Sapiens International Corporation N.V. (SPNS) Shares Sold by Morgan Stanley

Morgan Stanley cut its holdings in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) by 24.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 97,136 shares of the technology company’s stock after selling 31,424 shares during the quarter. Morgan Stanley owned 0.20% of Sapiens International Corporation N.V. worth $1,252,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. American International Group Inc. lifted its holdings in Sapiens International Corporation N.V. by 7.1% in the 1st quarter. American International Group Inc. now owns 14,962 shares of the technology company’s stock worth $193,000 after purchasing an additional 997 shares during the last quarter. Eagle Global Advisors LLC lifted its holdings in Sapiens International Corporation N.V. by 155.3% in the 1st quarter. Eagle Global Advisors LLC now owns 40,600 shares of the technology company’s stock worth $523,000 after purchasing an additional 24,700 shares during the last quarter. Congress Asset Management Co. MA lifted its holdings in Sapiens International Corporation N.V. by 55.9% in the 1st quarter. Congress Asset Management Co. MA now owns 54,156 shares of the technology company’s stock worth $698,000 after purchasing an additional 19,426 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Sapiens International Corporation N.V. by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 60,016 shares of the technology company’s stock worth $773,000 after purchasing an additional 402 shares during the last quarter. Finally, Martingale Asset Management L P lifted its holdings in Sapiens International Corporation N.V. by 10.0% in the 1st quarter. Martingale Asset Management L P now owns 70,535 shares of the technology company’s stock worth $909,000 after purchasing an additional 6,395 shares during the last quarter. Hedge funds and other institutional investors own 11.74% of the company’s stock.

SPNS has been the topic of several recent analyst reports. ValuEngine downgraded Sapiens International Corporation N.V. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 23rd. TheStreet cut Sapiens International Corporation N.V. from a “b-” rating to a “c+” rating in a research report on Friday, June 16th. Zacks Investment Research upgraded Sapiens International Corporation N.V. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Cowen and Company assumed coverage on Sapiens International Corporation N.V. in a research report on Wednesday, September 6th. They set an “outperform” rating and a $14.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Sapiens International Corporation N.V. has an average rating of “Buy” and an average price target of $15.00.

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Sapiens International Corporation N.V. (SPNS) traded up 1.82% during trading on Wednesday, reaching $12.28. The company’s stock had a trading volume of 16,941 shares. Sapiens International Corporation N.V. has a 1-year low of $10.57 and a 1-year high of $15.98. The company’s 50 day moving average price is $11.36 and its 200-day moving average price is $12.27. The stock has a market cap of $603.24 million, a P/E ratio of 201.31 and a beta of 1.17.

Sapiens International Corporation N.V. (NASDAQ:SPNS) last issued its quarterly earnings results on Monday, August 7th. The technology company reported $0.03 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The company had revenue of $69.20 million for the quarter, compared to analyst estimates of $66.93 million. Sapiens International Corporation N.V. had a return on equity of 6.77% and a net margin of 1.39%. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS. Equities analysts forecast that Sapiens International Corporation N.V. will post $0.36 earnings per share for the current fiscal year.

About Sapiens International Corporation N.V.

Sapiens International Corporation N.V. (Sapiens) is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. Its software solutions portfolio consists of Life, Pension, Annuity and Retirement Solutions, including software solutions for the management of a range of products for life, pension, annuity and retirement; Property and Casualty/General Insurance Solutions, including a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts; Sapiens DECISION, which is a business decision management solution, and Technology-Based Solutions, such as Sapiens eMerge.

Institutional Ownership by Quarter for Sapiens International Corporation N.V. (NASDAQ:SPNS)

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