SG Americas Securities LLC Takes Position in Model N, Inc. (NYSE:MODN)

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

Several other institutional investors also recently bought and sold shares of MODN. Fred Alger Management LLC acquired a new position in Model N in the 4th quarter valued at $31,799,000. Millennium Management LLC grew its stake in shares of Model N by 1,414.7% during the 4th quarter. Millennium Management LLC now owns 702,471 shares of the software maker’s stock worth $28,492,000 after purchasing an additional 656,093 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Model N by 14.6% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,310,207 shares of the software maker’s stock worth $80,802,000 after purchasing an additional 421,952 shares during the period. BlackRock Inc. grew its stake in shares of Model N by 13.2% during the 3rd quarter. BlackRock Inc. now owns 2,949,847 shares of the software maker’s stock worth $100,973,000 after purchasing an additional 343,775 shares during the period. Finally, Comerica Bank acquired a new position in shares of Model N during the 3rd quarter worth $7,185,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MODN. Craig Hallum reaffirmed a “hold” rating and set a $30.00 price target on shares of Model N in a research note on Tuesday, April 9th. Robert W. Baird reaffirmed a “neutral” rating and set a $30.00 price target on shares of Model N in a research note on Monday, April 8th. StockNews.com began coverage on shares of Model N in a research note on Thursday. They set a “hold” rating on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Model N in a research note on Tuesday, April 9th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $30.00 price objective (down from $37.00) on shares of Model N in a research report on Wednesday, April 10th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Model N has an average rating of “Hold” and an average target price of $31.80.

Insider Buying and Selling at Model N

In other news, Director Dave Yarnold sold 5,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $26.88, for a total transaction of $134,400.00. Following the transaction, the director now directly owns 22,012 shares in the company, valued at approximately $591,682.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO John Ederer sold 8,018 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.31, for a total transaction of $202,935.58. Following the completion of the sale, the chief financial officer now owns 307,127 shares of the company’s stock, valued at approximately $7,773,384.37. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dave Yarnold sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $26.88, for a total transaction of $134,400.00. Following the sale, the director now directly owns 22,012 shares of the company’s stock, valued at approximately $591,682.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,616 shares of company stock worth $1,897,243. Corporate insiders own 2.55% of the company’s stock.

Model N Price Performance

NYSE:MODN opened at $29.78 on Friday. The firm has a market cap of $1.16 billion, a price-to-earnings 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 company’s 50-day moving average is $26.72 and its two-hundred day moving average is $25.62. Model N, Inc. has a 12-month low of $20.90 and a 12-month high of $35.96.

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

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.