Sapiens International Corporation N.V. (NASDAQ:SPNS) Receives $31.33 Consensus Price Target from Brokerages

Shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) have received a consensus rating of “Reduce” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $31.3333.

SPNS has been the subject of several research reports. Wall Street Zen cut shares of Sapiens International from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Needham & Company LLC cut shares of Sapiens International from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a research report on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sapiens International in a research report on Wednesday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. State of Wyoming grew its position in shares of Sapiens International by 36.4% in the 2nd quarter. State of Wyoming now owns 12,207 shares of the technology company’s stock worth $357,000 after buying an additional 3,255 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Sapiens International by 333.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,975 shares of the technology company’s stock worth $116,000 after buying an additional 3,058 shares during the last quarter. Tidal Investments LLC grew its position in shares of Sapiens International by 6.3% in the 2nd quarter. Tidal Investments LLC now owns 28,709 shares of the technology company’s stock worth $840,000 after buying an additional 1,693 shares during the last quarter. Topline Capital Management LLC grew its position in shares of Sapiens International by 9.7% in the 2nd quarter. Topline Capital Management LLC now owns 1,037,075 shares of the technology company’s stock worth $30,334,000 after buying an additional 91,698 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Sapiens International by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 44,125 shares of the technology company’s stock worth $1,290,000 after buying an additional 439 shares during the last quarter. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Sapiens International Stock Performance

NASDAQ:SPNS opened at $42.98 on Friday. The firm has a 50-day simple moving average of $40.43 and a 200-day simple moving average of $32.40. Sapiens International has a one year low of $23.69 and a one year high of $43.18. The firm has a market cap of $2.40 billion, a P/E ratio of 35.23 and a beta of 0.92.

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.