Sapiens International Co. Declares Quarterly Dividend of $0.35 (NASDAQ:SPNS)

Sapiens International Co. (NASDAQ:SPNSGet Rating) declared a quarterly dividend on Tuesday, May 3rd, Zacks reports. Investors of record on Tuesday, May 17th will be given a dividend of 0.352 per share by the technology company on Wednesday, May 25th. This represents a $1.41 annualized dividend and a yield of 5.81%. The ex-dividend date is Monday, May 16th.

Sapiens International has raised its dividend by an average of 22.8% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Sapiens International has a payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sapiens International to earn $1.27 per share next year, which means the company should continue to be able to cover its $0.47 annual dividend with an expected future payout ratio of 37.0%.

Shares of SPNS opened at $24.25 on Friday. The business has a 50-day simple moving average of $25.12 and a two-hundred day simple moving average of $30.24. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. Sapiens International has a 52 week low of $22.16 and a 52 week high of $38.32. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 26.08 and a beta of 1.37.

Sapiens International (NASDAQ:SPNSGet Rating) last released its earnings results on Tuesday, May 3rd. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. Sapiens International had a net margin of 10.93% and a return on equity of 16.14%. The company had revenue of $117.70 million during the quarter, compared to analyst estimates of $117.21 million. During the same period in the prior year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that Sapiens International will post 1.12 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Sapiens International from $38.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, February 24th. downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Needham & Company LLC cut their target price on Sapiens International from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, February 24th. Zacks Investment Research raised Sapiens International from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday. Finally, William Blair restated a “market perform” rating on shares of Sapiens International in a research note on Tuesday, May 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Sapiens International has an average rating of “Hold” and a consensus target price of $31.00.

Several hedge funds have recently bought and sold shares of SPNS. BNP Paribas Arbitrage SA increased its position in Sapiens International by 481.1% in the third quarter. BNP Paribas Arbitrage SA now owns 6,444 shares of the technology company’s stock worth $185,000 after purchasing an additional 5,335 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Sapiens International in the 3rd quarter worth $226,000. Westwood Holdings Group Inc. purchased a new position in shares of Sapiens International in the 1st quarter worth $228,000. Squarepoint Ops LLC bought a new stake in shares of Sapiens International in the 4th quarter worth about $261,000. Finally, Invesco Ltd. raised its position in shares of Sapiens International by 40.3% during the 2nd quarter. Invesco Ltd. now owns 12,256 shares of the technology company’s stock valued at $322,000 after buying an additional 3,521 shares in the last quarter. 30.28% of the stock is owned by hedge funds and other institutional investors.

Sapiens International Company Profile (Get Rating)

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, the European Union, the United Kingdom, Israel, and internationally. The company offers Sapiens CoreSuite and Sapiens IDITSuite for personal, commercial, and specialty lines; and Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster for life, pension, and annuities.

See Also

Dividend History for Sapiens International (NASDAQ:SPNS)

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