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

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Sapiens Reports 16.5% Revenue Growth in Q4 2015

February 17, 2016 4:44 AM EST

HOLON, Israel, Feb. 17, 2016 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ and TASE: SPNS), a leading global provider of software solutions for the insurance industry, with an emerging focus on the broader financial services sector, and a member of the Formula Group (NASDAQ: FORTY and TASE: FORT), today announced its financial results for the fourth quarter and year ended December 31, 2015.

Fourth Quarter... More