Sapiens International (NASDAQ:SPNS) Now Covered by Analysts at The Goldman Sachs Group


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The Goldman Sachs Group assumed coverage on shares of Sapiens International (NASDAQ:SPNS) in a research report sent to investors on Wednesday morning, AR Network reports. The firm issued a neutral rating and a $35.00 target price on the technology company’s stock.

A number of other research firms have also commented on SPNS. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on Sapiens International in a research report on Tuesday, December 22nd. They set a buy rating and a $33.00 price target on the stock. Zacks Investment Research raised Sapiens International from a hold rating to a buy rating and set a $33.00 target price on the stock in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. assumed coverage on Sapiens International in a research report on Monday, October 26th. They issued an overweight rating and a $40.00 target price on the stock. Finally, Smith Barney Citigroup assumed coverage on Sapiens International in a research report on Tuesday, December 22nd. They issued a buy rating and a $33.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $33.86.

SPNS traded down $0.47 during midday trading on Wednesday, reaching $31.01. 1,213 shares of the company were exchanged, compared to its average volume of 154,713. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.61 and a current ratio of 1.61. Sapiens International has a one year low of $13.55 and a one year high of $35.23. The stock has a market capitalization of $1.57 billion, a P/E ratio of 53.36, a PEG ratio of 6.37 and a beta of 1.35. The stock’s 50-day simple moving average is $29.50 and its 200 day simple moving average is $29.95.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings results on Thursday, November 5th. The technology company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. The company had revenue of $97.60 million for the quarter, compared to analyst estimates of $96.32 million. Sapiens International had a return on equity of 18.94% and a net margin of 8.60%. Sapiens International’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. On average, research analysts anticipate that Sapiens International will post 0.9 earnings per share for the current year.

Several large investors have recently bought and sold shares of SPNS. Bank of New York Mellon Corp acquired a new position in shares of Sapiens International during the 2nd quarter worth approximately $1,885,000. Goldman Sachs Group Inc. bought a new stake in Sapiens International in the 2nd quarter valued at $552,000. American International Group Inc. bought a new stake in Sapiens International in the 2nd quarter valued at $438,000. Bank of Montreal Can bought a new stake in Sapiens International in the 2nd quarter valued at $196,000. Finally, Vanguard Group Inc. boosted its stake in Sapiens International by 16.5% in the 2nd quarter. Vanguard Group Inc. now owns 767,793 shares of the technology company’s stock valued at $21,483,000 after purchasing an additional 108,676 shares during the period. 21.65% of the stock is currently owned by hedge funds and other institutional investors.

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 Sapiens CoreSuite and Sapiens IDITSuite for personal, commercial, and specialty lines, as well as reinsurance and workers' compensation; and Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster for life, pension, and annuities.

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Analyst Recommendations for Sapiens International (NASDAQ:SPNS)

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