Barclays cut shares of Sapiens International (NASDAQ:SPNS) from an overweight rating to an equal weight rating in a research note published on Friday, February 16th, MarketBeat.com reports.
Several other research firms have also issued reports on SPNS. Zacks Investment Research lowered shares of Sapiens International from a hold rating to a sell rating in a report on Friday, January 5th. BidaskClub upgraded shares of Sapiens International from a sell rating to a hold rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $15.00.
Shares of Sapiens International (NASDAQ:SPNS) opened at $9.40 on Friday. Sapiens International has a 1-year low of $9.11 and a 1-year high of $14.30. The company has a market cap of $486.74, a PE ratio of 940.94, a price-to-earnings-growth ratio of 4.71 and a beta of 1.18. The company has a quick ratio of 2.03, a current ratio of 1.88 and a debt-to-equity ratio of 0.39.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sphera Funds Management LTD. increased its position in shares of Sapiens International by 140.9% during the third quarter. Sphera Funds Management LTD. now owns 354,866 shares of the technology company’s stock valued at $4,650,000 after acquiring an additional 207,560 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Sapiens International by 1.2% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 341,873 shares of the technology company’s stock valued at $4,513,000 after acquiring an additional 3,996 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Sapiens International by 93.2% during the second quarter. Goldman Sachs Group Inc. now owns 320,428 shares of the technology company’s stock valued at $3,586,000 after acquiring an additional 154,555 shares in the last quarter. Meitav Dash Investments Ltd. bought a new stake in shares of Sapiens International during the fourth quarter valued at approximately $554,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Sapiens International by 23.2% during the third quarter. Dimensional Fund Advisors LP now owns 39,359 shares of the technology company’s stock valued at $520,000 after acquiring an additional 7,400 shares in the last quarter. 8.67% of the stock is owned by institutional investors.
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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