Nine Ten Capital Management LLC Has $28.87 Million Holdings in Sapiens International Co. (NASDAQ:SPNS)

Nine Ten Capital Management LLC boosted its stake in shares of Sapiens International Co. (NASDAQ:SPNS) by 17.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,074,291 shares of the technology company’s stock after acquiring an additional 155,880 shares during the period. Sapiens International accounts for about 8.2% of Nine Ten Capital Management LLC’s portfolio, making the stock its 6th biggest position. Nine Ten Capital Management LLC owned about 1.92% of Sapiens International worth $28,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in Sapiens International by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,077,821 shares of the technology company’s stock worth $28,961,000 after purchasing an additional 32,126 shares during the period. First Trust Advisors LP raised its position in shares of Sapiens International by 41.7% in the 4th quarter. First Trust Advisors LP now owns 58,823 shares of the technology company’s stock valued at $1,581,000 after buying an additional 17,304 shares in the last quarter. Altshuler Shaham Ltd lifted its holdings in shares of Sapiens International by 135.1% during the 4th quarter. Altshuler Shaham Ltd now owns 38,739 shares of the technology company’s stock worth $1,048,000 after acquiring an additional 22,262 shares during the period. Jump Financial LLC acquired a new stake in shares of Sapiens International during the 4th quarter worth approximately $245,000. Finally, Mariner LLC increased its stake in Sapiens International by 65.8% in the fourth quarter. Mariner LLC now owns 15,641 shares of the technology company’s stock valued at $420,000 after acquiring an additional 6,206 shares during the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPNS has been the subject of several recent analyst reports. Barclays cut their target price on Sapiens International from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Jefferies Financial Group downgraded Sapiens International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Sapiens International in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.50.

Sapiens International Trading Down 0.2 %

NASDAQ SPNS opened at $25.99 on Friday. The business’s fifty day moving average is $26.98 and its 200 day moving average is $29.04. Sapiens International Co. has a twelve month low of $23.69 and a twelve month high of $41.22. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 20.15 and a beta of 1.10. The company has a quick ratio of 2.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.36 earnings per share (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 firm had revenue of $134.31 million during the quarter, compared to analyst estimates of $135.89 million. As a group, sell-side analysts expect that Sapiens International Co. will post 1.42 EPS for the current fiscal year.

Sapiens International Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th were given a $0.66 dividend. This represents a dividend yield of 2.2%. The ex-dividend date was Monday, April 7th. This is a positive change from Sapiens International’s previous semi-annual dividend of $0.22. Sapiens International’s payout ratio is 46.51%.

Sapiens International 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.