Sapiens International Co. (NASDAQ:SPNS) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in shares of Sapiens International Co. (NASDAQ:SPNS) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 258,150 shares of the technology company’s stock after selling 28,200 shares during the period. Federated Hermes Inc. owned approximately 0.47% of Sapiens International worth $7,471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Van ECK Associates Corp lifted its stake in Sapiens International by 6.8% during the third quarter. Van ECK Associates Corp now owns 9,787 shares of the technology company’s stock valued at $278,000 after purchasing an additional 623 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in Sapiens International by 2.4% during the third quarter. Los Angeles Capital Management LLC now owns 27,580 shares of the technology company’s stock valued at $784,000 after purchasing an additional 635 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Sapiens International during the fourth quarter valued at approximately $25,000. Morgan Dempsey Capital Management LLC lifted its stake in Sapiens International by 37.2% during the third quarter. Morgan Dempsey Capital Management LLC now owns 3,841 shares of the technology company’s stock valued at $109,000 after purchasing an additional 1,041 shares during the last quarter. Finally, Torray Investment Partners LLC lifted its position in shares of Sapiens International by 3.7% in the 3rd quarter. Torray Investment Partners LLC now owns 43,173 shares of the technology company’s stock valued at $1,227,000 after acquiring an additional 1,556 shares in the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on SPNS. Barclays upped their price target on shares of Sapiens International from $28.00 to $30.00 and gave the company an “underweight” rating in a research report on Wednesday, February 21st. The Goldman Sachs Group upped their price target on shares of Sapiens International from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Sapiens International presently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

Sapiens International Stock Up 1.4 %

Sapiens International stock opened at $31.12 on Thursday. The firm has a market cap of $1.72 billion, a PE ratio of 27.79 and a beta of 1.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.11 and a current ratio of 2.11. The firm’s 50 day moving average price is $30.68 and its two-hundred day moving average price is $28.21. Sapiens International Co. has a twelve month low of $19.91 and a twelve month high of $35.33.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $130.86 million for the quarter, compared to analyst estimates of $130.85 million. Sapiens International had a net margin of 12.14% and a return on equity of 16.92%. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. On average, research analysts predict that Sapiens International Co. will post 1.37 EPS for the current fiscal year.

Sapiens International Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, April 18th. Shareholders of record on Friday, April 5th were paid a $0.28 dividend. This represents a yield of 1.7%. The ex-dividend date was Thursday, April 4th. This is a positive change from Sapiens International’s previous Semi-Annual dividend of $0.26. Sapiens International’s dividend payout ratio is currently 50.00%.

About Sapiens International

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.