88,655 Shares in Sapiens International Co. (NASDAQ:SPNS) Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC acquired a new stake in Sapiens International Co. (NASDAQ:SPNS – Get Rating) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 88,655 shares of the technology company’s stock, valued at approximately $1,700,000.

Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Sapiens International in the 2nd quarter valued at about $102,000. FinTrust Capital Advisors LLC lifted its position in shares of Sapiens International by 51.4% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 4,210 shares of the technology company’s stock worth $109,000 after purchasing an additional 1,430 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Sapiens International by 21.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,046 shares of the technology company’s stock worth $170,000 after purchasing an additional 1,253 shares during the period. USS Investment Management Ltd purchased a new stake in shares of Sapiens International in the 1st quarter worth approximately $22,861,000. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of Sapiens International in the 1st quarter worth approximately $228,000. 23.42% of the stock is owned by hedge funds and other institutional investors.

Sapiens International Trading Up 2.3 %

NASDAQ SPNS opened at $21.51 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.19 billion, a PE ratio of 22.64 and a beta of 1.27. The company has a 50 day moving average price of $19.22 and a 200 day moving average price of $20.63. Sapiens International Co. has a 52 week low of $16.18 and a 52 week high of $32.54.

Sapiens International (NASDAQ:SPNS – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. Sapiens International had a net margin of 11.15% and a return on equity of 15.95%. The business had revenue of $119.00 million for the quarter, compared to analyst estimates of $121.90 million. As a group, sell-side analysts forecast that Sapiens International Co. will post 1.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SPNS shares. Needham & Company LLC lowered their price target on shares of Sapiens International from $30.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, November 4th. JPMorgan Chase & Co. started coverage on shares of Sapiens International in a research report on Thursday, December 1st. They issued an “underweight” rating and a $20.00 price target for the company. TheStreet lowered shares of Sapiens International from a “b-” rating to a “c+” rating in a research note on Wednesday, October 5th. Finally, StockNews.com lowered shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Sapiens International presently has a consensus rating of “Hold” and an average target price of $22.33.

Sapiens International Company Profile

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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.