Zions Bancorporation N.A. Grows Stock Position in Sapiens International Co. (NASDAQ:SPNS)

Zions Bancorporation N.A. grew its holdings in Sapiens International Co. (NASDAQ:SPNS) by 16.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 67,830 shares of the technology company’s stock after acquiring an additional 9,828 shares during the quarter. Zions Bancorporation N.A. owned 0.12% of Sapiens International worth $1,823,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SPNS. Lord Abbett & CO. LLC boosted its stake in Sapiens International by 451.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company’s stock worth $42,168,000 after purchasing an additional 926,405 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Sapiens International by 65.7% in the fourth quarter. Royce & Associates LP now owns 932,703 shares of the technology company’s stock worth $25,062,000 after buying an additional 369,947 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Sapiens International by 100.8% during the fourth quarter. Bank of New York Mellon Corp now owns 153,852 shares of the technology company’s stock worth $4,134,000 after buying an additional 77,219 shares during the period. Wellington Management Group LLP grew 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 valued at $22,159,000 after buying an additional 75,866 shares during the last quarter. Finally, Seizert Capital Partners LLC grew its holdings in shares of Sapiens International by 47.8% during the fourth quarter. Seizert Capital Partners LLC now owns 189,365 shares of the technology company’s stock valued at $5,088,000 after buying an additional 61,200 shares during the last quarter. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Sapiens International Price Performance

Shares of SPNS stock opened at $27.29 on Wednesday. The firm’s 50-day moving average is $27.07 and its two-hundred day moving average is $30.20. The company has a market capitalization of $1.53 billion, a PE ratio of 21.16 and a beta of 1.16. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.18. Sapiens International Co. has a 12 month low of $25.01 and a 12 month high of $41.22.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. The business had revenue of $134.31 million during the quarter, compared to analysts’ expectations of $135.89 million. Analysts predict that Sapiens International Co. will post 1.42 earnings per share for the current year.

Analysts Set New Price Targets

SPNS has been the subject of a number of research reports. Jefferies Financial Group cut Sapiens International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 target price on shares of Sapiens International in a research report on Wednesday, February 19th. William Blair reissued a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. Finally, Barclays dropped their price objective on shares of Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.50.

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.