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24 February
Sapiens International Corporation N.V. (SPNS) Price Target Increased by 5.66% to 34.27

The average one-year price target for Sapiens International Corporation N.V. (NasdaqGS:SPNS) has been revised to 34.27 / share. This is an increase of 5.66% from the prior estimate of 32.44 dated January 16, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 26.26 to a high of 39.90 / share. The average price target represents an increase of 15.05% from the latest reported closing price of 29.79 / share.

What is the Fund Sentiment?

There are 332 funds or institutions reporting positions in Sapiens International Corporation N.V.. This is an increase of 19 owner(s) or 6.07% in the last quarter. Average portfolio weight of all funds dedicated to SPNS is 0.11%, an increase of 1.93%. Total shares owned by institutions increased in the last three months by 3.08% to 19,984K shares. The put/call ratio of SPNS is 0.22, indicating a bullish outlook.

What are Other Shareholders Doing?

Price T Rowe Associates holds 906K shares representing 1.63% ownership of the company. In it's prior filing, the firm reported owning 936K shares, representing a decrease of 3.33%. The firm decreased its portfolio allocation in SPNS by 55.20% over the last quarter.

Acadian Asset Management holds 875K shares representing 1.57% ownership of the company. In it's prior filing, the firm reported owning 785K shares, representing an increase of 10.31%. The firm increased its portfolio allocation in SPNS by 5.02% over the last quarter.

IWM - iShares Russell 2000 ETF holds 714K shares representing 1.28% ownership of the company. In it's prior filing, the firm reported owning 706K shares, representing an increase of 1.22%. The firm increased its portfolio allocation in SPNS by 13.20% over the last quarter.

PRDSX - T. Rowe Price QM U.S. Small-Cap Growth Equity Fund holds 673K shares representing 1.21% ownership of the company. In it's prior filing, the firm reported owning 688K shares, representing a decrease of 2.17%. The firm increased its portfolio allocation in SPNS by 12.69% over the last quarter.

Renaissance Technologies holds 590K shares representing 1.06% ownership of the company. In it's prior filing, the firm reported owning 594K shares, representing a decrease of 0.61%. The firm decreased its portfolio allocation in SPNS by 8.15% over the last quarter.

Sapiens International Background Information
(This description is provided by the company.)

Sapiens International Corporation N.V. empowers insurers to succeed in an evolving industry. The company offers digital software platforms, solutions and services for the property & casualty, life, pension & annuity, reinsurance, financial & compliance, workers' compensation and financial markets. With more than 35 years of experience delivering to over 500 organizations globally, Sapiens has a proven ability to satisfy customers' core, data and digital requirements.

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This story originally appeared on Fintel.

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