Allianz Asset Management GmbH increased its stake in shares of Model N, Inc. (NYSE:MODN) by 33.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,322 shares of the software maker’s stock after acquiring an additional 80,315 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.09% of Model N worth $4,759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MODN. Vanguard Group Inc. boosted its stake in Model N by 2.4% during the first quarter. Vanguard Group Inc. now owns 934,866 shares of the software maker’s stock worth $9,770,000 after acquiring an additional 21,555 shares in the last quarter. Geode Capital Management LLC boosted its stake in Model N by 4.2% during the first quarter. Geode Capital Management LLC now owns 189,226 shares of the software maker’s stock worth $1,977,000 after acquiring an additional 7,707 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Model N by 61.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 45,800 shares of the software maker’s stock worth $479,000 after acquiring an additional 17,500 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new position in Model N during the first quarter worth $175,000. Finally, Rhumbline Advisers boosted its stake in Model N by 3.7% during the second quarter. Rhumbline Advisers now owns 25,302 shares of the software maker’s stock worth $337,000 after acquiring an additional 905 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Model N, Inc. (NYSE:MODN) opened at $15.90 on Thursday. Model N, Inc. has a 12 month low of $8.30 and a 12 month high of $16.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.27.

Model N (NYSE:MODN) last released its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Model N had a negative net margin of 30.15% and a negative return on equity of 55.26%. The firm had revenue of $35.61 million for the quarter, compared to analyst estimates of $34.86 million. During the same period last year, the firm earned ($0.28) earnings per share. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. equities research analysts forecast that Model N, Inc. will post -0.64 EPS for the current year.

In related news, Director Alan S. Henricks sold 4,730 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $14.59, for a total transaction of $69,010.70. Following the transaction, the director now directly owns 40,134 shares of the company’s stock, valued at $585,555.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan S. Henricks sold 13,475 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $14.50, for a total transaction of $195,387.50. Following the transaction, the director now directly owns 40,134 shares in the company, valued at $581,943. The disclosure for this sale can be found here. Insiders have sold 21,801 shares of company stock worth $317,080 over the last three months. 20.40% of the stock is owned by insiders.

A number of research firms have weighed in on MODN. J P Morgan Chase & Co lowered shares of Model N from an “overweight” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research note on Tuesday, December 12th. Raymond James Financial reaffirmed a “hold” rating on shares of Model N in a research note on Monday, December 4th. Dougherty & Co raised their price objective on shares of Model N from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday. BidaskClub raised shares of Model N from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Finally, Zacks Investment Research lowered shares of Model N from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.50.

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About Model N

Model N, Inc is a provider of revenue management solutions for life science and technology companies. The Company’s solutions enable its customers to maximize revenues and reduce revenue compliance risk by transforming their revenue life cycle from a series of tactical, disjointed operations into a strategic end-to-end process.

Institutional Ownership by Quarter for Model N (NYSE:MODN)

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