Sapiens International Co. (SPNS) To Go Ex-Dividend on April 4th

Sapiens International Co. (NASDAQ:SPNSGet Free Report) declared a Semi-Annual dividend on Monday, March 25th, Zacks reports. Shareholders of record on Friday, April 5th will be given a dividend of 0.28 per share by the technology company on Thursday, April 18th. The ex-dividend date of this dividend is Thursday, April 4th. This is a boost from Sapiens International’s previous Semi-Annual dividend of $0.26.

Sapiens International has increased its dividend by an average of 52.9% per year over the last three years. Sapiens International has a dividend payout ratio of 16.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Sapiens International to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 16.8%.

Sapiens International Stock Performance

Shares of Sapiens International stock opened at $31.85 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.11 and a current ratio of 2.11. Sapiens International has a 1 year low of $19.91 and a 1 year high of $32.33. The firm’s 50-day simple moving average is $29.63 and its 200-day simple moving average is $27.93. The firm has a market cap of $1.76 billion, a PE ratio of 28.44 and a beta of 1.16.

Sapiens International (NASDAQ:SPNSGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. Sapiens International had a return on equity of 16.92% and a net margin of 12.14%. The firm had revenue of $130.86 million for the quarter, compared to analysts’ expectations of $130.85 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Sapiens International’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities analysts forecast that Sapiens International will post 1.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on SPNS. Barclays boosted their target price on shares of Sapiens International from $28.00 to $30.00 and gave the company an “underweight” rating in a research note on Wednesday, February 21st. The Goldman Sachs Group increased their price objective on shares of Sapiens International from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sapiens International has a consensus rating of “Moderate Buy” and an average price target of $34.33.

View Our Latest Stock Analysis on Sapiens International

Institutional Investors Weigh In On Sapiens International

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in Sapiens International by 312.5% in the 1st quarter. FMR LLC now owns 1,613 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,222 shares during the last quarter. State of Tennessee Treasury Department bought a new stake in shares of Sapiens International during the second quarter valued at approximately $99,000. Tower Research Capital LLC TRC boosted its position in shares of Sapiens International by 402.5% during the third quarter. Tower Research Capital LLC TRC now owns 6,508 shares of the technology company’s stock worth $124,000 after buying an additional 5,213 shares during the period. Barclays PLC grew its holdings in Sapiens International by 546.2% in the 4th quarter. Barclays PLC now owns 8,652 shares of the technology company’s stock worth $160,000 after buying an additional 7,313 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in Sapiens International by 21.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,046 shares of the technology company’s stock worth $170,000 after buying an additional 1,253 shares in the last quarter. 30.73% of the stock is currently owned by institutional investors.

About Sapiens International

(Get Free Report)

Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.

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Dividend History for Sapiens International (NASDAQ:SPNS)

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