2 weeks Ago By ABMN Staff
Norges Bank acquired a new stake in Sapiens International Co. ( NASDAQ:SPNS – Free Report ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,728 shares of the technology company’s stock, valued at approximately $1,239,000.
Norges Bank owned approximately 0.08% of Sapiens International at the end of the most recent reporting period. Other hedge funds also recently added to or reduced their stakes in the company.
National Bank of Canada FI bought a new stake in shares of Sapiens International in the 3rd quarter valued at about $26,000. Blue Trust Inc. raised its stake in Sapiens International by 171.
2% in the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock worth $36,000 after buying an additional 856 shares in the last quarter.
Morgan Dempsey Capital Management LLC raised its stake in Sapiens International by 8.8% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock worth $178,000 after buying an additional 539 shares in the last quarter.
HighTower Advisors LLC lifted its holdings in Sapiens International by 28.6% during the fourth quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company’s stock worth $218,000 after buying an additional 1,801 shares during the period.
Finally, Y Intercept Hong Kong Ltd bought a new stake in Sapiens International during the 4th quarter valued at $262,000. 30.73% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets SPNS has been the subject of several recent research reports. Barclays reduced their price target on Sapiens International from $30.00 to $28.
00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 target price on shares of Sapiens International in a report on Wednesday, February 19th.
Finally, Jefferies Financial Group cut shares of Sapiens International from a “buy” rating to a “hold” rating and lowered their price target for the company from $36.00 to $28.00 in a report on Monday, February 3rd.
One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $33.50.
Sapiens International Trading Up 1.4 % Shares of NASDAQ:SPNS opened at $26.04 on Friday.
The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.
18. The firm has a market capitalization of $1.46 billion, a P/E ratio of 20.
19 and a beta of 1.10. The business’s 50-day moving average is $27.
05 and its 200 day moving average is $29.29. Sapiens International Co.
has a 1 year low of $23.69 and a 1 year high of $41.22.
Sapiens International ( NASDAQ:SPNS – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.
37 by ($0.01). Sapiens International had a net margin of 13.
31% and a return on equity of 17.42%. The company had revenue of $134.
31 million during the quarter, compared to analysts’ expectations of $135.89 million. On average, research analysts predict that Sapiens International Co.
will post 1.42 earnings per share for the current fiscal year. Sapiens International Increases Dividend The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 16th.
Stockholders of record on Monday, April 7th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 7th.
This is a positive change from Sapiens International’s previous semi-annual dividend of $0.22. This represents a dividend yield of 2.
2%. Sapiens International’s payout ratio is 46.51%.
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 Articles 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.
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