Barclays Maintains Sapiens International Corporation N.V. to Overweight with Price Target $15.00

Brokerage firm Barclays Maintains its rating on Sapiens International Corporation N.V.(NASDAQ:SPNS). In a research note issued to the investors, the brokerage major Raises the price-target to $15.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Aug 5, 2016.

In a different note, On May 11, 2016, Roth Capital said it Downgrades its rating on Sapiens International Corporation N.V.. The shares have been rated ‘Sell’ by the firm.

Sapiens International Corporation N.V. (SPNS) shares turned negative on Wednesdays trading session with the shares closing down -0.06 points or -0.45% at a volume of 20,450. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.28. The peak price level was also seen at $13.28 while the days lowest was $13.0801. Finally the shares closed at $13.2. The 52-week high of the shares is $13.47 while the 52-week low is $8.93. According to the latest information available, the market cap of the company is $644 M.

Sapiens International Corporation N.V.(SPNS) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $53.03M. Analysts had an estimated revenue of $50.78M. Earnings per share were $0.13. Analysts had estimated an EPS of $0.13.

Sapiens International Corporation N.V. (Sapiens N.V.) is a provider of software solutions for the insurance industry with a focus on the financial services sector. The Company’s software solutions portfolio consists of Life Pension Annuity and Retirement Solutions which are software solutions for the management of a diversified range of products for life pension annuity and retirement; Property and Casualty/General Insurance Solutions which are a software suite of solutions supporting a range of business lines including personal commercial and specialty lines as well as a solution for the management of reinsurance contracts; Sapiens DECISION an enterprise-scale platform that enables institutions to centrally author store and manage all organizational business logic and Technology-Based Solutions which are solutions (unrelated to the insurance or financial services market) based on the Company’s eMerge platform which provides end-to-end modular business solutions.

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