Sapiens International (NASDAQ:SPNS) Hits New 1-Year Low – Should You Sell?

Sapiens International Co. (NASDAQ:SPNS) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $25.87 and last traded at $26.14, with a volume of 125640 shares changing hands. The stock had previously closed at $26.19.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPNS. Needham & Company LLC reduced their price objective on Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. William Blair reissued a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. Barclays reduced their price objective on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a research note on Tuesday, November 12th. Finally, StockNews.com downgraded shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $36.00.

Sapiens International Price Performance

The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $29.04 and a 200 day simple moving average of $33.76. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 20.28 and a beta of 1.15.

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

Institutional Investors Weigh In On Sapiens International

A number of large investors have recently bought and sold shares of the business. National Bank of Canada FI bought a new position in Sapiens International during the third quarter valued at about $26,000. Financial Management Professionals Inc. increased its holdings in shares of Sapiens International by 57.9% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock valued at $72,000 after acquiring an additional 713 shares during the last quarter. MQS Management LLC bought a new position in shares of Sapiens International in the 3rd quarter valued at approximately $230,000. HighTower Advisors LLC bought a new position in shares of Sapiens International in the 3rd quarter valued at approximately $231,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Sapiens International in the 2nd quarter worth approximately $232,000. 30.73% of the stock is currently owned by institutional investors.

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.