Sapiens International Co. (NASDAQ:SPNS) Raises Dividend to $0.29 Per Share

Sapiens International Co. (NASDAQ:SPNS) 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.

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

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.

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.