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SPNS

Sapiens

$12.27

0.09 (0.74%)

11:18
02/07/18
02/07
11:18
02/07/18
11:18

Sapiens acquires Adaptik

Sapiens announced that it has entered into a definitive agreement to acquire Adaptik. This acquisition will enable Sapiens to provide North American property and casualty carriers with an enhanced platform, which will improve Sapiens' competitive position and enable it to increase its market share in the North American insurance market. Adaptik's expected non-GAAP FY17 revenues were $12M. Sapiens expects this transaction to be accretive to earnings starting in 2019. Sapiens will pay an aggregate cash consideration of between $19.5M-$22M, subject to retention and performance. The transaction is expected to be completed in early March. Upon completion, Adaptik will become wholly owned by Sapiens.

SPNS Sapiens
$12.27

0.09 (0.74%)

05/16/17
WBLR
05/16/17
INITIATION
WBLR
Outperform
Sapiens assumed with an Outperform at William Blair
William Blair analyst Justin Furby assumed coverage of Sapiens International with an Outperform rating. The analyst says he's encouraged by the "strong" Q1 bookings and pipeline commentary.
05/16/17
05/16/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. C&J Energy Services (CJ) initiated with a Buy at Citi. 2. Select Energy Services (WTTR) was initiated with an Outperform at Credit Suisse and FBR Capital, an Overweight at Piper Jaffray, a Buy at BofA/Merrill and Citi, and a Neutral at JPMorgan. 3. Nike (NKE) was initiated with a Buy and named a top pick at Berenberg, while Under Armour (UA) and lululemon (LULU) were initiated with a Hold. 4. Builders FirstSource (BLDR) coverage assumed with an Outperform at Wedbush. 5. Sapiens (SPNS) assumed with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/06/17
COWN
09/06/17
INITIATION
Target $14
COWN
Outperform
Sapiens initiated with an Outperform at Cowen
Cowen analyst Avishai Kantor initiated Sapiens with an Outperform rating as he sees meaningful upside driven by earnings growth and a recovery in its multiple. He noted the shares have been under pressure since the large acquisition of a competitor and he sees the weakness as a buying opportunity. Kantor has a $14 price target on Sapiens shares.

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Xerox

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EADSY

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WOW

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FOXA

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AEO

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NMR

Nomura

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GLD

SPDR Gold Trust

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WFC

Wells Fargo

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FOXA

21st Century Fox

$48.34

0.24 (0.50%)

, DIS

Disney

$105.89

-1.39 (-1.30%)

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FOXA

21st Century Fox

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DIS

Disney

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CMCSA

Comcast

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ENTA

Enanta

$118.81

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TNTR

Tintri

$0.20

0.0369 (22.38%)

17:32
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CUE

Cue Biopharma

$12.41

0.18 (1.47%)

17:25
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