Schwartz Investment Counsel Inc. Trims Stock Position in Sapiens International Corporation N.V. $SPNS

Schwartz Investment Counsel Inc. trimmed its stake in Sapiens International Corporation N.V. (NASDAQ:SPNS) by 53.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,252 shares of the technology company’s stock after selling 30,200 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Sapiens International were worth $1,129,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in Sapiens International by 73.1% during the 2nd quarter. GAMMA Investing LLC now owns 919 shares of the technology company’s stock worth $27,000 after purchasing an additional 388 shares during the period. Lazard Asset Management LLC increased its position in shares of Sapiens International by 1.0% in the 2nd quarter. Lazard Asset Management LLC now owns 44,125 shares of the technology company’s stock worth $1,290,000 after purchasing an additional 439 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in Sapiens International by 1.0% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 49,422 shares of the technology company’s stock worth $1,446,000 after buying an additional 512 shares during the last quarter. Invesco Ltd. boosted its holdings in Sapiens International by 2.2% in the second quarter. Invesco Ltd. now owns 27,217 shares of the technology company’s stock worth $796,000 after purchasing an additional 582 shares during the period. Finally, Quantbot Technologies LP grew its position in shares of Sapiens International by 14.3% during the 2nd quarter. Quantbot Technologies LP now owns 6,256 shares of the technology company’s stock valued at $183,000 after buying an additional 782 shares during the last quarter. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Sapiens International in a report on Monday, December 8th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.33.

Sapiens International Stock Performance

Shares of NASDAQ:SPNS opened at $43.45 on Monday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 38.11 and a beta of 0.89. Sapiens International Corporation N.V. has a 1-year low of $23.69 and a 1-year high of $43.52. The company has a 50 day moving average price of $43.34 and a 200 day moving average price of $40.24.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Thursday, November 13th. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $152.32 million during the quarter, compared to the consensus estimate of $148.23 million. Sapiens International had a return on equity of 16.08% and a net margin of 11.40%.The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 EPS. On average, sell-side analysts expect that Sapiens International Corporation N.V. will post 1.42 EPS for the current fiscal year.

Sapiens International Profile

Sapiens International Corporation is a leading global provider of software solutions for the insurance industry. The company offers core platforms for property and casualty (P&C), life insurance and annuities, and reinsurance, alongside digital and analytics tools that help carriers streamline operations, enhance customer engagement and accelerate product launches. Its modular architecture covers policy administration, billing, claims management, distribution and risk management, supporting both traditional and emerging lines of business.

Founded in 1982 and headquartered in Holon, Israel, Sapiens serves insurers, reinsurers and brokers in more than 30 countries across North America, Europe, Latin America and Asia-Pacific.