O Shaughnessy Asset Management LLC Has $455,000 Holdings in Sapiens International Co. (NASDAQ:SPNS)

O Shaughnessy Asset Management LLC cut its stake in Sapiens International Co. (NASDAQ:SPNS) by 17.7% in the second quarter, Holdings Channel.com reports. The firm owned 17,338 shares of the technology company’s stock after selling 3,727 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Sapiens International were worth $455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sapiens International by 193.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,336 shares of the technology company’s stock worth $193,000 after purchasing an additional 4,837 shares during the period. Cornerstone Investment Partners LLC acquired a new position in shares of Sapiens International during the 2nd quarter worth about $212,000. Altshuler Shaham Ltd boosted its stake in shares of Sapiens International by 1,101.7% during the 1st quarter. Altshuler Shaham Ltd now owns 6,886 shares of the technology company’s stock worth $217,000 after buying an additional 6,313 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Sapiens International by 61.2% during the 1st quarter. SG Americas Securities LLC now owns 9,708 shares of the technology company’s stock worth $309,000 after buying an additional 3,686 shares during the last quarter. Finally, Paradiem LLC acquired a new position in shares of Sapiens International during the 1st quarter worth about $312,000. 25.04% of the stock is owned by hedge funds and other institutional investors.

SPNS has been the subject of a number of recent research reports. JPMorgan Chase & Co. downgraded shares of Sapiens International from an “overweight” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research note on Tuesday, July 13th. The Goldman Sachs Group downgraded shares of Sapiens International from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $34.00 to $27.00 in a research note on Thursday, June 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.83.

Shares of SPNS stock opened at $28.19 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.70 and a current ratio of 1.70. The firm’s 50-day moving average is $27.13 and its 200-day moving average is $28.97. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 40.27 and a beta of 1.39. Sapiens International Co. has a 52-week low of $24.30 and a 52-week high of $35.85.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Tuesday, August 3rd. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. The company had revenue of $115.00 million for the quarter, compared to analysts’ expectations of $112.50 million. Sapiens International had a net margin of 8.95% and a return on equity of 15.60%. Sapiens International’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. Sell-side analysts predict that Sapiens International Co. will post 1.08 EPS for the current fiscal year.

Sapiens International Profile

Sapiens International Corp. NV provides software solutions for the insurance industry. It offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company was founded by Joseph Bolless and Ron Zuckerman in 1982 and is headquartered in Holon, Israel.

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Institutional Ownership by Quarter for Sapiens International (NASDAQ:SPNS)

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