Sapiens International (NASDAQ:SPNS) Shares Gap Down – Should You Sell?

Shares of Sapiens International Co. (NASDAQ:SPNS) gapped down before the market opened on Monday . The stock had previously closed at $27.36, but opened at $25.47. Sapiens International shares last traded at $26.09, with a volume of 71,257 shares changing hands.

Analyst Ratings Changes

A number of research firms recently weighed in on SPNS. Jefferies Financial Group cut Sapiens International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $36.00 to $28.00 in a report on Monday. StockNews.com lowered Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Needham & Company LLC reduced their price objective on shares of Sapiens International from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Barclays decreased their price objective on shares of Sapiens International from $38.00 to $30.00 and set an “underweight” rating on the stock in a report on Tuesday, November 12th. Finally, William Blair restated a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. One research 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.00.

Sapiens International Stock Up 1.5 %

The firm has a market cap of $1.49 billion, a PE ratio of 21.02 and a beta of 1.16. The business has a 50-day moving average price of $26.97 and a two-hundred day moving average price of $32.45. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.04.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Monday, November 11th. The technology company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $137.00 million during the quarter, compared to analyst estimates of $140.10 million. Sapiens International had a net margin of 13.23% and a return on equity of 17.61%. Sapiens International’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. On average, equities research analysts expect that Sapiens International Co. will post 1.42 EPS for the current year.

Hedge Funds Weigh In On Sapiens International

A number of institutional investors have recently modified their holdings of the business. AQR Capital Management LLC purchased a new position in Sapiens International in the 2nd quarter valued at $258,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Sapiens International by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 11,328 shares of the technology company’s stock valued at $384,000 after acquiring an additional 569 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Sapiens International during the third quarter worth about $584,000. Annex Advisory Services LLC raised its holdings in Sapiens International by 27.7% during the third quarter. Annex Advisory Services LLC now owns 49,242 shares of the technology company’s stock worth $1,835,000 after purchasing an additional 10,681 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Sapiens International by 12.0% during the third quarter. Assenagon Asset Management S.A. now owns 112,020 shares of the technology company’s stock worth $4,162,000 after purchasing an additional 12,031 shares in the last quarter. 30.73% of the stock is owned by institutional investors and hedge funds.

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.