Zions Bancorporation N.A. Increases Position in Sapiens International Co. (NASDAQ:SPNS)

Zions Bancorporation N.A. increased its position in shares of Sapiens International Co. (NASDAQ:SPNS) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,830 shares of the technology company’s stock after acquiring an additional 9,828 shares during the period. Zions Bancorporation N.A.’s holdings in Sapiens International were worth $1,823,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of SPNS. LPL Financial LLC grew its holdings in shares of Sapiens International by 17.0% in the fourth quarter. LPL Financial LLC now owns 68,255 shares of the technology company’s stock valued at $1,742,000 after purchasing an additional 9,917 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of Sapiens International by 653.3% during the fourth quarter. Quantbot Technologies LP now owns 10,614 shares of the technology company’s stock worth $285,000 after buying an additional 9,205 shares during the period. Royce & Associates LP raised its holdings in shares of Sapiens International by 65.7% in the 4th quarter. Royce & Associates LP now owns 932,703 shares of the technology company’s stock valued at $25,062,000 after purchasing an additional 369,947 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Sapiens International by 28.6% during the 4th quarter. HighTower Advisors LLC now owns 8,108 shares of the technology company’s stock worth $218,000 after purchasing an additional 1,801 shares during the last quarter. Finally, Seizert Capital Partners LLC grew its stake in shares of Sapiens International by 47.8% during the fourth quarter. Seizert Capital Partners LLC now owns 189,365 shares of the technology company’s stock worth $5,088,000 after purchasing an additional 61,200 shares in the last quarter. 30.73% of the stock is currently owned by hedge funds and other institutional investors.

Sapiens International Stock Down 0.6 %

Sapiens International stock opened at $27.29 on Wednesday. The company has a market capitalization of $1.53 billion, a P/E ratio of 21.16 and a beta of 1.16. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.18 and a current ratio of 2.24. Sapiens International Co. has a fifty-two week low of $25.01 and a fifty-two week high of $41.22. The stock has a 50-day simple moving average of $27.07 and a 200-day simple moving average of $30.20.

Sapiens International (NASDAQ:SPNS) last issued its quarterly earnings data 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 firm had revenue of $134.31 million during the quarter, compared to analysts’ expectations of $135.89 million. Sapiens International had a net margin of 13.31% and a return on equity of 17.42%. Equities research analysts expect that Sapiens International Co. will post 1.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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