Conestoga Capital Advisors LLC Purchases 507,090 Shares of Model N, Inc. (NYSE:MODN)

Conestoga Capital Advisors LLC increased its stake in shares of Model N, Inc. (NYSE:MODN - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,824,894 shares of the software maker's stock after acquiring an additional 507,090 shares during the quarter. Model N makes up about 1.5% of Conestoga Capital Advisors LLC's portfolio, making the stock its 26th largest position. Conestoga Capital Advisors LLC owned approximately 9.80% of Model N worth $103,004,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. UBS Asset Management Americas Inc. lifted its stake in shares of Model N by 0.8% in the third quarter. UBS Asset Management Americas Inc. now owns 35,137 shares of the software maker's stock valued at $1,203,000 after buying an additional 275 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Model N by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 37,018 shares of the software maker's stock valued at $947,000 after buying an additional 322 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Model N by 6.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,447 shares of the software maker's stock valued at $261,000 after buying an additional 383 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of 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 valued at $57,000 after buying an additional 431 shares in the last quarter. Finally, Ziegler Capital Management LLC lifted its stake in shares of Model N by 3.9% in the third quarter. Ziegler Capital Management LLC now owns 13,018 shares of the software maker's stock valued at $318,000 after buying an additional 493 shares in the last quarter.

Model N Stock Performance

NYSE MODN traded down $0.03 during trading hours on Wednesday, reaching $29.67. 4,243,376 shares of the company were exchanged, compared to its average volume of 499,362. Model N, Inc. has a 1 year low of $20.90 and a 1 year high of $35.96. The business's 50 day simple moving average is $26.38 and its 200-day simple moving average is $25.38. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $1.16 billion, a P/E ratio of -35.36 and a beta of 0.70.

Model N (NYSE:MODN - Get Free Report) last posted its earnings results on Tuesday, February 6th. The software maker reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The business had revenue of $63.49 million during the quarter, compared to analysts' expectations of $62.12 million. Model N had a positive return on equity of 5.79% and a negative net margin of 12.48%. On average, equities research analysts expect that Model N, Inc. will post 0.2 earnings per share for the current year.

Insider Transactions at Model N

In other news, Director Dave Yarnold sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $26.88, for a total value of $134,400.00. Following the completion of the transaction, the director now directly owns 22,012 shares in the company, valued at $591,682.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Laura Selig sold 2,655 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $25.32, for a total value of $67,224.60. Following the completion of the transaction, the insider now directly owns 141,517 shares in the company, valued at $3,583,210.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dave Yarnold sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $26.88, for a total transaction of $134,400.00. Following the completion of the transaction, the director now owns 22,012 shares of the company's stock, valued at $591,682.56. The disclosure for this sale can be found here. Insiders sold 72,616 shares of company stock worth $1,897,243 over the last quarter. Corporate insiders own 2.55% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on MODN shares. JMP Securities reiterated a "market perform" rating on shares of Model N in a report on Tuesday. Needham & Company LLC reiterated a "hold" rating on shares of Model N in a report on Tuesday. Morgan Stanley reiterated an "equal weight" rating and issued a $30.00 target price (down previously from $37.00) on shares of Model N in a report on Wednesday. JPMorgan Chase & Co. downgraded shares of Model N from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $30.00 to $25.00 in a report on Wednesday, December 13th. Finally, Craig Hallum reiterated a "hold" rating and issued a $30.00 target price on shares of Model N in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $31.80.

Model N Company 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.