Sapiens International (NASDAQ:SPNS) Hits New 1-Year High – Here’s What Happened

Shares of Sapiens International Corporation N.V. (NASDAQ:SPNS) hit a new 52-week high during trading on Monday . The stock traded as high as $43.52 and last traded at $43.4750, with a volume of 23439 shares traded. The stock had previously closed at $43.47.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Sapiens International in a report on Monday, December 8th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Sapiens International presently has a consensus rating of “Hold” and a consensus target price of $31.33.

Sapiens International Trading Down 0.0%

The firm has a market cap of $2.43 billion, a PE ratio of 38.12 and a beta of 0.89. The stock’s 50 day moving average price is $43.15 and its 200 day moving average price is $37.69.

Sapiens International (NASDAQ:SPNS) last released its quarterly earnings data on Thursday, November 13th. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. Sapiens International had a return on equity of 16.08% and a net margin of 11.40%.The company had revenue of $152.32 million for the quarter, compared to analyst estimates of $148.23 million. During the same period last year, the company posted $0.37 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. Analysts forecast that Sapiens International Corporation N.V. will post 1.42 earnings per share for the current year.

Institutional Investors Weigh In On Sapiens International

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Sapiens International by 73.1% in the 2nd quarter. GAMMA Investing LLC now owns 919 shares of the technology company’s stock worth $27,000 after buying an additional 388 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Sapiens International by 2,945.2% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 944 shares of the technology company’s stock valued at $41,000 after purchasing an additional 913 shares in the last quarter. CWM LLC raised its position in shares of Sapiens International by 262.5% in the 2nd quarter. CWM LLC now owns 1,526 shares of the technology company’s stock valued at $45,000 after purchasing an additional 1,105 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Sapiens International during the 3rd quarter valued at approximately $107,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Sapiens International during the third quarter worth approximately $112,000. 30.73% of the stock is owned by institutional investors and hedge funds.

About Sapiens International

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.