Sapiens International (NASDAQ:SPNS) Stock Rating Lowered by Zacks Investment Research

Sapiens International (NASDAQ:SPNS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Saturday, Zacks.com reports.

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. “

Separately, BidaskClub downgraded American Superconductor from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Sapiens International currently has an average rating of “Hold” and an average target price of $15.83.

Shares of SPNS opened at $16.48 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.42. The firm’s 50-day simple moving average is $16.18. Sapiens International has a 12-month low of $10.00 and a 12-month high of $17.41.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings results on Monday, May 6th. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The firm had revenue of $76.79 million during the quarter, compared to the consensus estimate of $75.69 million. Sapiens International had a return on equity of 14.01% and a net margin of 5.45%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS. On average, equities analysts forecast that Sapiens International will post 0.66 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Sapiens International in the 4th quarter worth approximately $52,000. 1492 Capital Management LLC bought a new stake in Sapiens International in the 4th quarter worth approximately $159,000. Seizert Capital Partners LLC bought a new stake in Sapiens International in the 1st quarter worth approximately $371,000. Cavalier Investments LLC bought a new stake in Sapiens International in the 1st quarter worth approximately $371,000. Finally, Monarch Partners Asset Management LLC lifted its position in Sapiens International by 49.2% in the 1st quarter. Monarch Partners Asset Management LLC now owns 35,856 shares of the technology company’s stock worth $548,000 after buying an additional 11,825 shares during the last quarter.

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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