3,650 Shares in Benefitfocus, Inc. (BNFT) Purchased by Sei Investments Co.

Sei Investments Co. bought a new stake in Benefitfocus, Inc. (NASDAQ:BNFT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,650 shares of the software maker’s stock, valued at approximately $133,000.

A number of other institutional investors have also added to or reduced their stakes in BNFT. Teachers Advisors LLC lifted its holdings in Benefitfocus by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 21,537 shares of the software maker’s stock valued at $640,000 after acquiring an additional 1,087 shares during the period. Wells Fargo & Company MN lifted its holdings in Benefitfocus by 27.5% in the first quarter. Wells Fargo & Company MN now owns 227,589 shares of the software maker’s stock valued at $6,361,000 after acquiring an additional 49,073 shares during the period. Bank of New York Mellon Corp lifted its holdings in Benefitfocus by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 52,301 shares of the software maker’s stock valued at $1,462,000 after acquiring an additional 632 shares during the period. SG Americas Securities LLC acquired a new stake in Benefitfocus in the first quarter valued at $349,000. Finally, Frontier Capital Management Co. LLC lifted its holdings in Benefitfocus by 46.1% in the first quarter. Frontier Capital Management Co. LLC now owns 2,101,828 shares of the software maker’s stock valued at $58,746,000 after acquiring an additional 663,362 shares during the period. 84.63% of the stock is owned by institutional investors.

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Benefitfocus, Inc. (NASDAQ:BNFT) opened at 31.10 on Wednesday. The stock has a 50 day moving average price of $30.91 and a 200-day moving average price of $31.05. The stock’s market cap is $969.67 million. Benefitfocus, Inc. has a 12 month low of $24.55 and a 12 month high of $42.49.

Benefitfocus (NASDAQ:BNFT) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.09. The business had revenue of $63.30 million for the quarter, compared to analyst estimates of $62.07 million. During the same quarter last year, the firm posted ($0.22) EPS. The company’s revenue was up 9.3% compared to the same quarter last year. On average, analysts expect that Benefitfocus, Inc. will post ($0.30) EPS for the current year.

A number of equities research analysts have commented on BNFT shares. Zacks Investment Research raised Benefitfocus from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, June 28th. Canaccord Genuity reissued a “buy” rating and issued a $35.00 target price on shares of Benefitfocus in a report on Tuesday, August 1st. Piper Jaffray Companies reissued a “buy” rating and issued a $43.00 target price on shares of Benefitfocus in a report on Friday, August 4th. Berenberg Bank reissued a “buy” rating and issued a $36.00 target price on shares of Benefitfocus in a report on Thursday, August 10th. Finally, BidaskClub downgraded Benefitfocus from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.00.

Benefitfocus 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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