4,288 Shares in Model N, Inc. (NYSE:MODN) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Model N, Inc. (NYSE:MODN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,288 shares of the software maker’s stock, valued at approximately $115,000.

A number of other hedge funds have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. grew its holdings in Model N by 0.8% during the third quarter. UBS Asset Management Americas Inc. now owns 35,137 shares of the software maker’s stock worth $1,203,000 after acquiring an additional 275 shares during the period. JPMorgan Chase & Co. grew its holdings in Model N by 0.9% during the second quarter. JPMorgan Chase & Co. now owns 37,018 shares of the software maker’s stock worth $947,000 after acquiring an additional 322 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Model N by 6.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,447 shares of the software maker’s stock worth $261,000 after purchasing an additional 383 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Model N by 35.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,664 shares of the software maker’s stock worth $57,000 after purchasing an additional 431 shares in the last quarter. Finally, Ziegler Capital Management LLC increased its stake in Model N by 3.9% in the 3rd quarter. Ziegler Capital Management LLC now owns 13,018 shares of the software maker’s stock worth $318,000 after purchasing an additional 493 shares in the last quarter.

Model N Trading Down 0.1 %

Shares of NYSE MODN opened at $29.78 on Friday. Model N, Inc. has a one year low of $20.90 and a one year high of $35.96. The firm has a market capitalization of $1.16 billion, a PE ratio of -35.45 and a beta of 0.70. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 2.26. The business has a 50-day moving average price of $26.72 and a two-hundred day moving average price of $25.62.

Model N (NYSE:MODN) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $63.49 million for the quarter, compared to analyst estimates of $62.12 million. Model N had a negative net margin of 12.48% and a positive return on equity of 5.79%. As a group, analysts predict that Model N, Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Activity

In other news, CRO Christopher Lyon sold 7,862 shares of Model N stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $26.38, for a total transaction of $207,399.56. Following the completion of the sale, the executive now directly owns 237,845 shares in the company, valued at approximately $6,274,351.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Dave Yarnold sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total value of $134,400.00. Following the transaction, the director now directly owns 22,012 shares of the company’s stock, valued at approximately $591,682.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Christopher Lyon sold 7,862 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $26.38, for a total value of $207,399.56. Following the completion of the transaction, the executive now directly owns 237,845 shares in the company, valued at $6,274,351.10. The disclosure for this sale can be found here. Insiders sold a total of 72,616 shares of company stock worth $1,897,243 in the last three months. 2.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MODN shares. Robert W. Baird reissued a “neutral” rating and issued a $30.00 price target on shares of Model N in a research note on Monday, April 8th. Craig Hallum reissued a “hold” rating and issued a $30.00 price target on shares of Model N in a research note on Tuesday, April 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price target on shares of Model N in a research note on Tuesday, April 9th. Needham & Company LLC reissued a “hold” rating on shares of Model N in a research note on Tuesday, April 9th. Finally, JMP Securities reissued a “market perform” rating on shares of Model N in a research note on Tuesday, April 9th. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.80.

Model N Profile

Model N, Inc provides cloud revenue management solutions for life sciences and high-tech companies in the United States and internationally. The company offers Global Pricing Management, which minimizes price erosion of products; Global Tender Management that enhances revenue by enabling segmentation and targeting, optimal bid pricing, and post-award tracking; Provider Management, which minimizes rebate overpayments; Payer Management that minimizes revenue leakage and noncompliance of complex contracts; Government Pricing, which optimizes revenue, and reduces the risk of fines and other penalties; and Medicaid that enhances compliance with regulatory requirements and payments of rebate claims on a timely basis and at correct rates for government Medicaid programs, as well as Validata, State Pricing Transparency Management, Advanced Membership Management, and Intelligence Cloud.