Sapiens International (SPNS) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of Sapiens International (NASDAQ:SPNS) from a sell rating to a hold rating in a report released on Tuesday morning.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Sapiens International from a sell rating to a hold rating in a research note on Tuesday, April 17th. William Blair reiterated an outperform rating on shares of Sapiens International in a research note on Thursday, March 8th. Finally, Barclays downgraded shares of Sapiens International from an overweight rating to an equal weight rating in a research note on Friday, February 16th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $15.00.

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Shares of NASDAQ:SPNS opened at $9.36 on Tuesday. Sapiens International has a 52-week low of $8.01 and a 52-week high of $14.30. The stock has a market capitalization of $440.05, a P/E ratio of 34.67, a PEG ratio of 4.06 and a beta of 1.21. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.87 and a quick ratio of 1.87.



Sapiens International (NASDAQ:SPNS) last issued its earnings results on Thursday, March 8th. The technology company reported $0.11 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Sapiens International had a net margin of 0.13% and a return on equity of 6.81%. The business had revenue of $72.40 million during the quarter, compared to the consensus estimate of $72.09 million. During the same period last year, the business posted $0.12 EPS. Sapiens International’s revenue was up 26.8% on a year-over-year basis. sell-side analysts expect that Sapiens International will post 0.44 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Kingfisher Capital LLC acquired a new stake in Sapiens International during the fourth quarter worth approximately $118,000. Meitav Dash Investments Ltd. acquired a new stake in Sapiens International during the fourth quarter worth approximately $554,000. ARK Investment Management LLC acquired a new stake in Sapiens International during the fourth quarter worth approximately $213,000. Finally, Dimensional Fund Advisors LP lifted its position in Sapiens International by 23.2% during the third quarter. Dimensional Fund Advisors LP now owns 39,359 shares of the technology company’s stock worth $520,000 after acquiring an additional 7,400 shares during the last quarter. Hedge funds and other institutional investors own 8.57% of the company’s stock.

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About Sapiens International

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, the United Kingdom, other European countries, Israel, and the Asia Pacific. It offers various solutions for life, pension, and annuity providers, including Sapiens ALIS, Sapiens Closed Books, Life Portraits, LifeApply, and LifeSuite.

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