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Last $8.46 USD
Change Today +0.09 / 1.08%
Volume 12.1K
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

sapiens international corp (SPNS) Snapshot

Open
$8.40
Previous Close
$8.37
Day High
$8.47
Day Low
$8.35
52 Week High
04/9/15 - $9.00
52 Week Low
01/30/15 - $6.30
Market Cap
401.6M
Average Volume 10 Days
38.9K
EPS TTM
$0.29
Shares Outstanding
47.5M
EX-Date
05/19/15
P/E TM
29.2x
Dividend
$0.15
Dividend Yield
--
Current Stock Chart for SAPIENS INTERNATIONAL CORP (SPNS)

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sapiens international corp (SPNS) Details

Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom and rest of Europe, Israel, and the Asia Pacific. It offers software solutions for the property and casualty/general insurance (P&C) providers; and for life, annuities, and pensions (L&P) providers. Its products include Sapiens ALIS, a L&P software solution for individual and group insurance products; Sapiens Closed Books, a solution for life and pension insurance companies that enables them to administer policies and claims relating to closed books of business, where products are no longer open to new business; Sapiens TOPAZ that enable L&P carriers in Israel to handle a range of L&P activities and regulations that are unique to the Israeli market; Sapiens IDIT, a component based software solution, addressing the specific needs of general insurance carriers for traditional insurance, direct insurance, bancassurance, and brokers markets; and Sapiens Reinsurance, a software solution designed to enable general insurance/P&C insurance carriers and brokers to handle their P&C/general reinsurance activities on a single platform. The company also provides Sapiens DECISION, a business decision software solution that allows business professionals to design, simulate, implement, change, analyze, and visualize business logic that drives financial operations and compliance; and Sapiens eMerge, a rules-based model-driven architecture that enables the creation of enterprise applications with little or no coding using agile methodologies. In addition, it offers implementation and integration services; and support and maintenance for the software. The company markets and sells its products and services through direct sales force, and channel partners and system integrators. Sapiens International Corporation N.V. was founded in 1982 and is headquartered in Holon, Israel.

1,017 Employees
Last Reported Date: 03/30/15
Founded in 1982

sapiens international corp (SPNS) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

sapiens international corp (SPNS) Key Developments

Sapiens International Corporation Announces Cash Dividend Payable on June 1, 2015

Sapiens International Corporation announced that its board of directors has approved the distribution of a cash dividend of $0.15 per share. The dividend, which is approximately $7.2 million in the aggregate, will be distributed on June 1, 2015 to its shareholders of record as of May 21, 2015.

Sapiens International Corporation Launches Closed Books Solution for the Greater European Insurance Market

Sapiens International Corporation announced the official launch and general availability of its Sapiens Closed Books solution for the European life and pension (L&P) insurance market. Already successfully in production at Wesleyan Assurance Society in the UK, the Closed Books offering from Sapiens is now generally available across Europe. Sapiens Closed Books is a solution for L&P insurers that is designed to provide a modern and cost-efficient platform for the administration of insurers legacy portfolios. Whether the platform is chosen as part of an Old-Co/New-Co strategy or as an Old-Co consolidation platform, Sapiens Closed Books is ideal for addressing the administration of legacy portfolio challenges shared by most insurers. Insurer benefits following the implementation of Sapiens Closed Books include significant cost reductions through legacy decommissioning and increased in-force policy to FTE ratios; improved operational and reporting consistency across all products; a single view of the customer, along with a consistent and quality customer experience; and significantly reduced reliance on a rapidly retiring legacy system skill-set. A variety of deployment and pricing options are available, offering flexibility to meet each insurer’s specific needs, budgets and preferences. Highlights of the Sapiens Closed Book solution’s capabilities include: Full support for post-new business functionality; A product-agnostic approach supporting over 400 products across the insurance business; Support for multi-jurisdiction and legislation; Company layers, enabling multiple books of business to be logically split, or simply branded individually; A sophisticated and proven migration capability that deals with dirty data, minimizing the need for an expensive and time-consuming data clean-up effort.

A Global Bank Expands its Use of Sapiens DECISION After Significantly Reducing Operational Expenses

Sapiens International Corporation announced that a global financial institution has entered into an agreement with Sapiens to expand its use of Sapiens DECISION, a market-leading, enterprise-scale decision management platform. Sapiens DECISION is enabling the institution to centrally author, store and manage all organizational business logic (requirements). By authoring rules for systems that execute millions of banking transactions on a daily basis, the bank is significantly reducing both time to market and operational expenses. After experiencing success with the initial implementation in the core banking systems, the bank will expand its use of DECISION across multiple lines of business to achieve greater efficiency and deliver new products to market faster. The platform has also helped improve organizational delivery and performance, by enabling the bank to easily identify areas impacted by rule changes and implement those changes across all affected systems quickly and consistently. Sapiens DECISION enables rapid development of business logic in an intuitive, consistent and reusable form that is readily understood by business users and technology teams. An integrated solution designed to leverage and augment existing technology, Sapiens DECISION drives consistency and reusability of strategically managed business rules, or decision logic. This ensures that the operational decisions that impact organizational performance are accurately and reliably adhered to - minimizing risk, rework and resource requirements.

 

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Industry Analysis

SPNS

Industry Average

Valuation SPNS Industry Range
Price/Earnings 28.4x
Price/Sales 2.6x
Price/Book 2.3x
Price/Cash Flow 27.9x
TEV/Sales 2.3x
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