Sapiens International (NASDAQ:SPNS) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Sapiens International (NASDAQ:SPNS) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $35.00 price target on the technology company’s stock.

SPNS has been the subject of a number of other reports. Barclays dropped their target price on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th. StockNews.com cut Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Jefferies Financial Group lowered Sapiens International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. Finally, William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $33.50.

Sapiens International Price Performance

Shares of Sapiens International stock opened at $28.34 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.18 and a quick ratio of 2.18. Sapiens International has a one year low of $25.01 and a one year high of $41.22. The business’s 50 day simple moving average is $26.77 and its two-hundred day simple moving average is $31.57. The stock has a market capitalization of $1.58 billion, a P/E ratio of 22.32 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 analysts’ expectations of $135.89 million. Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. Analysts forecast that Sapiens International will post 1.42 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Sapiens International by 8.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 37,851 shares of the technology company’s stock valued at $1,017,000 after purchasing an additional 3,016 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Sapiens International during the fourth quarter valued at $310,000. Two Sigma Investments LP boosted its holdings in shares of Sapiens International by 34.8% during the 4th quarter. Two Sigma Investments LP now owns 10,046 shares of the technology company’s stock valued at $270,000 after buying an additional 2,594 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Sapiens International in the 4th quarter worth about $296,000. Finally, ProShare Advisors LLC increased its stake in shares of Sapiens International by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 8,668 shares of the technology company’s stock worth $233,000 after acquiring an additional 2,851 shares in the last quarter. Hedge funds and other institutional investors own 30.73% of the company’s stock.

About Sapiens International

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.