Allspring Global Investments Holdings LLC Decreases Stock Position in Sapiens International Co. (NASDAQ:SPNS)

Allspring Global Investments Holdings LLC decreased its position in shares of Sapiens International Co. (NASDAQ:SPNS) by 72.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,952 shares of the technology company’s stock after selling 54,979 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Sapiens International were worth $606,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SPNS. Meeder Asset Management Inc. purchased a new position in shares of Sapiens International during the 4th quarter valued at approximately $25,000. Morgan Dempsey Capital Management LLC grew its holdings in Sapiens International by 37.2% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 3,841 shares of the technology company’s stock worth $109,000 after acquiring an additional 1,041 shares in the last quarter. SG Americas Securities LLC acquired a new position in Sapiens International during the 3rd quarter worth $133,000. MQS Management LLC acquired a new stake in shares of Sapiens International in the 3rd quarter valued at about $225,000. Finally, Principal Financial Group Inc. bought a new position in shares of Sapiens International during the third quarter worth about $254,000. Institutional investors and hedge funds own 30.73% of the company’s stock.

Sapiens International Stock Performance

Shares of NASDAQ SPNS opened at $31.12 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $30.73 and its two-hundred day moving average price is $28.23. Sapiens International Co. has a 52-week low of $19.91 and a 52-week high of $35.33. The stock has a market capitalization of $1.72 billion, a P/E ratio of 27.79 and a beta of 1.16.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Sapiens International had a return on equity of 16.92% and a net margin of 12.14%. The business had revenue of $130.86 million for the quarter, compared to analysts’ expectations of $130.85 million. During the same period in the prior year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts forecast that Sapiens International Co. will post 1.37 earnings per share for the current year.

Sapiens International Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, April 18th. Stockholders of record on Friday, April 5th were issued a dividend of $0.28 per share. This is an increase from Sapiens International’s previous Semi-Annual dividend of $0.26. The ex-dividend date of this dividend was Thursday, April 4th. This represents a dividend yield of 1.7%. Sapiens International’s payout ratio is 50.00%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SPNS shares. The Goldman Sachs Group upped their price objective on Sapiens International from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Barclays upped their price target on Sapiens International from $28.00 to $30.00 and gave the company an “underweight” rating in a research report on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sapiens International currently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

Sapiens International Profile

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.