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Sapiens ( (SPNS) ) has provided an announcement.
On April 7, 2025, Sapiens International Corporation N.V. announced the termination of its engagement with EY Israel as its independent registered public accounting firm, effective January 1, 2025. This decision, approved by the company’s audit committee and board of directors, aligns with a request from its indirect shareholder, Asseco Poland S.A., to synchronize auditing services with the Asseco group. Subsequently, on April 10, 2025, Sapiens appointed BDO Israel as its new independent auditor, effective retroactively from January 1, 2025. This change is subject to ratification at the company’s 2025 annual general meeting. The transition is not expected to impact the company’s financial reporting, as there were no disagreements or adverse opinions from the previous auditor.
Spark’s Take on SPNS Stock
According to Spark, TipRanks’ AI Analyst, SPNS is a Outperform.
Sapiens shows strong financial health and growth potential, with a solid balance sheet and effective cash flow management. Despite currency headwinds and macroeconomic challenges, the company is poised for continued expansion. Technical indicators and valuation align with moderate growth expectations.
To see Spark’s full report on SPNS stock, click here.
More about Sapiens
Sapiens International Corporation N.V. operates in the software industry, providing software solutions primarily for the insurance sector. The company is focused on delivering core systems for property and casualty, life, and pension insurance providers, enhancing their operational efficiency and customer engagement.
YTD Price Performance: 0.08%
Average Trading Volume: 188,767
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.46B
Learn more about SPNS stock on TipRanks’ Stock Analysis page.