Sapiens (SPNS) Tops Q4 EPS by 1c; Guides FY16 Revenue Above Expectations

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Needham & Company Raises Price Target on Sapiens (SPNS) Following a Solid 4Q and Upbeat Guidance

February 17, 2016 2:00 PM EST

Needham & Company reiterated a Buy rating on Sapiens International Corp. NV (NASDAQ: SPNS), and raised the price target to $15.00 (from $14.00), following the company's 4Q earnings report. SPNS reported 4Q revenue of $48.7 million, up 16.5% Y/Y, in-line with Needham's $48.8 million estimate. SPNS posted $0.13 in EPS, a penny above... More