Sapiens International Corporation N.V. $SPNS Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) by 95.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,597 shares of the technology company’s stock after selling 113,994 shares during the quarter. Voya Investment Management LLC’s holdings in Sapiens International were worth $241,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Sapiens International by 73.1% during the 2nd quarter. GAMMA Investing LLC now owns 919 shares of the technology company’s stock worth $27,000 after acquiring an additional 388 shares in the last quarter. CWM LLC boosted its position in shares of Sapiens International by 262.5% in the 2nd quarter. CWM LLC now owns 1,526 shares of the technology company’s stock valued at $45,000 after purchasing an additional 1,105 shares during the period. Tower Research Capital LLC TRC raised its holdings in Sapiens International by 333.5% during 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 period. Quantbot Technologies LP raised its holdings in Sapiens International by 14.3% during the 2nd quarter. Quantbot Technologies LP now owns 6,256 shares of the technology company’s stock worth $183,000 after buying an additional 782 shares during the period. Finally, Morgan Dempsey Capital Management LLC boosted its holdings in shares of Sapiens International by 41.8% in the second quarter. Morgan Dempsey Capital Management LLC now owns 6,636 shares of the technology company’s stock worth $194,000 after buying an additional 1,956 shares during the period. Institutional investors own 30.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Sapiens International in a report on Monday, December 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $31.33.

Sapiens International Stock Up 0.0%

Shares of NASDAQ:SPNS opened at $43.45 on Tuesday. Sapiens International Corporation N.V. has a 12-month low of $23.69 and a 12-month high of $43.52. The firm has a fifty day moving average of $43.28 and a two-hundred day moving average of $39.33. The firm has a market capitalization of $2.43 billion, a P/E ratio of 38.11 and a beta of 0.89.

Sapiens International (NASDAQ:SPNS) last issued its earnings results on Thursday, November 13th. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Sapiens International had a return on equity of 16.08% and a net margin of 11.40%.The firm had revenue of $152.32 million for the quarter, compared to the consensus estimate of $148.23 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts expect that Sapiens International Corporation N.V. will post 1.42 earnings per share for the current fiscal year.

Sapiens International Company Profile

Sapiens International Corporation is a leading global provider of software solutions for the insurance industry. The company offers core platforms for property and casualty (P&C), life insurance and annuities, and reinsurance, alongside digital and analytics tools that help carriers streamline operations, enhance customer engagement and accelerate product launches. Its modular architecture covers policy administration, billing, claims management, distribution and risk management, supporting both traditional and emerging lines of business.

Founded in 1982 and headquartered in Holon, Israel, Sapiens serves insurers, reinsurers and brokers in more than 30 countries across North America, Europe, Latin America and Asia-Pacific.