Sapiens International (NASDAQ:SPNS) Announces Earnings Results

Sapiens International (NASDAQ:SPNS) issued its earnings results on Monday. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01), Briefing.com reports. Sapiens International had a net margin of 12.92% and a return on equity of 17.60%. The firm had revenue of $137.00 million during the quarter, compared to analyst estimates of $140.10 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Sapiens International’s quarterly revenue was up 4.8% compared to the same quarter last year. Sapiens International updated its FY 2024 guidance to EPS.

Sapiens International Trading Down 3.4 %

SPNS traded down $0.99 during trading on Tuesday, reaching $28.11. 446,596 shares of the stock traded hands, compared to its average volume of 128,627. The stock’s 50-day moving average is $36.34 and its 200 day moving average is $35.45. Sapiens International has a 12 month low of $24.91 and a 12 month high of $41.22. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.57 billion, a PE ratio of 23.99 and a beta of 1.25.

Sapiens International Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, August 28th were paid a dividend of $0.29 per share. This represents a yield of 1.6%. The ex-dividend date was Wednesday, August 28th. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.28. Sapiens International’s dividend payout ratio (DPR) is currently 47.54%.

Analysts Set New Price Targets

Several brokerages have commented on SPNS. StockNews.com raised Sapiens International from a “buy” rating to a “strong-buy” rating in a research note on Monday. Barclays cut their price objective on Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a report on Tuesday. The Goldman Sachs Group boosted their target price on shares of Sapiens International from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC lowered their target price on Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday.

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.