Sapiens International (NASDAQ:SPNS) Upgraded at BidaskClub

BidaskClub upgraded shares of Sapiens International (NASDAQ:SPNS) from a buy rating to a strong-buy rating in a research report released on Tuesday morning, BidAskClub reports.

A number of other research firms have also recently commented on SPNS. Barclays restated a hold rating on shares of Sapiens International in a research report on Wednesday, August 7th. Roth Capital raised their target price on Sapiens International from $5.00 to $8.75 in a research report on Monday, August 5th. Finally, Zacks Investment Research upgraded Sapiens International from a hold rating to a strong-buy rating and set a $20.00 target price on the stock in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $14.42.

Shares of NASDAQ SPNS traded up $0.51 during trading on Tuesday, reaching $19.69. 63,059 shares of the company traded hands, compared to its average volume of 96,685. The firm’s fifty day simple moving average is $18.36 and its 200 day simple moving average is $16.46. The stock has a market cap of $984.15 million, a P/E ratio of 37.15, a PEG ratio of 2.75 and a beta of 1.00. Sapiens International has a 12-month low of $10.11 and a 12-month high of $20.33. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.49.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings data on Monday, August 5th. The technology company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The business had revenue of $79.53 million during the quarter, compared to analyst estimates of $78.62 million. Sapiens International had a return on equity of 15.34% and a net margin of 6.91%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. As a group, research analysts expect that Sapiens International will post 0.71 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Swiss National Bank grew its position in shares of Sapiens International by 4.9% during the 2nd quarter. Swiss National Bank now owns 46,415 shares of the technology company’s stock valued at $757,000 after acquiring an additional 2,177 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Sapiens International by 14.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 18,763 shares of the technology company’s stock valued at $312,000 after acquiring an additional 2,323 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in shares of Sapiens International during the 2nd quarter valued at about $50,000. Advisor Group Inc. grew its position in shares of Sapiens International by 492.9% during the 2nd quarter. Advisor Group Inc. now owns 4,150 shares of the technology company’s stock valued at $69,000 after acquiring an additional 3,450 shares during the period. Finally, AXA boosted its holdings in Sapiens International by 43.6% in the 2nd quarter. AXA now owns 20,166 shares of the technology company’s stock worth $335,000 after buying an additional 6,126 shares during the last quarter. Hedge funds and other institutional investors own 14.66% of the company’s stock.

Sapiens International Company Profile

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, Europe, the Asia Pacific, and South Africa. The company offers software platform and solutions for personal, commercial, and specialty lines, as well as reinsurance and workers' compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster.

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