Published On: Tue, Sep 6th, 2016

Sapiens International Corp. (SPNS) Stock Rating Lowered by Zacks Investment Research

Sapiens International Corp. (NASDAQ:SPNS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
According to Zacks, “SAPIENS INTL NV is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Serving as consultants and advisors, Sapiens works with companies to analyze their current systems and develop a blueprint for aligning technology with business goals. The company focuses on delivering innovative solutions that allow companies to build on existing IT assets. “
Several other research analysts have also weighed in on the company. Roth Capital reissued a “sell” rating and issued a $11.00 price objective on shares of Sapiens International Corp. in a research report on Wednesday, May 11th. Barclays PLC lifted their price objective on Sapiens International Corp. from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.50.

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Sapiens International Corp. (NASDAQ:SPNS) opened at 13.72 on Tuesday. The company’s 50-day moving average price is $13.15 and its 200 day moving average price is $12.18. The firm has a market capitalization of $671.57 million and a PE ratio of 32.13. Sapiens International Corp. has a 12 month low of $8.93 and a 12 month high of $14.13.
Sapiens International Corp. (NASDAQ:SPNS) last announced its earnings results on Thursday, August 4th. The company reported $0.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The company had revenue of $53 million for the quarter, compared to analyst estimates of $50.78 million. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share. On average, equities research analysts predict that Sapiens International Corp. will post $0.49 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in shares of Sapiens International Corp. by 17.2% in the first quarter. Royal Bank of Canada now owns 432,930 shares of the company’s stock worth $5,187,000 after buying an additional 63,485 shares during the last quarter. State Street Corp raised its stake in shares of Sapiens International Corp. by 13.4% in the first quarter. State Street Corp now owns 317,632 shares of the company’s stock worth $3,811,000 after buying an additional 37,625 shares during the last quarter. Avalon Advisors LLC purchased a new stake in shares of Sapiens International Corp. during the first quarter worth approximately $405,000. Acrospire Investment Management LLC purchased a new stake in shares of Sapiens International Corp. during the first quarter worth approximately $183,000. Finally, Bank of Montreal Can purchased a new stake in shares of Sapiens International Corp. during the second quarter worth approximately $144,000.
Sapiens International Corporation N.V. (Sapiens) is a provider of software solutions for the insurance industry, with a focus on the financial services sector. The Company operates in provider of software solutions segment. Its software solutions portfolio consists of Life, Pension, Annuity and Retirement Solutions, including software solutions for the management of a range of products for life, pension, annuity and retirement; Property and Casualty/General Insurance Solutions, including a software suite of solutions, supporting a range of business lines, including personal, commercial and specialty lines, as well as a solution for the management of reinsurance contracts; Sapiens DECISION, which is a business decision management solution, and Technology-Based Solutions, such as Sapiens eMerge.
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