Nisa Investment Advisors LLC has acquired a new stake in Model N, Inc. (NYSE: MODN – Get a rating) during the first trimester, HoldingsChannel.com reports. The fund bought 2,000 shares of the software maker, valued at around $54,000.
A number of other institutional investors have also recently bought and sold shares of MODN. Fifth Third Bancorp increased its position in Model N shares by 23.1% in the fourth quarter. Fifth Third Bancorp now owns 4,006 shares of the software maker worth $120,000 after buying 753 additional shares in the last quarter. King Luther Capital Management Corp raised its position in Model N shares by 4.4% in the fourth quarter. King Luther Capital Management Corp now owns 129,915 shares of the software maker worth $3,901,000 after buying an additional 5,452 shares last quarter. Assenagon Asset Management SA purchased a new equity stake in Model N in the fourth quarter at a value of $3,242,000. M&T Bank Corp raised its position in Model N shares by 5.8% in the fourth quarter. M&T Bank Corp now owns 12,417 shares of the software maker worth $373,000 after buying an additional 677 shares last quarter. Finally, Keebeck Alpha LP purchased a new equity stake in Model N in the fourth quarter at a value of $204,000. Institutional investors hold 96.26% of the company’s shares.
Insider Buying and Selling at Model N
In related news, insider Marc Albert Anderson sold 5,962 shares of the company in a transaction dated Tuesday, May 10. The shares were sold at an average price of $22.76, for a total value of $135,695.12. Following the transaction, the insider now directly owns 183,745 shares of the company, valued at $4,182,036.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. In related news, insider Marc Albert Anderson sold 5,962 shares of the company in a transaction dated Tuesday, May 10. The shares were sold at an average price of $22.76, for a total value of $135,695.12. Following the transaction, the insider now directly owns 183,745 shares of the company, valued at $4,182,036.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. Additionally, CFO John Ederer sold 1,135 shares of the company in a trade dated Monday, May 16. The shares were sold at an average price of $23.61, for a total transaction of $26,797.35. Following the completion of the transaction, the CFO now owns 120,800 shares of the company, valued at $2,852,088. Disclosure of this sale can be found here. Insiders sold a total of 30,128 shares of the company worth $717,582 in the past ninety days. Insiders hold 2.00% of the shares of the company.
N-Model Stock Performance
NYSE MODN opened at $25.12 on Friday. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt ratio of 0.98. The company’s fifty-day moving average price is $24.70 and its two-hundred-day moving average price is $25.30. Model N, Inc. has a 1-year minimum of $20.95 and a 1-year maximum of $39.99. The company has a market capitalization of $925.02 million, a P/E ratio of -32.21 and a beta of 0.88.
Model N (NYSE: MODN – Get a rating) last released its quarterly earnings data on Tuesday, May 10. The software maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.04. Model N had a negative net margin of 13.60% and a negative return on equity of 7.58%. The company posted revenue of $53.30 million for the quarter, versus a consensus estimate of $51.23 million. During the same period of the previous year, the company made ($0.17) earnings per share. The company’s quarterly revenue increased 10.6% year over year. As a group, research analysts expect Model N, Inc. to post -0.3 EPS for the current year.
Analysts set new price targets
A number of brokerages have recently commented on MODN. BTIG Research reduced its price target on Model N shares from $48.00 to $38.00 in a research report on Wednesday, May 11. Craig Hallum lowered his price target on Model N shares from $39.00 to $29.00 in a Wednesday, May 11 research report. To finish, StockNews.com moved Model N shares from a “hold” rating to a “buy” rating in a Monday, May 16 research report. Five equity research analysts rated the stock with a buy rating. Based on data from MarketBeat.com, Model N currently has a consensus rating of “Buy” and an average target price of $36.80.
Model N profile
Model N, Inc provides cloud-based revenue management solutions for life science and high-tech companies. The company offers global price management, which minimizes product price erosion; Comprehensive tender management that improves revenue by enabling segmentation and targeting, optimal tender pricing, and post-award follow-up; supplier management, which minimizes rebate overpayments; Payer management that minimizes revenue leakage and complex contract non-compliance; government pricing, which optimizes revenue and reduces the risk of fines and other penalties; and Medicaid that improves compliance with regulatory requirements and timely claims payments and correct rates for government Medicaid programs.
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