Zacks Investment Research lowered shares of Sapiens International (NASDAQ:SPNS) from a buy rating to a hold rating in a research report released on Friday morning, Zacks.com reports.

According to Zacks, “SAPIENS INTL NV is a leading global provider of proven IT solutions that modernize business processes and enable insurance organizations and other leading companies to adapt quickly to change. Serving as consultants and advisors, Sapiens works with companies to analyze their current systems and develop a blueprint for aligning technology with business goals. The company focuses on delivering innovative solutions that allow companies to build on existing IT assets. “

Separately, BidaskClub downgraded American Superconductor from a hold rating to a sell rating in a report on Monday, April 22nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $15.50.

NASDAQ SPNS opened at $16.31 on Friday. The business’s 50-day moving average is $16.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.45 and a current ratio of 1.45. Sapiens International has a 1 year low of $10.11 and a 1 year high of $17.41.

Sapiens International (NASDAQ:SPNS) last posted its quarterly earnings data on Monday, May 6th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $76.79 million for the quarter, compared to the consensus estimate of $75.69 million. Sapiens International had a return on equity of 14.01% and a net margin of 5.45%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. On average, sell-side analysts expect that Sapiens International will post 0.66 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Sapiens International in the 4th quarter valued at about $52,000. Seizert Capital Partners LLC acquired a new position in shares of Sapiens International in the 1st quarter valued at about $371,000. Cavalier Investments LLC acquired a new position in shares of Sapiens International in the 1st quarter valued at about $371,000. Monarch Partners Asset Management LLC increased its holdings in shares of Sapiens International by 49.2% in the 1st quarter. Monarch Partners Asset Management LLC now owns 35,856 shares of the technology company’s stock valued at $548,000 after purchasing an additional 11,825 shares during the period. Finally, Shell Asset Management Co. acquired a new position in shares of Sapiens International in the 1st quarter valued at about $656,000.

Sapiens International Company Profile

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, Europe, the Asia Pacific, and South Africa. The company offers software platform and solutions for personal, commercial, and specialty lines, as well as reinsurance and workers' compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster.

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