Semanteon Capital Management LP Invests $281,000 in Sapiens International Co. (NASDAQ:SPNS)

Semanteon Capital Management LP acquired a new position in shares of Sapiens International Co. (NASDAQ:SPNS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,723 shares of the technology company’s stock, valued at approximately $281,000.

A number of other hedge funds have also modified their holdings of the business. Van ECK Associates Corp increased its stake in shares of Sapiens International by 6.8% during the 3rd quarter. Van ECK Associates Corp now owns 9,787 shares of the technology company’s stock worth $278,000 after purchasing an additional 623 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Sapiens International by 2.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 27,580 shares of the technology company’s stock worth $784,000 after purchasing an additional 635 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Sapiens International during the 4th quarter worth approximately $25,000. Morgan Dempsey Capital Management LLC increased its stake in shares of 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 purchasing an additional 1,041 shares in the last quarter. Finally, Torray Investment Partners LLC increased its stake in shares of Sapiens International by 3.7% during the 3rd quarter. Torray Investment Partners LLC now owns 43,173 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 1,556 shares in the last quarter. 30.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Sapiens International Stock Up 0.6 %

Shares of SPNS opened at $31.30 on Friday. The firm has a market cap of $1.73 billion, a PE ratio of 27.95 and a beta of 1.16. The company’s fifty day moving average is $30.82 and its two-hundred day moving average is $28.28. Sapiens International Co. has a fifty-two week low of $19.91 and a fifty-two week high of $35.33. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.09.

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, beating analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $130.86 million for the quarter, compared to analyst estimates of $130.85 million. Sapiens International had a net margin of 12.14% and a return on equity of 16.92%. Sapiens International’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. Analysts forecast that Sapiens International Co. will post 1.37 earnings per share for the current year.

Sapiens International Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, April 18th. Shareholders of record on Friday, April 5th were issued a $0.28 dividend. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from Sapiens International’s previous Semi-Annual dividend of $0.26. Sapiens International’s dividend payout ratio (DPR) is 50.00%.

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.