Sapiens International (NASDAQ:SPNS) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Sapiens International (NASDAQ:SPNS) from a buy rating to a hold rating in a report published on Tuesday morning, BidAskClub reports.

A number of other research firms have also recently weighed in on SPNS. Zacks Investment Research upgraded Sapiens International from a sell rating to a hold rating in a report on Wednesday, June 3rd. Needham & Company LLC reaffirmed a buy rating and issued a $28.00 target price on shares of Sapiens International in a research note on Thursday, May 14th. Finally, ValuEngine raised Sapiens International from a sell rating to a hold rating in a research note on Tuesday, March 3rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Sapiens International currently has an average rating of Hold and an average price target of $22.94.

SPNS opened at $27.98 on Tuesday. The stock has a market cap of $1.38 billion, a P/E ratio of 50.87, a P/E/G ratio of 6.76 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50 day simple moving average is $26.07 and its 200 day simple moving average is $23.52. Sapiens International has a 1-year low of $13.55 and a 1-year high of $29.73.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Thursday, May 14th. The technology company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $90.53 million for the quarter, compared to analysts’ expectations of $87.07 million. Sapiens International had a return on equity of 17.81% and a net margin of 8.22%. Research analysts expect that Sapiens International will post 0.81 EPS for the current fiscal year.

The business also recently announced an annual dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid a $0.14 dividend. This represents a yield of 0.58%. The ex-dividend date of this dividend was Tuesday, May 26th. Sapiens International’s payout ratio is currently 18.67%.

Hedge funds have recently bought and sold shares of the stock. Aigen Investment Management LP purchased a new stake in Sapiens International in the 1st quarter valued at approximately $89,000. Advisor Group Holdings Inc. purchased a new position in shares of Sapiens International during the 1st quarter worth $95,000. Advisor Group Inc. lifted its stake in shares of Sapiens International by 79.5% during the 4th quarter. Advisor Group Inc. now owns 7,405 shares of the technology company’s stock worth $170,000 after purchasing an additional 3,280 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Sapiens International by 313.1% during the 1st quarter. Wells Fargo & Company MN now owns 8,630 shares of the technology company’s stock worth $164,000 after purchasing an additional 6,541 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Sapiens International during the 1st quarter worth $196,000. 15.83% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Story: Why do company’s buyback their stock?

Receive News & Ratings for Sapiens International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sapiens International and related companies with MarketBeat.com's FREE daily email newsletter.