Sapiens International Co. (NASDAQ:SPNS) Plans Dividend of $0.66

Sapiens International Co. (NASDAQ:SPNS) declared a dividend on Tuesday, March 25th, NASDAQ Dividends reports. Investors of record on Monday, April 7th will be given a dividend of 0.66 per share by the technology company on Wednesday, April 16th. The ex-dividend date of this dividend is Monday, April 7th. This is a 200.0% increase from Sapiens International’s previous dividend of $0.22.

Sapiens International has raised its dividend payment by an average of 15.5% per year over the last three years. Sapiens International has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sapiens International to earn $1.59 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 36.5%.

Sapiens International Stock Up 1.1 %

NASDAQ:SPNS traded up $0.31 during trading hours on Thursday, hitting $27.68. The stock had a trading volume of 136,802 shares, compared to its average volume of 149,867. The business has a 50 day simple moving average of $27.14 and a two-hundred day simple moving average of $30.17. The company has a market cap of $1.55 billion, a PE ratio of 21.46 and a beta of 1.16. Sapiens International has a 1-year low of $25.01 and a 1-year high of $41.22. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04.

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

Analyst Upgrades and Downgrades

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

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.