Sapiens International Co. (NASDAQ:SPNS) Stake Increased by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC grew its holdings in Sapiens International Co. (NASDAQ:SPNS) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,635 shares of the technology company’s stock after purchasing an additional 539 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Sapiens International were worth $178,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. National Bank of Canada FI acquired a new position in shares of Sapiens International in the third quarter worth $26,000. Blue Trust Inc. increased its stake in shares of Sapiens International by 171.2% in the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company’s stock worth $36,000 after acquiring an additional 856 shares during the last quarter. MQS Management LLC acquired a new position in shares of Sapiens International in the third quarter worth $230,000. HighTower Advisors LLC acquired a new position in shares of Sapiens International in the third quarter worth $231,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Sapiens International in the fourth quarter worth $262,000. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Sapiens International Stock Performance

NASDAQ:SPNS opened at $27.55 on Friday. Sapiens International Co. has a 1 year low of $25.01 and a 1 year high of $41.22. The firm has a 50 day moving average of $26.73 and a 200-day moving average of $31.26. The company has a current ratio of 2.24, a quick ratio of 2.18 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.54 billion, a P/E ratio of 21.36 and a beta of 1.16.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SPNS shares. Barclays dropped their price target on shares of Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Needham & Company LLC reissued a “buy” rating and set a $35.00 target price on shares of Sapiens International in a research report on Wednesday, February 19th. William Blair reissued 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, Jefferies Financial Group downgraded shares of Sapiens International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $36.00 to $28.00 in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sapiens International presently has a consensus rating of “Hold” and a consensus price target of $33.50.

About Sapiens International

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.