Notable Mover: What’s Propelling Sapiens International Corporation N.V. to Reach 52-Week High?

Notable Mover: What's Propelling Sapiens International Corporation N.V. to Reach 52 Week High?

The stock of Sapiens International Corporation N.V. (NASDAQ:SPNS) hit a new 52-week high and has $24.53 target or 64.00% above today’s $14.96 share price. The 6 months bullish chart indicates low risk for the $741.89M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $24.53 price target is reached, the company will be worth $474.81 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 30,256 shares traded hands. Sapiens International Corporation N.V. (NASDAQ:SPNS) has risen 18.70% since April 19, 2016 and is uptrending. It has outperformed by 14.84% the S&P500.

Sapiens International Corporation N.V. (NASDAQ:SPNS) Ratings Coverage

Out of 4 analysts covering Sapiens Int’l (NASDAQ:SPNS), 2 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 50% are positive. Sapiens Int’l has been the topic of 5 analyst reports since August 7, 2015 according to StockzIntelligence Inc. On Thursday, November 5 the stock rating was downgraded by Roth Capital to “Neutral”. Roth Capital downgraded Sapiens International Corporation N.V. (NASDAQ:SPNS) rating on Wednesday, May 11. Roth Capital has “Sell” rating and $11 price target. The firm has “Neutral” rating by TH Capital given on Thursday, November 5. The rating was maintained by Needham on Friday, August 7 with “Buy”.

According to Zacks Investment Research, “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.”

Another recent and important Sapiens International Corporation N.V. (NASDAQ:SPNS) news was published by Marketwatch.com which published an article titled: “Sapiens International Corp. NV” on November 13, 2010.

SPNS Company Profile

Sapiens International Corporation N.V. (Sapiens), incorporated on April 6, 1990, is a well-known provider of software solutions for the insurance industry, with a focus on the financial services sector. The Firm operates in well-known provider of software solutions segment. The Firm offers its software solutions for providers of Property & Casualty/General Insurance (P&C), and Life, Annuities and Pensions Insurance (L&P), enabling its clients to manage their core business functions, including policy administration, claims management and billing. It also supplies core record-keeping software solutions for providers of Retirement Services and Reinsurance. It offers a platform that enables its clients to deploy business logic and comply with policies and regulations across their organizations.

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