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 Sapiens CoreSuite and Sapiens IDITSuite for personal, commercial, and specialty lines, as well as reinsurance and workers' compensation; and Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster for life, pension, and annuities. It also provides Sapiens DigitalSuite for insurance customers, agents, brokers, risk managers, customer groups and third-party service providers; Sapiens AgentConnect and Sapiens CustomerConnect portals; Sapiens Intelligence, an analytics platform; Sapiens IntelligencePro, a comprehensive BI solution with pre-configured reports, dashboards, and scorecards; and Sapiens Advanced Analytics, which uses AI and Machine Learning to generate actionable insights based on different models across the insurance value chain. In addition, the company offers Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO reinsurance solutions; and Sapiens Platform, Sapiens CoreSuite, Sapiens PolicyPro, and Sapiens ClaimsPro, as well as Sapiens PolicyGo, Sapiens ClaimsGo, and Sapiens Connect for workers' compensation. Further, it provides financial and compliance solutions, which comprise Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro, and Sapiens Reporting Tools; and Sapiens Decision, an enterprise-scale platform that enables institutions to centrally author, store, and manage various organizational business logics. Additionally, the company offers tailor-made solutions based on its Sapiens eMerge platform; and program delivery, business, and managed services. It markets and sells its products and services through direct and partner sales. The company was founded in 1982 and is headquartered in Holon, Israel.
IPO Year: 1992
Exchange: NASDAQ
Website: sapiens.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/5/2023 | $24.00 | Equal Weight → Underweight | Barclays |
| 1/23/2023 | $28.00 | Buy | Goldman |
| 12/1/2022 | $20.00 | Underweight | JP Morgan |
| 2/24/2022 | $38.00 → $30.00 | Buy | Citigroup |
| 2/24/2022 | $40.00 → $36.00 | Buy | Needham |
| 12/14/2021 | Neutral → Underweight | JP Morgan | |
| 12/14/2021 | $35.00 | Neutral → Underweight | JP Morgan |
| 7/13/2021 | $35.00 | Overweight → Neutral | JP Morgan |
6-K - SAPIENS INTERNATIONAL CORP N V (0000885740) (Filer)
6-K - SAPIENS INTERNATIONAL CORP N V (0000885740) (Filer)
6-K - SAPIENS INTERNATIONAL CORP N V (0000885740) (Filer)
6-K - SAPIENS INTERNATIONAL CORP N V (0000885740) (Filer)
6-K - SAPIENS INTERNATIONAL CORP N V (0000885740) (Filer)
6-K - SAPIENS INTERNATIONAL CORP N V (0000885740) (Filer)
6-K - SAPIENS INTERNATIONAL CORP N V (0000885740) (Filer)
6-K - SAPIENS INTERNATIONAL CORP N V (0000885740) (Filer)
6-K - SAPIENS INTERNATIONAL CORP N V (0000885740) (Filer)
6-K - SAPIENS INTERNATIONAL CORP N V (0000885740) (Filer)
ROCHELLE PARK, N.J., Nov. 11, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the third quarter ended September 30, 2024. Summary Results for Third Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q3 2024 Q3 2023 % Change Q3 2024 Q3 2023 % Change Revenue $137.0 $130.7 4.8 % $137.0 $130.8 4.8 % Gross Profit $60.3 $56.0 7.8 % $62.8 $59.3 6.0 % Gross Margin 44.0 % 42.8 % 120 bps 45.8 % 45.3 % 50 bps Operating Income $21.7 $20.3 7.3 % $25.1 $24.1 4.3 % Operating Margin 15.9 % 15.5 % 40 bps 18.3 % 18.4 % -10 bps Net Inco
Sapiens DataSuite on the cloud accelerates the insurer's scalability and cost-efficiency, streamlines operations, and enables faster insights UXBRIDGE, England, Nov. 4, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the go-live of Sapiens DataSuite by a Tier 1 insurer based in Africa. Powered by Sapiens DataSuite, the migration of the insurer's data platform to the cloud provides the company with an enterprise-wide, consolidated view of data to improve performance, productivity, security, and user experiences. A longtime Sapiens' customer, the insurer implemented S
ROCHELLE PARK, N.J., Oct. 28, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the Third quarter of 2024 on Monday, November 11, 2024. Management will host a conference call and webcast on November 11, 2024, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): 1-888-642-5032 International: 972-3-9180644 UK: 0-800-917-5108 The live webcast of the call can be acces
Sapiens Decision Underwriting Accelerator elevates straight-through processing and reduces reliance on IT by up to 90% ROCHELLE PARK, N.J., Oct. 15, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the release of Sapiens Decision Underwriting Accelerator, a cutting-edge solution designed to enhance underwriting efficiency and significantly improve straight-through processing (STP) for Property and Casualty (P&C) insurers. This innovative decisioning solution addresses key industry challenges by driving a substantial increase in STP rates, enabling insurers to optimiz
The implementation accelerates HGR's complete core transformation for Life & Pensions UXBRIDGE, England, Sept. 30, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that South Africa's Hollard Group Risk (HGR), a division of Hollard Life Insurance Company Limited, has gone live with Sapiens DataSuite, to accelerate the complex migration of HGR's business and align processes with Sapiens CoreSuite for Life & Pensions. DataSuite will support the transition period between the core system and HGR's legacy system. Sapiens DataSuite supports the complex launch of CoreSuite
The Summit included 545 participants from 115 insurance companies, customers, and partners ROCHELLE PARK, N.J., Sept. 12, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, hosted its annual North America Customer Summit in Austin, Texas on September 9-11, 2024. Attendees included insurance customers, prospects, and partners, with industry-leading experts from Microsoft, Deloitte, Celent, and Datos Insights. Austin, known as the live music capital of the world, was the perfect backdrop for an event dedicated to innovation, collaboration, and transformative solutions in the insurance
Sapiens Insurance Platform for Life & Annuities will provide one integrated solution to support all products and services throughout the insurance lifecycle ROCHELLE PARK, N.J., Sept. 5, 2024 /PRNewswire/ --Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that a leading tier-one life and health insurer in Canada has selected Sapiens Insurance Platform for Life & Annuities (L&A) to improve operational performance, drive efficiency, enhance the client and advisor experience, and ensure their digital evolution and growth in the life and health market. Sapiens Insurance Platform will be ins
The partnership empowers insurers with enhanced risk evaluation and underwriting decisions UXBRIDGE, England, Sept. 4, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today a partnership with Addresscloud, a cloud-based location intelligence provider, to empower insurers with enhanced capabilities to understand geographic risk and make more informed underwriting decisions with access to global geospatial datasets. The partnership offers several key benefits, including accurate geocoding, which ensures precise location data for every insured property and minimises errors
Version 12.0 reflects Sapiens' investment strategy and tech advancements to support the diverse needs of insurers across all personal and commercial lines of business ROCHELLE PARK, N.J., Aug. 27, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of its latest version of Sapiens CoreSuite for Property & Casualty for the North American insurance market. The new release delivers insurers a multitude of functional and performance improvements, as well as enhanced security features. V12.0 is an integral part of Sapiens Insurance Platform, a future-proof, AI
ROCHELLE PARK, N.J., Aug. 15, 2024 /PRNewswire/ -- Sapiens International Corporation N.V. (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that its board of directors has approved the distribution of a cash dividend of $0.29 per share, or $16.2 million in total, based on 2024 first half results. The dividend is in line with the company's policy of distributing on a semi-annual basis up to 40% of its annual non-GAAP net income and will be paid on September 12, 2024, to Sapiens' shareholders of record, as of August 28, 2024. The dividend is subject to withholding of Israeli tax at source at the rate of 25% of the dividend a
ROCHELLE PARK, N.J., Nov. 11, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the third quarter ended September 30, 2024. Summary Results for Third Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q3 2024 Q3 2023 % Change Q3 2024 Q3 2023 % Change Revenue $137.0 $130.7 4.8 % $137.0 $130.8 4.8 % Gross Profit $60.3 $56.0 7.8 % $62.8 $59.3 6.0 % Gross Margin 44.0 % 42.8 % 120 bps 45.8 % 45.3 % 50 bps Operating Income $21.7 $20.3 7.3 % $25.1 $24.1 4.3 % Operating Margin 15.9 % 15.5 % 40 bps 18.3 % 18.4 % -10 bps Net Inco
ROCHELLE PARK, N.J., Oct. 28, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the Third quarter of 2024 on Monday, November 11, 2024. Management will host a conference call and webcast on November 11, 2024, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): 1-888-642-5032 International: 972-3-9180644 UK: 0-800-917-5108 The live webcast of the call can be acces
ROCHELLE PARK, N.J., Aug. 15, 2024 /PRNewswire/ -- Sapiens International Corporation N.V. (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that its board of directors has approved the distribution of a cash dividend of $0.29 per share, or $16.2 million in total, based on 2024 first half results. The dividend is in line with the company's policy of distributing on a semi-annual basis up to 40% of its annual non-GAAP net income and will be paid on September 12, 2024, to Sapiens' shareholders of record, as of August 28, 2024. The dividend is subject to withholding of Israeli tax at source at the rate of 25% of the dividend a
ROCHELLE PARK, N.J., Aug. 1, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the second quarter ended June 30, 2024. Summary Results for Second Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q2 2024 Q2 2023 % Change Q2 2024 Q2 2023 % Change Revenue $136.8 $128.3 6.6 % $136.8 $128.4 6.6 % Gross Profit $60.1 $54.7 10.0 % $62.5 $58.0 7.7 % Gross Margin 43.9 % 42.6 % 130 bps 45.7 % 45.2 % 50 bps Operating Income $21.9 $19.6 11.5 % $24.8 $23.4 6.1 % Operating Margin 16.0 % 15.3 % 70 bps 18.2 % 18.2 % 0 bps Net Income (
Rochelle Park, N.J., July 18, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS)(TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the second quarter of 2024 on Thursday, August 1, 2024. Management will host a conference call and webcast on August 1, 2024, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): 1-888-642-5032International: 972-3-9180644UK: 0-800-917-5108The live webcast of the call can be accessed on Sa
ROCHELLE PARK, N.J., May 8, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the first quarter ended March 31, 2024. Summary Results for First Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q1 2024 Q1 2023 % Change Q1 2024 Q1 2023 % Change Revenue $134.2 $124.7 7.6 % $134.2 $124.8 7.6 % Gross Profit $57.6 $53.0 8.5 % $60.9 $56.4 8.0 % Gross Margin 42.9 % 42.5 % 40 bps 45.4 % 45.2 % 20 bps Operating Income $20.5 $18.9 8.6 % $24.3 $22.5 7.8 % Operating Margin 15.3 % 15.1 % 20 bps 18.1 % 18.0 % 10 bps Net Income (*)
ROCHELLE PARK, N.J., April 24, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the first quarter of 2024 on Tuesday, May 8, 2024. Management will host a conference call and webcast on May 8, 2024, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): 1-888-642-5032International: 972-3-9180609UK: 0-800-917-5108The live webcast of the call can be accessed on Sapiens'
ROCHELLE PARK, N.J., March 25, 2024 /PRNewswire/ -- Sapiens International Corporation N.V. (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that its board of directors has approved the distribution of a cash dividend, based on 2023 second-half results, of $0.28 per share, or $15.6 million in total. The dividend is in line with the Company's policy of distributing on a semi-annual basis up to 40% of its annual non-GAAP net income and will be paid on April 18, 2024 to Sapiens' shareholders of record as of April 5, 2024. The dividend is subject to withholding of Israeli tax at source at the rate of 25% of the dividend amount
HOLON, Israel, Feb. 20, 2024 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the fourth quarter ended December 31, 2023. Summary Results for Fourth Quarter 2023 (USD in millions, except per share data) GAAP Non-GAAP Q4 2023 Q4 2022 % Change Q4 2023 Q4 2022 % Change Revenue $130.9 $119.5 9.5 % $130.9 $119.5 9.6 % Gross Profit $55.9 $50.3 11.2 % $59.4 $53.8 10.4 % Gross Margin 42.8 % 42.1 % 70 bps 45.4 % 45.0 % 40 bps Operating Income $20.1 $16.5 21.9 % $24.2 $21.1 14.7 % Operating Margin 15.4 % 13.8 % 160 bps 18.4 % 17.6 % 80 bps Net Income
HOLON, Israel, Jan. 23, 2024 /PRNewswire/ -- Sapiens International Corporation (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the fourth quarter and year-end 2023, on Tuesday, February 20, 2024. Management will host a conference call and webcast on February 20, 2024, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens' results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate: North America (toll-free): 1-888-642-5032International: 972-3-9180609UK: 0-800-917-5108The live webcast of the call can be
Barclays downgraded Sapiens Int'l from Equal Weight to Underweight and set a new price target of $24.00
Goldman initiated coverage of Sapiens Int'l with a rating of Buy and set a new price target of $28.00
JP Morgan initiated coverage of Sapiens Int'l with a rating of Underweight and set a new price target of $20.00
Citigroup reiterated coverage of Sapiens Intl Corp with a rating of Buy and set a new price target of $30.00 from $38.00 previously
Needham reiterated coverage of Sapiens Intl Corp with a rating of Buy and set a new price target of $36.00 from $40.00 previously
JP Morgan downgraded Sapiens Intl Corp from Neutral to Underweight
JP Morgan downgraded Sapiens Int'l from Neutral to Underweight and set a new price target of $35.00
JP Morgan downgraded Sapiens Int'l from Overweight to Neutral and set a new price target of $35.00
Goldman Sachs downgraded Sapiens Intl Corp from Neutral to Sell and set a new price target of $27.00 from $34.00 previously
Needham analyst Mayank Tandon reiterates Sapiens Intl Corp (NASDAQ:SPNS) with a Buy and maintains $38 price target.
Roni Al-Dor, President and CEO of Sapiens, stated, "Sapiens delivered a solid first quarter, with year-over-year growth of 7.6% on total revenue of $134 million. The first quarter was highlighted by an impressive 9.5% year-over-year revenue growth in North America. Annualized recurring revenue (ARR) grew year-over-year by 12.7% to $168 million. Operating profit in the first quarter reached $24 million, representing an operating margin of 18.1%." Mr. Al-Dor continued, "New sales are being structured and priced in a SaaS model while we continue to transition current customers to SaaS. Our pivotal partnership with Microsoft, which is unique to the insurance sector, underpins our SaaS strategy
Latest version enhances operational efficiency, regulatory reporting, and strategic decision-making with robust business insights
— Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of IntegrateAI, the newest capability from Sapiens Decision, integrating machine learning models into the business-friendly decision model workbench. Sapiens Decision users can integrate machine learning models as another component of their decision model diagram, combining declarative and probabilistic constructs into one consistent and explainable model. Enabling non-technical users to incorporate the machine learning models from data science teams into a single decision model dramatically reduces business and technical complex
-Reuters Citing Sources
By bolstering workforce and expertise in Canada, Sapiens fosters continued growth and innovation for regional customersROCHELLE PARK, N.J., Mar. 4, 2024 /CNW/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today its strategic expansion in the Canadian market, marking a significant milestone in Sapiens' growth trajectory. With an increased focus on delivering advanced solutions and superior customer service in Canada, Sapiens will strengthen support for existing Canadian customers and expand its reach to new prospects seeking industry-leading SaaS solutions and services across life, proper
HOLON, Israel, April 26, 2021 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ:SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the appointment of Jamie Yoder as President and General Manager of Sapiens North America. Mr. Yoder's depth of leadership experience in the insurance and technology sectors, including senior management positions at top global professional services firms (such as PwC), will further strengthen Sapiens' footprint, strategy, and operations in North America and globally. Sapiens will benefit from his strong acumen across various touchpoints within the insurance life cycle, especially in these times
SC 13G/A - SAPIENS INTERNATIONAL CORP N V (0000885740) (Subject)
SC 13G/A - SAPIENS INTERNATIONAL CORP N V (0000885740) (Subject)
SC 13G/A - SAPIENS INTERNATIONAL CORP N V (0000885740) (Subject)
SC 13G/A - SAPIENS INTERNATIONAL CORP N V (0000885740) (Subject)
SC 13G - SAPIENS INTERNATIONAL CORP N V (0000885740) (Subject)