Sapiens International Co. (NASDAQ:SPNS) Raises Dividend to $0.22 Per Share

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Sapiens International Co. (NASDAQ:SPNS) announced a dividend on Monday, August 5th, Fidelity reports. Investors of record on Tuesday, August 20th will be paid a dividend of 0.22 per share by the technology company on Tuesday, September 3rd. The ex-dividend date is Monday, August 19th. This is an increase from Sapiens International’s previous dividend of $0.20.

Sapiens International has increased its dividend by an average of 10.1% per year over the last three years. Sapiens International has a payout ratio of 44.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sapiens International to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 27.2%.

Shares of Sapiens International stock opened at $18.35 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.49. Sapiens International has a 12 month low of $10.11 and a 12 month high of $19.29. The business has a fifty day simple moving average of $16.67 and a 200 day simple moving average of $15.30.

Sapiens International (NASDAQ:SPNS) last announced its quarterly earnings data on Monday, August 5th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $79.53 million during the quarter, compared to analysts’ expectations of $78.62 million. Sapiens International had a return on equity of 15.34% and a net margin of 6.91%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. As a group, equities research analysts expect that Sapiens International will post 0.71 EPS for the current fiscal year.

Several research firms have weighed in on SPNS. Barclays reiterated a “hold” rating on shares of Sapiens International in a report on Wednesday, August 7th. Zacks Investment Research upgraded Sapiens International from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Friday, August 9th. Roth Capital lifted their target price on Sapiens International from $5.00 to $8.75 in a report on Monday, August 5th. Finally, BidaskClub lowered Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $14.42.

Sapiens International Company Profile

Sapiens International Corporation N.V. provides software solutions for the insurance and financial services industries in North America, Europe, the Asia Pacific, and South Africa. The company offers software platform and solutions for personal, commercial, and specialty lines, as well as reinsurance and workers' compensation, including Sapiens CoreSuite and Sapiens IDITSuite; and life, pension, and annuities, such as Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster.

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Dividend History for Sapiens International (NASDAQ:SPNS)

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