1 week Ago By ABMN Staff
Legal & General Group Plc lowered its stake in Sapiens International Co. ( NASDAQ:SPNS – Free Report ) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 32,476 shares of the technology company’s stock after selling 2,205 shares during the period. Legal & General Group Plc’s holdings in Sapiens International were worth $878,000 as of its most recent SEC filing. Other large investors also recently modified their holdings of the company.
Lord Abbett & CO. LLC lifted its holdings in Sapiens International by 451.9% in the 3rd quarter.
Lord Abbett & CO. LLC now owns 1,131,426 shares of the technology company’s stock worth $42,168,000 after buying an additional 926,405 shares during the period. Royce & Associates LP raised its stake in Sapiens International by 65.
7% in the fourth quarter. Royce & Associates LP now owns 932,703 shares of the technology company’s stock worth $25,062,000 after buying an additional 369,947 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Sapiens International by 10.
9% in the fourth quarter. Wellington Management Group LLP now owns 659,524 shares of the technology company’s stock worth $17,721,000 after buying an additional 64,972 shares during the period. Geode Capital Management LLC boosted its position in Sapiens International by 0.
3% during the 4th quarter. Geode Capital Management LLC now owns 410,133 shares of the technology company’s stock valued at $11,020,000 after acquiring an additional 1,185 shares in the last quarter. Finally, Y.
D. More Investments Ltd grew its holdings in shares of Sapiens International by 13.9% during the 4th quarter.
Y.D. More Investments Ltd now owns 234,297 shares of the technology company’s stock worth $6,338,000 after acquiring an additional 28,512 shares during the period.
30.73% of the stock is owned by institutional investors. Sapiens International Trading Up 0.
8 % Shares of NASDAQ:SPNS opened at $27.89 on Monday. The stock has a 50 day moving average of $26.
99 and a 200 day moving average of $28.54. The company has a market cap of $1.
56 billion, a PE ratio of 21.62 and a beta of 1.10.
The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.
04. Sapiens International Co. has a 12-month low of $23.
69 and a 12-month high of $41.22. Sapiens International Increases Dividend The business also recently announced a semi-annual dividend, which was paid on Wednesday, April 16th.
Investors of record on Monday, April 7th were paid a dividend of $0.66 per share. This represents a yield of 2.
2%. This is a boost from Sapiens International’s previous semi-annual dividend of $0.22.
The ex-dividend date was Monday, April 7th. Sapiens International’s dividend payout ratio (DPR) is presently 46.51%.
Wall Street Analyst Weigh In SPNS has been the topic of several recent research reports. Barclays reduced their price target on Sapiens International from $30.00 to $28.
00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Jefferies Financial Group lowered Sapiens International from a “buy” rating to a “hold” rating and lowered their price target for the stock from $36.00 to $28.
00 in a research report on Monday, February 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $35.00 target price on shares of Sapiens International in a research report on Wednesday, February 19th.
One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $33.
50. Get Our Latest Stock Analysis on SPNS Sapiens International Profile ( 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. Featured Stories Want to see what other hedge funds are holding SPNS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Sapiens International Co. ( NASDAQ:SPNS – Free Report ). Receive News & Ratings for Sapiens International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sapiens International and related companies with MarketBeat.
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