abrdn plc Has $720,000 Stock Holdings in Sapiens International Co. (NASDAQ:SPNS)

abrdn plc increased its position in Sapiens International Co. (NASDAQ:SPNSGet Rating) by 10.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,349 shares of the technology company’s stock after purchasing an additional 2,781 shares during the quarter. abrdn plc owned approximately 0.05% of Sapiens International worth $720,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Sapiens International by 4.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 595,484 shares of the technology company’s stock valued at $15,120,000 after purchasing an additional 23,839 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Sapiens International by 7.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 484,837 shares of the technology company’s stock valued at $16,703,000 after purchasing an additional 32,530 shares during the period. Crawford Investment Counsel Inc. raised its holdings in shares of Sapiens International by 0.5% in the 4th quarter. Crawford Investment Counsel Inc. now owns 214,145 shares of the technology company’s stock valued at $7,377,000 after purchasing an additional 1,030 shares during the period. Meitav Dash Investments Ltd. raised its holdings in shares of Sapiens International by 3.5% in the 4th quarter. Meitav Dash Investments Ltd. now owns 208,590 shares of the technology company’s stock valued at $7,190,000 after purchasing an additional 6,989 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Sapiens International by 4.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 159,385 shares of the technology company’s stock valued at $5,491,000 after purchasing an additional 6,303 shares during the period. 30.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on SPNS shares. StockNews.com cut shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 21st. William Blair reissued a “market perform” rating on shares of Sapiens International in a report on Tuesday, May 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Sapiens International has an average rating of “Hold” and an average target price of $33.67.

Sapiens International Stock Down 3.3 %

Shares of SPNS opened at $24.56 on Wednesday. Sapiens International Co. has a 12 month low of $20.00 and a 12 month high of $38.32. The firm’s 50 day moving average is $24.42 and its 200-day moving average is $25.96. The stock has a market capitalization of $1.35 billion, a PE ratio of 26.41 and a beta of 1.29. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.14.

Sapiens International (NASDAQ:SPNSGet Rating) last announced its earnings results on Tuesday, May 3rd. The technology company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. Sapiens International had a net margin of 10.93% and a return on equity of 16.14%. The company had revenue of $117.70 million for the quarter, compared to analysts’ expectations of $117.21 million. During the same period last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts forecast that Sapiens International Co. will post 1.17 EPS for the current year.

About Sapiens International

(Get Rating)

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, the European Union, the United Kingdom, Israel, and internationally. The company offers Sapiens CoreSuite and Sapiens IDITSuite for personal, commercial, and specialty lines; and Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster for life, pension, and annuities.

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Institutional Ownership by Quarter for Sapiens International (NASDAQ:SPNS)

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