Sapiens International Co. (NASDAQ:SPNS) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its stake in shares of Sapiens International Co. (NASDAQ:SPNS – Free Report) by 7.

0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,303 shares of the technology company’s stock after selling 1,156 shares during the quarter. Corebridge Financial Inc.



’s holdings in Sapiens International were worth $411,000 as of its most recent SEC filing. Other institutional investors have also recently added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC increased its stake in shares of Sapiens International by 8.

8% in 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 during the period. Principal Financial Group Inc.

increased its holdings in shares of Sapiens International by 6.5% in the fourth quarter. Principal Financial Group Inc.

now owns 10,400 shares of the technology company’s stock valued at $279,000 after buying an additional 633 shares in the last quarter. National Bank of Canada FI purchased a new stake in Sapiens International during the third quarter valued at about $26,000. Blue Trust Inc.

raised its stake in Sapiens International by 171.2% during the 4th 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 during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Sapiens International by 1.

2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 74,096 shares of the technology company’s stock worth $1,991,000 after purchasing an additional 874 shares in the last quarter.

30.73% of the stock is currently owned by institutional investors. Sapiens International Stock Up 9.

5 %Shares of SPNS opened at $26.20 on Thursday. The business’s 50 day simple moving average is $27.

08 and its 200-day simple moving average is $29.43. The company has a market capitalization of $1.

46 billion, a P/E ratio of 20.31 and a beta of 1.10.

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.24 and a quick ratio of 2.

18. Sapiens International Co. has a one year low of $23.

69 and a one year high of $41.22. Sapiens International (NASDAQ:SPNS – Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th.

The technology company reported $0.36 EPS 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 the consensus estimate 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 predict that Sapiens International Co. will post 1.

42 EPS for the current fiscal year. Sapiens International Increases DividendThe firm also recently announced a semi-annual dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, April 7th will be given a dividend of $0.

66 per share. This is a boost from Sapiens International’s previous semi-annual dividend of $0.22.

The ex-dividend date of this dividend is Monday, April 7th. This represents a dividend yield of 2.2%.

Sapiens International’s payout ratio is presently 46.51%. Analyst Ratings ChangesSPNS has been the topic of several research reports.

Barclays dropped their target price on Sapiens International from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th.

Needham & Company LLC reaffirmed a “buy” rating and issued a $35.00 price target on shares of Sapiens International in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group lowered shares of Sapiens International from a “buy” rating to a “hold” rating and cut their price objective for the company 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 assigned a hold rating and three have issued a buy rating to the company’s stock.

According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.50.

Get Our Latest Report on SPNSSapiens International Company Profile (Free Report)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.Featured ArticlesFive stocks we like better than Sapiens International3 Dividend Kings To ConsiderQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreWhat Investors Need to Know About Upcoming IPOsAre Tariffs Threatening Disney’s Comeback Story?How to trade using analyst ratingsIs Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding SPNS? Visit HoldingsChannel.

com to get the latest 13F filings and insider trades for Sapiens International Co. (NASDAQ:SPNS – Free Report)..