Short Interest in Sapiens International Co. (NASDAQ:SPNS) Declines By 35.4%

Sapiens International Co. (NASDAQ:SPNS) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 163,300 shares, a decline of 35.4% from the January 15th total of 252,800 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 209,600 shares, the days-to-cover ratio is currently 0.8 days.

Sapiens International Stock Down 1.7 %

Sapiens International stock opened at $26.39 on Friday. The stock has a market capitalization of $1.47 billion, a PE ratio of 20.78 and a beta of 1.16. Sapiens International has a twelve month low of $25.01 and a twelve month high of $41.22. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $26.82 and a 200-day moving average of $31.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SPNS. National Bank of Canada FI acquired a new position in shares of Sapiens International in the third quarter valued at approximately $26,000. Blue Trust Inc. boosted its holdings in shares of Sapiens International by 171.2% in the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock valued at $36,000 after buying an additional 856 shares during the period. Quarry LP acquired a new position in shares of Sapiens International in the fourth quarter valued at approximately $37,000. Financial Management Professionals Inc. lifted its position in shares of Sapiens International by 57.9% in the third quarter. Financial Management Professionals Inc. now owns 1,945 shares of the technology company’s stock worth $72,000 after purchasing an additional 713 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC lifted its position in shares of 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 purchasing an additional 539 shares in the last quarter. Institutional investors and hedge funds own 30.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SPNS. StockNews.com cut shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Needham & Company LLC decreased their price objective on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. William Blair restated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. Jefferies Financial Group cut shares of Sapiens International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $36.00 to $28.00 in a report on Monday, February 3rd. Finally, Barclays decreased their price objective on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.00.

Sapiens International Company Profile

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.