Sapiens International Co. (NASDAQ:SPNS) Declares Dividend Increase – $0.66 Per Share

Sapiens International Co. (NASDAQ:SPNS) declared a dividend on Tuesday, March 25th, NASDAQ Dividends reports. Investors of record on Monday, April 7th will be given a dividend of 0.66 per share by the technology company on Wednesday, April 16th. The ex-dividend date of this dividend is Monday, April 7th. This is a 200.0% increase from Sapiens International’s previous dividend of $0.22.

Sapiens International has raised its dividend by an average of 15.5% per year over the last three years. Sapiens International has a payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Sapiens International to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 36.5%.

Sapiens International Stock Performance

NASDAQ:SPNS traded up $0.31 during trading hours on Thursday, hitting $27.68. 136,802 shares of the company traded hands, compared to its average volume of 149,867. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. Sapiens International has a twelve month low of $25.01 and a twelve month high of $41.22. The firm has a 50-day moving average of $27.14 and a 200 day moving average of $30.17. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 21.46 and a beta of 1.16.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Tuesday, February 18th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $134.31 million during the quarter, compared to the consensus estimate of $135.89 million. Sapiens International had a return on equity of 17.42% and a net margin of 13.31%. On average, analysts forecast that Sapiens International will post 1.42 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays reduced their target price on Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. William Blair restated a “market perform” rating on shares of Sapiens International in a report on Friday, December 6th. Jefferies Financial Group cut Sapiens International from a “buy” rating to a “hold” rating and cut their price target for the company from $36.00 to $28.00 in a report on Monday, February 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $35.00 price objective on shares of Sapiens International in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.50.

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.