18. The business’s fifty day moving average is $35.79 and its 200-day moving average is $35.31.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The business had revenue of $137.00 million for the quarter, compared to the consensus estimate of $140.10 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. Sapiens International’s quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts expect that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on SPNS shares. The Goldman Sachs Group boosted their target price on Sapiens International from $38.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC decreased their target price on Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays decreased their target price on Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a report on Tuesday. Finally, StockNews.com raised Sapiens International from a “buy” rating to a “strong-buy” rating in a report on Monday, November 11th.

Sapiens International 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.