Benefitfocus Inc (BNFT) Shares Bought by Royce & Associates LP

Royce & Associates LP lifted its stake in Benefitfocus Inc (NASDAQ:BNFT) by 100.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,000 shares of the software maker’s stock after buying an additional 50,000 shares during the period. Royce & Associates LP owned approximately 0.32% of Benefitfocus worth $3,365,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its stake in Benefitfocus by 70.0% during the 2nd quarter. FMR LLC now owns 4,651,067 shares of the software maker’s stock valued at $169,066,000 after purchasing an additional 1,914,954 shares in the last quarter. Bamco Inc. NY boosted its stake in shares of Benefitfocus by 0.6% during the 2nd quarter. Bamco Inc. NY now owns 4,247,487 shares of the software maker’s stock worth $154,396,000 after acquiring an additional 24,954 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Benefitfocus by 11.7% in the second quarter. Vanguard Group Inc. now owns 1,238,539 shares of the software maker’s stock worth $45,021,000 after buying an additional 129,829 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Benefitfocus by 3.0% in the second quarter. Artisan Partners Limited Partnership now owns 968,092 shares of the software maker’s stock worth $35,190,000 after buying an additional 28,491 shares during the period. Finally, Discovery Group I LLC boosted its position in shares of Benefitfocus by 77.7% in the third quarter. Discovery Group I LLC now owns 749,850 shares of the software maker’s stock worth $25,232,000 after buying an additional 327,845 shares during the period. Institutional investors and hedge funds own 85.61% of the company’s stock.

Several analysts recently issued reports on the company. Zacks Investment Research lowered Benefitfocus from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Canaccord Genuity restated a “buy” rating and set a $34.00 target price on shares of Benefitfocus in a report on Monday, October 30th. BidaskClub upgraded Benefitfocus from a “strong sell” rating to a “sell” rating in a report on Thursday, December 7th. William Blair downgraded Benefitfocus from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $34.00 price target on shares of Benefitfocus in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $34.38.

Benefitfocus Inc (BNFT) traded up $0.45 during trading hours on Thursday, hitting $25.95. 165,517 shares of the stock were exchanged, compared to its average volume of 184,540. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of -2.39. Benefitfocus Inc has a 52 week low of $22.30 and a 52 week high of $37.10. The company has a market capitalization of $810.67, a PE ratio of -30.53 and a beta of 1.12.

Benefitfocus (NASDAQ:BNFT) last posted its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.08. The company had revenue of $62.45 million during the quarter, compared to the consensus estimate of $62.19 million. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.14) EPS. analysts anticipate that Benefitfocus Inc will post -0.81 earnings per share for the current fiscal year.

In other news, CEO Shawn A. Jenkins purchased 37,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $25.27 per share, with a total value of $934,990.00. Following the acquisition, the chief executive officer now directly owns 2,782,683 shares of the company’s stock, valued at $70,318,399.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 40.10% of the company’s stock.

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Benefitfocus Company Profile

Benefitfocus, Inc (Benefitfocus) is a provider of cloud-based benefits management platform for consumers, employers, insurance carriers and brokers. The Benefitfocus Platform allows how organizations and individuals shop for, enroll in, manage and exchange benefits. The Company operates through two business segments: Employer, which derives its revenue from customers that use the Company’s services for the provision of benefits to their employees, and administrators acting on behalf of employers, Carrier, which derives its revenue from insurance companies that provide coverage at their own risk.

Institutional Ownership by Quarter for Benefitfocus (NASDAQ:BNFT)

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