ETF Managers Group LLC decreased its position in shares of Sapiens International Co. (NASDAQ:SPNS) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,806 shares of the technology company’s stock after selling 993 shares during the period. ETF Managers Group LLC owned approximately 0.06% of Sapiens International worth $467,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Sapiens International by 64.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,012 shares of the technology company’s stock valued at $44,000 after acquiring an additional 1,574 shares during the last quarter. BlackRock Inc. bought a new position in Sapiens International during the fourth quarter valued at $52,000. 1492 Capital Management LLC bought a new position in Sapiens International during the fourth quarter valued at $159,000. Altshuler Shaham Ltd bought a new position in shares of Sapiens International in the fourth quarter worth about $246,000. Finally, Monarch Partners Asset Management LLC bought a new position in shares of Sapiens International in the fourth quarter worth about $265,000.
A number of research firms have recently commented on SPNS. Zacks Investment Research cut shares of Sapiens International from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Barclays restated a “hold” rating and issued a $14.50 price target on shares of Sapiens International in a report on Wednesday, February 27th. Finally, BidaskClub cut shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $15.17.
Shares of SPNS stock traded down $0.22 during mid-day trading on Friday, hitting $16.34. 55,992 shares of the stock traded hands, compared to its average volume of 97,110. The firm has a market cap of $821.87 million and a price-to-earnings ratio of 30.83. Sapiens International Co. has a 52-week low of $9.53 and a 52-week high of $17.41. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.45 and a current ratio of 1.45.
Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Monday, May 6th. The technology company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The business had revenue of $76.79 million during the quarter, compared to analyst estimates of $75.69 million. Sapiens International had a net margin of 5.45% and a return on equity of 14.01%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. As a group, equities analysts predict that Sapiens International Co. will post 0.66 earnings per share for the current fiscal year.
About Sapiens International
Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, Europe, the Asia Pacific, and South Africa. The company offers software platform and solutions for personal, commercial, and specialty lines, as well as reinsurance and workers' compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster.
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