Sapiens International (SPNS) Receives a Hold from William Blair

In a report released today, Bhavan Suri from William Blair maintained a Hold rating on Sapiens International (SPNSResearch Report). The company’s shares closed last Wednesday at $27.04.

According to TipRanks.com, Suri is a 5-star analyst with an average return of 33.1% and a 70.9% success rate. Suri covers the Technology sector, focusing on stocks such as Qualtrics International, Procore Technologies, and Altair Engineering.

Currently, the analyst consensus on Sapiens International is a Hold with an average price target of $34.50.

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Sapiens International’s market cap is currently $1.26B and has a P/E ratio of 30.30. The company has a Price to Book ratio of 4.91.

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Sapiens International Corp. NV provides software solutions for the insurance industry. It offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company was founded by Joseph Bolless and Ron Zuckerman in 1986 and is headquartered in Holon, Israel.