Sapiens International Co. (NASDAQ:SPNS) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its position in Sapiens International Co. (NASDAQ:SPNS) by 5.1% in the third quarter, Holdings Channel reports. The firm owned 32,472 shares of the technology company’s stock after purchasing an additional 1,585 shares during the quarter. Tidal Investments LLC’s holdings in Sapiens International were worth $1,210,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its holdings in Sapiens International by 415.1% during the 3rd quarter. Barclays PLC now owns 54,640 shares of the technology company’s stock worth $2,036,000 after buying an additional 44,033 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Sapiens International during the third quarter worth $2,255,000. Zacks Investment Management boosted its holdings in Sapiens International by 42.2% in the third quarter. Zacks Investment Management now owns 17,734 shares of the technology company’s stock worth $661,000 after purchasing an additional 5,259 shares during the period. National Bank of Canada FI bought a new stake in Sapiens International during the third quarter valued at $26,000. Finally, Wellington Management Group LLP raised its holdings in shares of Sapiens International by 14.6% during the third quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company’s stock worth $22,159,000 after purchasing an additional 75,866 shares during the period. 30.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SPNS shares. Barclays decreased their price target on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th. William Blair restated a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Needham & Company LLC reduced their price objective on Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.00.

Sapiens International Trading Down 2.8 %

Sapiens International stock opened at $27.78 on Thursday. Sapiens International Co. has a 52-week low of $26.34 and a 52-week high of $41.22. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 21.87 and a beta of 1.15. The firm has a 50-day moving average price of $32.18 and a two-hundred day moving average price of $34.50.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 earnings per share (EPS) 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 analyst estimates of $140.10 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Sell-side analysts expect that Sapiens International Co. will post 1.42 earnings per share for the current year.

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.