Sapiens International (SPNS) Hits New 12-Month Low at $9.16

Sapiens International Co. (NASDAQ:SPNS)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $9.16 and last traded at $9.16, with a volume of 107800 shares trading hands. The stock had previously closed at $9.57.

Several equities analysts have recently commented on SPNS shares. BidaskClub raised Sapiens International from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 27th. Zacks Investment Research downgraded Sapiens International from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Barclays downgraded Sapiens International from an “overweight” rating to an “equal weight” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.00.

The stock has a market capitalization of $450.81, a PE ratio of 33.93, a PEG ratio of 4.41 and a beta of 0.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.03 and a quick ratio of 2.03.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPNS. Kingfisher Capital LLC bought a new stake in Sapiens International during the fourth quarter worth $118,000. ARK Investment Management LLC bought a new stake in Sapiens International during the fourth quarter worth $213,000. Jane Street Group LLC lifted its stake in Sapiens International by 58.5% during the third quarter. Jane Street Group LLC now owns 25,690 shares of the technology company’s stock worth $339,000 after purchasing an additional 9,485 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in Sapiens International during the second quarter worth $358,000. Finally, Menora Mivtachim Holdings LTD. bought a new stake in Sapiens International during the third quarter worth $402,000. Hedge funds and other institutional investors own 8.44% of the company’s stock.

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Sapiens International Company Profile

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.

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