Sapiens International

Sapiens International Corp. NV provides software solutions for the insurance industry. It offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. The company was founded by Joseph Bolless and Ron Zuckerman in 1982 and is headquartered in Holon, Israel.

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Sapiens International reports solid Q2 growth and eyes global expansion

Sapiens International's Q2 performance reflects revenue growth, operational efficiency, and successful product launches.
The company's strengths lie in strategic investments, global market presence, and focus on digital transformation.
Challenges include market competition, technology integration, and maintaining cost-effectiveness.
Opportunities for Sapiens include North America expansion, innovation in AI solutions, and global market exploration.

Sapiens reports revenue growth in Q3 amidst SaaS transition

Sapiens International (SPNS) demonstrated revenue growth and profitability in Q3 2024, driven by North America success.
While facing challenges from the transition to a SaaS model, the company maintains a strong focus on innovation and expense management.
Opportunities lie in leveraging AI capabilities, expanding customer base, and solidifying market position in the insurance industry.

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HOLON, Israel , May 30, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, hosted its annual International Client Conference in Barcelona on May 22-24. Attendees included insurance customers and prospects, leading industry experts from Microsoft, Celent, and ecosystem insurtech partners.

Sapiens Hosted Annual International Client Conference in Barcelona including over 300 participants from 100 insurance companies & partners

The integration opens up new market opportunities for insurers worldwide BARCELONA, Spain , May 23, 2023 /PRNewswire/ -- Sapiens International Corporation , (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today an agreement to integrate Microsoft Azure OpenAI Service to harness the most advanced generative AI models and tools for the insurance industry.  Sapiens will integrate Microsoft Azure OpenAI and Azure Power Virtual Agents to provide generative AI solutions for insurance companies, allowing customers to easily navigate complex documents such as policies, terms and conditions, and more, using natural large language AI models.

Sapiens Joins Forces with Microsoft to Leverage Generative AI for Insurers

Sapiens IDITSuite for Property & Casualty coupled with Sapiens Intelligence provides OPES a turnkey solution for expanding its business HOLON, Israel , May 22, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that OPES Insurance Company (OPES), the first digital insurer in Vietnam, has chosen Sapiens IDITSuite to modernize its core insurance business. Sapiens was selected for its strong product configuration, digital API capabilities and proven experience with empowering insurers to achieve digital transformations.

Vietnamese Digital Insurer OPES Chooses Sapiens to Modernize its Core P&C Insurance Systems

Sapiens IllustrationPro will improve the company's speed-to-market by up to 30% ROCHELLE PARK, N.J. , May 18, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that an industry-leading Midwest (U.S.) Life & Annuities insurer with a nationwide network of financial advisors has chosen Sapiens to modernize its annuity business line.

U.S. Fortune-500 Insurer Chooses Sapiens to Digitally Transform Their Annuity Business

Sapiens' CoreSuite for P&C SaaS solution will improve performance and efficiency ROCHELLE PARK, N.J. , May 17, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Atain, a major property and casualty (P&C) insurance company, has selected Sapiens CoreSuite for P&C SaaS solution to provide its specialty lines with greater automation and standardization.

Atain Selects Sapiens to Automate and Modernize P&C Core Processes

New capability enables even faster decisioning, enhancing the existing Sapiens Decision solution by separating data values embedded within business logic. ROCHELLE PARK, N.J.

New Sapiens Decision Parameter Management (PaM) Accelerates Time-to-Market with Near-Realtime Changes to Business Logic

Sapiens International Corporation N.V. (NASDAQ:SPNS ) Q1 2023 Earnings Conference Call May 3, 2023 9:30 AM ET Company Participants Yaffa Cohen-Ifrah - Chief Marketing Officer and Head-Investor Relations Roni Al-Dor - President and Chief Executive Officer Roni Giladi - Chief Financial Officer Alex Zukerman - Chief Strategy Officer Conference Call Participants Kevin Kumar - Goldman Sachs Kyle Peterson - Needham & Co. Dylan Becker - William Blair Chris Reimer - Barclays Surinder Thind - Jefferies Operator Welcome to Sapiens Corporation's 2023 First Quarter Financial Results Call.

Sapiens International Corporation N.V. (SPNS) Q1 2023 Earnings Call Transcript

Sapiens (SPNS) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.31 per share a year ago.

Sapiens (SPNS) Lags Q1 Earnings Estimates

HOLON, Israel , May 3, 2023 /PRNewswire/ -- Sapiens International Corporation , (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the first quarter ended March 31, 2023.       Summary Results for First Quarter 2023 (USD in millions, except per share data) GAAP Non-GAAP Q1 2023 Q1 2022 % Change Q1 2023 Q1 2022 % Change Revenue $124.7 $117.7 6.0 % $124.8 $117.7 6.0 % Gross Profit $53.0 $49.4 7.3 % $56.4 $52.9 6.5 % Gross Margin 42.5 % 42.0 %  50 bps 45.2 % 45.0 %   2 0 bps Operating Income $18.9 $16.5 14.2 % $22.5 $20.8 8.4 % Operating Margin 15.1 % 14.1 %  100 bps 18.0 % 17.6 %  40 bps Net Income (*) $14.2 $13.9 1.9 % $17.3 $17.3 -0.3 % Diluted EPS $0.26 $0.25 4.0 % $0.31 $0.31 0.0 % (*) Attributable to Sapiens' shareholders "Sapiens delivered a strong first quarter, with operating profit increasing year-over-year by 8.4% on revenue growth of 6%, which resulted in an operating margin of 18.0%," stated Roni Al-Dor, President and CEO of Sapiens.

Sapiens Reports First Quarter 2023 Financial Results

Sapiens sells insurance software for policy, billing, and claims, which is sold to P&C, life, reinsurance, and workers comp insurers. The software is very sticky and customers become more profitable, the longer they have been a Sapiens customer, creating a secular profit margin tailwind.

Sapiens: High-Quality Vertical Software Company, Trading For Trough 15x P/E, Estimates Rising

HOLON, Israel , April 20, 2023 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the first quarter 2023, on Wednesday, May 3 2023. Management will host a conference call and webcast on May 3 2023, at 9:30 a.m.

SAPIENS TO ANNOUNCE FIRST QUARTER 2023 FINANCIAL RESULTS ON MAY 3, 2023

HOLON, Israel , March 29, 2023 /PRNewswire/ -- Sapiens International Corporation N.V. (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that its board of directors has approved the distribution of a cash dividend, based on 2022 second half results of $0.25 per share or $13.8 million in total.

SAPIENS DECLARES CASH DIVIDEND OF $13.8 MILLION OR $0.25 PER SHARE FOR THE SECOND HALF OF 2022

HOLON, Israel , March 29, 2023 /PRNewswire/ -- Sapiens International Corporation N.V. (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission (the "SEC").

Sapiens Files Annual Report on Form 20-F for the Year Ended December 31, 2022

Utilizing Sapiens IllustrationPro and ApplicationPro, EquiTrust launches its new innovative product and process for C ustomer Acquisition in under 6 months RALEIGH, N.C. , March 20, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced with EquiTrust, a leading North American life and health insurance company, the launch of their state-of-the-art Customer Acquisition solution.

EquiTrust's New Product Launch Powered by Sapiens' Game-Changing Technology

Sapiens' (SPNS) strong product portfolio addresses the digitization needs of the Insurance sector, which attract new customers.

Sapiens' (SPNS) Expanding Customer Base Aids Growth Prospects

Sapiens IDITSuite for Property & Casualty was recognized as a "Luminary" solution excelling in both Advanced Technology and Breadth of Functionality. HOLON, Israel , March 6, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Sapiens IDITSuite for Property and Casualty has won Celent's 2023 XCelent award for the Breadth of Functionality category in the EMEA region.

Sapiens Wins 2023 Celent XCelent Award for Property & Casualty PAS in EMEA

Sapiens International Corporation N.V. (NASDAQ:SPNS ) Q4 2022 Earnings Conference Call February 21, 2023 9:30 AM ET Company Participants Yaffa Cohen – Chief Marketing Officer and Head-Investor Relations Roni Al-Dor – President and Chief Executive Officer Roni Giladi – Chief Financial Officer Alex Zukerman – Chief Strategy Officer Conference Call Participants Dylan Becker – William Blair Mayank Tandon – Needham & Company Kevin Kumar – Goldman Sachs Surinder Thind – Jefferies Chris Reimer – Barclays Alexei Gogolev – JPMorgan Operator Ladies and gentlemen, thank you for standing by.

Sapiens International Corporation N.V. (SPNS) Q4 2022 Earnings Call Transcript

Sapiens (SPNS) delivered earnings and revenue surprises of -3.03% and 1.42%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Sapiens (SPNS) Lags Q4 Earnings and Revenue Estimates

HOLON, Israel , Feb. 21, 2023 /PRNewswire/ -- Sapiens International Corporation , (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the fourth quarter ended December 31, 2022.   Summary  Results for Fourth  Quarter 2022 (USD in millions, except per share data)                              GAAP                            Non-GAAP Q4 2022 Q4 2021 % Change Q4 2022 Q4 2021 % Change Revenue $119.5 $119.2 0.2 % $119.5 $119.9 -0.3 % Gross Profit $50.3 $48.7 3.4 % $53.8 $53.9 -0.3 % Gross Margin 42.1 % 40.8 %  1 3 0 bps 45.0 % 45.0 % 0 bps Operating Income $16.5 $15.7 4.8 % $21.1 $21.6 -2.5 % Operating Margin 13.8 % 13.2 %  60 bps 17.6 % 18.0 %  -40 bps Net Income (*) $13.4 $13.7 -2.2 % $18.0 $17.7 1.9 % Diluted EPS $0.24 $0.25 -4.0 % $0.32 $0.32 0.0 %   Summary  Results for Full Year end  2022 (USD in millions, except per share data)      GAAP % Change            Non-GAAP % Change 2022 2021 2022 2021 Revenue $474.7 $461.0 3.0 % $474.8 $463.6 2.4 % Gross Profit $200.2 $187.8 6.6 % $213.5 $208.3 2.5 % Gross Margin 42.2 % 40.7 % 1 5 0 bps 45.0 % 44.9 % 10 bps Operating Income $66.5 $57.5 15.7 % $83.5 $81.4 2.5 % Operating Margin 14.0 % 12.5 % 150 bps 17.6 % 17.6 % 0 bps Net income (*) $52.6 $47.2 11.5 % $67.2 $65.5 2.5 % Diluted EPS $0.95 $0.85 11.8 % $1.21 $1.18 2.5 % (*) Attributable to Sapiens' shareholders    "Our revenue in 2022 reached $474.8 million, and on a constant currency basis, we grew by 7.8%.

Sapiens Reports Fourth Quarter 2022 Financial Results

Sapiens CoreSuite for Life & Pensions will improve HGR's position in market and is Sapiens' first Group Risk implementation in South Africa HOLON, Israel , Feb. 13, 2023 /PRNewswire/ --  Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the full launch of its cloud-first Life core platform CoreSuite for Life & Pensions with South Africa's Hollard Group Risk (HGR), a division of Hollard Life Insurance Company Limited. The announcement marks Sapiens' first Group Risk implementation in South Africa.

South African Insurer Hollard Group Risk Implements Sapiens for Complete Core Transformation for Life & Pensions

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L3Harris

Dividend growth investing or DGI looks for companies with increasing dividends. Past dividend growth is a good indication of future growth. DGI has a lot of merits and a couple of risks. A strong and diversified stock selection remains essential.

3 Dividend Growth Stocks With Substantial Upside Potential

Almost 60% of Sapiens International Corporation N.V.'s revenue is generated outside of North America, which can lead to more pronounced FX headwinds compared to peers. I expect Sapiens International's top line growth to moderate over the coming years, owing to competition from Guidewire Software, Inc. and Duck Creek Technologies, Inc.

Sapiens: Limited Upside From Current Levels

MS Amlin Insurance will replace legacy core systems in French, Belgian and Dutch markets with Sapiens Core P&C Platform and Reinsurance module, underpinned by its Data & Analytics solution; all delivered in the Sapiens Cloud HOLON, Israel , Feb. 2, 2023 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that major European insurer MS Amlin Insurance S.E. has selected Sapiens to deliver an overhaul of a number of their software systems across several European countries.

MS Amlin Insurance Selects Sapiens for Transformation of its Commercial Lines Operations across Multiple Countries

HOLON, Israel , Jan. 24, 2023 /PRNewswire/ -- Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that it will report its financial results for the fourth quarter and year-end 2022, on Tuesday, February 21, 2023. Management will host a conference call and webcast on February 21, 2023, at 9:30 a.m.

SAPIENS TO ANNOUNCE FOURTH QUARTER AND YEAR-END 2022 FINANCIAL RESULTS ON FEBRUARY 21, 2023

Sapiens sold off too harshly in 2022 as currency headwinds disguise its organic growth rate. It has a strong balance sheet with a large cash position to make strategic acquisitions.

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