Y.D. More Investments Ltd Invests $6.92 Million in Sapiens International Co. (NASDAQ:SPNS)

Y.D. More Investments Ltd acquired a new stake in Sapiens International Co. (NASDAQ:SPNS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 202,751 shares of the technology company’s stock, valued at approximately $6,915,000.

A number of other large investors also recently bought and sold shares of SPNS. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Sapiens International during the second quarter worth about $16,616,000. Janus Henderson Group PLC lifted its position in Sapiens International by 155.4% during the first quarter. Janus Henderson Group PLC now owns 599,386 shares of the technology company’s stock worth $19,276,000 after buying an additional 364,695 shares during the period. Confluence Investment Management LLC acquired a new stake in Sapiens International in the 1st quarter worth about $3,807,000. Assenagon Asset Management S.A. purchased a new stake in Sapiens International in the 2nd quarter valued at about $3,339,000. Finally, Acadian Asset Management LLC increased its stake in shares of Sapiens International by 9.1% during the 1st quarter. Acadian Asset Management LLC now owns 954,791 shares of the technology company’s stock valued at $30,687,000 after acquiring an additional 79,302 shares during the last quarter. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SPNS shares. Needham & Company LLC raised their target price on shares of Sapiens International from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. The Goldman Sachs Group increased their price target on shares of Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. StockNews.com cut shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. Finally, Barclays upped their price objective on Sapiens International from $30.00 to $38.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd.

Sapiens International Stock Up 1.0 %

Shares of NASDAQ:SPNS opened at $35.41 on Thursday. The stock has a 50-day simple moving average of $36.57 and a 200-day simple moving average of $33.72. The stock has a market capitalization of $1.95 billion, a P/E ratio of 30.26 and a beta of 1.25. Sapiens International Co. has a 1 year low of $24.39 and a 1 year 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 2.16.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the firm earned $0.31 earnings per share. Sapiens International’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts forecast that Sapiens International Co. will post 1.42 earnings per share for the current year.

Sapiens International Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, September 12th. Investors of record on Wednesday, August 28th will be issued a $0.29 dividend. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.28. This represents a yield of 1.6%. The ex-dividend date is Wednesday, August 28th. Sapiens International’s dividend payout ratio is currently 49.57%.

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.