Sapiens (SPNS) stock rallied on Wednesday after the software solutions company announced an agreement with private investment firm Advent. This agreement will see Advent acquire Sapiens for $43.50 per share in cash, representing a 64% premium to the stock’s closing price on August 8. The total equity value of the deal comes in at $2.5 billion.
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Roni Al-Dor, CEO of Sapiens, said, “This transaction marks a significant milestone in Sapiens’ journey, reinforces the success of our strategy, our commitment to delivering exceptional value to our customers, and the strength of our global team. Following a deliberate process, the Board of Directors approved this transaction, which delivers an excellent outcome for Sapiens’ shareholders, providing them a substantial cash value at an attractive premium.”
Sapiens expects the deal to close in Q4 2025 or Q1 2026, subject to approval from shareholders. Once complete, shares of SPNS stock will no longer be traded publicly. However, shareholder Formula Systems (FORTY) will still maintain a minority stake in the company after it goes private.
Sapiens Stock Movement Today
Sapiens stock was up 44.27% in pre-market trading on Wednesday, following a 2.54% rally yesterday. The shares have also increased 12.68% year-to-date, but have fallen 15.11% over the past 12 months. Today’s news brought heavy trading to SPNS stock, with some 3.6 million shares traded, compared to a three-month daily average of about 209,000 units.
Is Sapiens Stock a Buy, Sell, or Hold?
Turning to Wall Street, coverage of Sapiens is lacking. Even so, TipRanks’ AI analyst Spark has the shares covered. Spark rates SPNS stock an Outperform (74) with a price target of $32. It cites “strong financial performance and strategic acquisitions” as reasons for this stance.
