Swiss National Bank lifted its holdings in Model N, Inc. (NYSE:MODN – Get Rating) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,500 shares of the software maker’s stock after buying an additional 1,900 shares during the period. Swiss National Bank owned approximately 0.21% of Model N worth $3,265,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MODN. Altshuler Shaham Ltd bought a new stake in Model N during the 3rd quarter valued at $29,000. Tower Research Capital LLC TRC raised its stake in Model N by 35.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,664 shares of the software maker’s stock worth $57,000 after buying an additional 431 shares in the last quarter. Stephens Inc. AR bought a new position in Model N in the third quarter worth about $69,000. Allspring Global Investments Holdings LLC increased its stake in shares of Model N by 94.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,420 shares of the software maker’s stock valued at $82,000 after purchasing an additional 1,174 shares in the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in shares of Model N during the third quarter valued at approximately $113,000. Hedge funds and other institutional investors own 96.63% of the company’s stock.
Model N Price Performance
Shares of NYSE MODN opened at $29.39 on Tuesday. Model N, Inc. has a 52 week low of $20.95 and a 52 week high of $43.18. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -21.30 and a beta of 0.68. The firm has a 50-day simple moving average of $31.94 and a 200-day simple moving average of $36.12. The company has a quick ratio of 3.70, a current ratio of 3.70 and a debt-to-equity ratio of 3.03.
Insider Buying and Selling
Analysts Set New Price Targets
Several equities research analysts recently issued reports on MODN shares. Truist Financial raised their target price on shares of Model N from $45.00 to $52.00 in a report on Wednesday, February 8th. Morgan Stanley assumed coverage on shares of Model N in a research report on Monday, March 27th. They issued an “overweight” rating and a $43.00 price objective for the company. Craig Hallum lowered their price target on shares of Model N from $45.00 to $38.00 in a research report on Wednesday, May 10th. StockNews.com assumed coverage on shares of Model N in a research note on Thursday, May 18th. They set a “hold” rating for the company. Finally, 1-800-FLOWERS.COM restated an “initiates” rating on shares of Model N in a research note on Thursday, April 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Model N has a consensus rating of “Moderate Buy” and an average price target of $43.38.
Model N Company Profile
Model N, Inc engages in developing and monetizing revenue management solutions. It offers cloud revenue optimization and compliance to pharmaceutical, medical technology, semiconductor, and high-tech companies. Its products provide business processes such as pricing, quoting, contracting, regulatory compliance, rebates and incentives.
- Get a free copy of the StockNews.com research report on Model N (MODN)
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