Scott Palmer Joins Sapiens Retirement Services Practice

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Needham & Company Raises Price Target on Sapiens (SPNS) Following 2Q Results

August 6, 2015 10:26 AM EDT

Needham & Company reiterated a Buy rating on Sapiens International Corp. NV (NASDAQ: SPNS), and raised the price target to $14.00 (from $11.00), following 2Q results. SPNS reported 2Q revenue of $43.4MM, up 12.4% Y/Y, above consensus at $43.2MM. SPNS posted EPS of $0.11, $0.02 above consensus.

Analyst Mayank Tandon... More