Selz Capital LLC Has $4.93 Million Stock Holdings in Benefitfocus Inc (NASDAQ:BNFT)

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Selz Capital LLC raised its position in Benefitfocus Inc (NASDAQ:BNFT) by 34.2% during the third quarter, Holdings Channel reports. The firm owned 206,996 shares of the software maker’s stock after purchasing an additional 52,786 shares during the period. Benefitfocus comprises 1.2% of Selz Capital LLC’s portfolio, making the stock its 29th largest holding. Selz Capital LLC’s holdings in Benefitfocus were worth $4,928,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Benefitfocus by 9.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,650 shares of the software maker’s stock worth $126,000 after purchasing an additional 400 shares during the period. Gagnon Securities LLC lifted its position in shares of Benefitfocus by 1.9% in the 2nd quarter. Gagnon Securities LLC now owns 25,181 shares of the software maker’s stock worth $684,000 after purchasing an additional 480 shares during the period. Swiss National Bank lifted its position in shares of Benefitfocus by 1.3% in the 2nd quarter. Swiss National Bank now owns 47,700 shares of the software maker’s stock worth $1,295,000 after purchasing an additional 600 shares during the period. First Mercantile Trust Co. lifted its position in shares of Benefitfocus by 6.1% in the 2nd quarter. First Mercantile Trust Co. now owns 11,707 shares of the software maker’s stock worth $318,000 after purchasing an additional 668 shares during the period. Finally, Raymond James Trust N.A. lifted its position in shares of Benefitfocus by 9.9% in the 2nd quarter. Raymond James Trust N.A. now owns 13,279 shares of the software maker’s stock worth $361,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

Shares of Benefitfocus stock traded up $0.85 during trading on Friday, reaching $24.14. 6,572 shares of the company traded hands, compared to its average volume of 308,418. Benefitfocus Inc has a 1-year low of $21.60 and a 1-year high of $60.66. The company has a 50 day moving average price of $24.92 and a 200-day moving average price of $30.01. The firm has a market capitalization of $751.38 million, a PE ratio of -16.19 and a beta of 1.29.

Benefitfocus (NASDAQ:BNFT) last released its earnings results on Tuesday, August 6th. The software maker reported ($0.42) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.64) by $0.22. The company had revenue of $68.60 million for the quarter, compared to analyst estimates of $67.51 million. During the same quarter in the previous year, the firm earned ($0.24) EPS. The firm’s revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts forecast that Benefitfocus Inc will post -1.44 earnings per share for the current year.

A number of brokerages have recently issued reports on BNFT. Wedbush restated a “buy” rating and issued a $40.00 price target on shares of Benefitfocus in a research report on Wednesday, August 7th. BidaskClub downgraded shares of Benefitfocus from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Chardan Capital restated a “hold” rating and issued a $27.00 price target on shares of Benefitfocus in a research report on Thursday, August 22nd. Wells Fargo & Co restated a “buy” rating on shares of Benefitfocus in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. began coverage on shares of Benefitfocus in a research report on Wednesday, July 3rd. They issued a “neutral” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.09.

Benefitfocus Company Profile

Benefitfocus, Inc provides cloud-based benefits management platform for consumers, employers, insurance carriers, suppliers, and brokers in the United States. The company operates through Employer and Carrier segments. Its products for insurance carriers include BenefitsPlace, a transaction-oriented, marketplace solution; eEnrollment that provides online enrollment for benefits; eBilling, an electronic invoice presentment and payment solution; eExchange, a solution that bridges the integration gap between carrier and employer systems; eSales for carriers and brokers tools to organize and manage accounts, track leads, generate quotes, and create proposals for various products; and Core & Advanced Analytics, a data analytics solution.

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Institutional Ownership by Quarter for Benefitfocus (NASDAQ:BNFT)

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