Sapiens International (NASDAQ:SPNS) Rating Lowered to Hold at Jefferies Financial Group

Sapiens International (NASDAQ:SPNS) was downgraded by investment analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. They presently have a $28.00 price objective on the technology company’s stock, down from their prior price objective of $36.00. Jefferies Financial Group’s price objective points to a potential upside of 2.34% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Needham & Company LLC reduced their price target on Sapiens International from $44.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Barclays reduced their price target on Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. Finally, StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $34.00.

Sapiens International Stock Performance

Shares of NASDAQ:SPNS opened at $27.36 on Monday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 21.54 and a beta of 1.16. Sapiens International has a 52 week low of $25.01 and a 52 week high of $41.22. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $27.00 and a 200 day moving average of $32.63.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $137.00 million during the quarter, compared to the consensus estimate of $140.10 million. Sapiens International had a return on equity of 17.61% and a net margin of 13.23%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.32 EPS. On average, sell-side analysts predict that Sapiens International will post 1.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sapiens International

Hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Sapiens International by 6.5% in the fourth quarter. Principal Financial Group Inc. now owns 10,400 shares of the technology company’s stock valued at $279,000 after purchasing an additional 633 shares during the last quarter. Blue Trust Inc. boosted its holdings in Sapiens International by 171.2% in the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock valued at $36,000 after purchasing an additional 856 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in Sapiens International by 13.9% in the fourth quarter. Y.D. More Investments Ltd now owns 234,297 shares of the technology company’s stock valued at $6,338,000 after purchasing an additional 28,512 shares during the last quarter. Annex Advisory Services LLC boosted its holdings in Sapiens International by 47.2% in the fourth quarter. Annex Advisory Services LLC now owns 72,491 shares of the technology company’s stock valued at $1,948,000 after purchasing an additional 23,249 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Sapiens International by 22.6% in the third quarter. JPMorgan Chase & Co. now owns 177,878 shares of the technology company’s stock valued at $6,630,000 after purchasing an additional 32,780 shares during the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

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.