Sapiens International Corporation N.V. (SPNS) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $0.12 EPS for the quarter. Analysts had a consensus estimate of $0.12. The company posted revenue of $49.60 million in the period, compared to analysts expectations of $48.03 million. The company’s revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
Sapiens International Corporation N.V. opened for trading at $11.7 and hit $11.92 on the upside on Friday, eventually ending the session at $11.78, with a gain of 0.34% or 0.04 points. The heightened volatility saw the trading volume jump to 52,642 shares. Company has a market cap of $574 M.
Investors should note that on Mar 31, 2016, Sapiens International Corporation N.V. announced a cash dividend of $0.2000. The company’s management has announced May 17, 2016 as the ex-dividend date and fixed the record date on May 19, 2016. The payable date has been fixed on Jun 1, 2016.
Sapiens International Corporation N.V. (Sapiens N.V.) is a provider of software solutions for the insurance industry with a focus on the financial services sector. The Company’s software solutions portfolio consists of Life Pension Annuity and Retirement Solutions which are software solutions for the management of a diversified range of products for life pension annuity and retirement; Property and Casualty/General Insurance Solutions which are a software suite of solutions supporting a range of business lines including personal commercial and specialty lines as well as a solution for the management of reinsurance contracts; Sapiens DECISION an enterprise-scale platform that enables institutions to centrally author store and manage all organizational business logic and Technology-Based Solutions which are solutions (unrelated to the insurance or financial services market) based on the Company’s eMerge platform which provides end-to-end modular business solutions.