Tidal Investments LLC Raises Holdings in Sapiens International Co. (NASDAQ:SPNS)

Tidal Investments LLC boosted its position in Sapiens International Co. (NASDAQ:SPNS) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,472 shares of the technology company’s stock after acquiring an additional 1,585 shares during the quarter. Tidal Investments LLC owned 0.06% of Sapiens International worth $1,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new position in shares of Sapiens International in the 2nd quarter valued at about $6,915,000. Renaissance Technologies LLC raised its holdings in Sapiens International by 14.6% in the second quarter. Renaissance Technologies LLC now owns 681,004 shares of the technology company’s stock valued at $23,106,000 after buying an additional 87,001 shares during the period. Wellington Management Group LLP lifted its position in Sapiens International by 14.6% during the third quarter. Wellington Management Group LLP now owns 594,552 shares of the technology company’s stock valued at $22,159,000 after buying an additional 75,866 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Sapiens International during the third quarter worth approximately $2,255,000. Finally, Barclays PLC increased its position in shares of Sapiens International by 415.1% in the third quarter. Barclays PLC now owns 54,640 shares of the technology company’s stock worth $2,036,000 after acquiring an additional 44,033 shares in the last quarter. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Sapiens International Stock Performance

Shares of SPNS stock opened at $27.78 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18. The company’s fifty day moving average price is $32.18 and its two-hundred day moving average price is $34.50. The firm has a market capitalization of $1.55 billion, a P/E ratio of 21.87 and a beta of 1.15. Sapiens International Co. has a 12 month low of $26.34 and a 12 month high of $41.22.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The business had revenue of $137.00 million during the quarter, compared to analyst estimates of $140.10 million. During the same quarter last year, the firm posted $0.32 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. On average, research analysts anticipate that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SPNS has been the topic of several recent research reports. StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Barclays reduced their price objective on Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 12th. William Blair reiterated a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. Finally, Needham & Company LLC reduced their price target on Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $36.00.

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.