Barclays Issues Pessimistic Forecast for Sapiens International (NASDAQ:SPNS) Stock Price

Sapiens International (NASDAQ:SPNS) had its price target reduced by equities research analysts at Barclays from $30.00 to $28.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the technology company’s stock. Barclays‘s price objective suggests a potential upside of 1.38% from the stock’s previous close.

Several other analysts have also recently commented on the company. StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Needham & Company LLC restated a “buy” rating and issued a $35.00 target price on shares of Sapiens International in a report on Wednesday. Jefferies Financial Group lowered shares of Sapiens International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. Finally, William Blair reiterated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Sapiens International presently has a consensus rating of “Hold” and an average target price of $33.50.

Sapiens International Stock Performance

Shares of SPNS opened at $27.62 on Wednesday. Sapiens International has a 1 year low of $25.01 and a 1 year high of $41.22. The company’s 50 day simple moving average is $26.78 and its 200 day simple moving average is $31.65. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 21.75 and a beta of 1.16. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.18.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. On average, sell-side analysts predict that Sapiens International will post 1.42 EPS for the current year.

Hedge Funds Weigh In On Sapiens International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lord Abbett & CO. LLC increased 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 valued at $42,168,000 after purchasing an additional 926,405 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sapiens International by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,077,821 shares of the technology company’s stock valued at $28,961,000 after buying an additional 32,126 shares in the last quarter. Nine Ten Capital Management LLC raised its holdings in shares of Sapiens International by 17.0% during the 4th quarter. Nine Ten Capital Management LLC now owns 1,074,291 shares of the technology company’s stock valued at $28,866,000 after buying an additional 155,880 shares during the period. Royce & Associates LP lifted its position in Sapiens International by 65.7% during the 4th quarter. Royce & Associates LP now owns 932,703 shares of the technology company’s stock worth $25,062,000 after acquiring an additional 369,947 shares in the last quarter. Finally, Topline Capital Management LLC purchased a new position in Sapiens International in the 4th quarter worth approximately $24,147,000. Institutional investors and hedge funds own 30.73% of the company’s stock.

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.