Sapiens International (NASDAQ:SPNS) Reaches New 52-Week High - What's Next?

Sapiens International Corporation N.V. (NASDAQ:SPNS - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $43.25 and last traded at $43.23, with a volume of 473172 shares changing hands. The stock had previously closed at $43.14.Get Sapiens International alerts:Wall Street Analyst Weigh InA number of equities analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Sapiens International in a research report on Wednesday, October 8th. Needham & Company LLC cut Sapiens International from a "buy" rating to a "hold" rating and set a $35.00 price objective on the stock. in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Sapiens International currently has an average rating of "Reduce" and a consensus target price of $31.33.View Our Latest Stock Report on Sapiens InternationalSapiens International Stock PerformanceThe firm has a market cap of $2.42 billion, a PE ratio of 35.43 and a beta of 0.89. The company's 50-day simple moving average is $43.06 and its two-hundred day simple moving average is $35.68. Sapiens International (NASDAQ:SPNS - Get Free Report) last issued its quarterly earnings data on Thursday, November 13th. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. Sapiens International had a net margin of 12.45% and a return on equity of 16.59%. The firm had revenue of $152.32 million during the quarter, compared to the consensus estimate of $148.23 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The company's quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts expect that Sapiens International Corporation N.V. will post 1.42 EPS for the current year. Hedge Funds Weigh In On Sapiens InternationalA number of hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. raised its holdings in Sapiens International by 4,824.8% in the 3rd quarter. Citigroup Inc. now owns 615,258 shares of the technology company's stock worth $26,456,000 after purchasing an additional 602,765 shares in the last quarter. Water Island Capital LLC purchased a new position in shares of Sapiens International during the third quarter valued at about $18,122,000. JPMorgan Chase & Co. raised its stake in Sapiens International by 281.4% in the third quarter. JPMorgan Chase & Co. now owns 553,146 shares of the technology company's stock worth $23,785,000 after buying an additional 408,117 shares in the last quarter. First Trust Capital Management L.P. purchased a new stake in Sapiens International in the third quarter worth about $17,475,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Sapiens International by 227.2% in the first quarter. Goldman Sachs Group Inc. now owns 550,343 shares of the technology company's stock worth $14,909,000 after buying an additional 382,138 shares during the period. Institutional investors own 30.73% of the company's stock. Sapiens International Company Profile (Get 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.Read MoreFive stocks we like better than Sapiens InternationalExpert Stock Trading Psychology TipsQualcomm’s Bulls Are Running Out of Room to Be WrongLow PE Growth Stocks: Unlocking Investment OpportunitiesAmazon Just Did This—and It Didn't End Well Last TimeWhat Are the U.K. Market Holidays? How to Invest and TradeStellantis Makes a High-Stakes Bet on JeepThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Sapiens International Right Now?Before you consider Sapiens International, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sapiens International wasn't on the list.While Sapiens International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here