Sapiens International Co. (NASDAQ:SPNS) Stock Holdings Lifted by Torray Investment Partners LLC

Torray Investment Partners LLC lifted its position in Sapiens International Co. (NASDAQ:SPNS) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,669 shares of the technology company’s stock after acquiring an additional 1,206 shares during the period. Torray Investment Partners LLC owned about 0.09% of Sapiens International worth $1,361,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. National Bank of Canada FI purchased a new position in shares of Sapiens International in the third quarter worth approximately $26,000. Blue Trust Inc. grew its position in Sapiens International by 171.2% during the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock valued at $36,000 after purchasing an additional 856 shares in the last quarter. MQS Management LLC purchased a new position in Sapiens International during the third quarter valued at approximately $230,000. HighTower Advisors LLC purchased a new position in Sapiens International during the third quarter valued at approximately $231,000. Finally, Morgan Dempsey Capital Management LLC grew its position in Sapiens International by 8.8% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 6,635 shares of the technology company’s stock valued at $178,000 after purchasing an additional 539 shares in the last quarter. 30.73% of the stock is owned by hedge funds and other institutional investors.

Sapiens International Price Performance

NASDAQ SPNS opened at $27.18 on Tuesday. The company has a quick ratio of 2.18, a current ratio of 2.24 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.52 billion, a PE ratio of 21.07 and a beta of 1.16. The company has a 50 day moving average price of $26.73 and a two-hundred day moving average price of $31.21. Sapiens International Co. has a 12-month low of $25.01 and a 12-month high of $41.22.

Sapiens International (NASDAQ:SPNS) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. The business had revenue of $134.31 million during the quarter, compared to analyst estimates of $135.89 million. As a group, equities analysts predict that Sapiens International Co. will post 1.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SPNS has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded shares of Sapiens International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $36.00 to $28.00 in a research report on Monday, February 3rd. Barclays lowered their price objective on shares of Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. William Blair reaffirmed a “market perform” rating on shares of Sapiens International in a research report on Friday, December 6th. StockNews.com downgraded shares of Sapiens International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $35.00 target price on shares of Sapiens International in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sapiens International currently has a consensus rating of “Hold” and an average target price of $33.50.

Sapiens International Company 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.