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MODN

In the latest quarter, 4 analysts provided indifferent ratings for Model N (NYSE:MODN), with all maintaining a neutral stance and setting a unified price target of $30.00, down from a previous target of $37.00. This adjustment reflects a significant decline in the company's perceived value, amidst a backdrop of moderate revenue growth, strong net margin, and challenges in debt management. The company, a provider of cloud revenue management solutions, shows a mixed financial performance with notable strengths and areas of concern.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 3:00 pm

NBTB

NBT Bancorp (NASDAQ:NBTB) was analyzed by 5 analysts, showing a mix of bullish to indifferent sentiments. The average 12-month price target is $41.00, down 5.75% from the previous $43.50. Analysts' actions range from maintaining to lowering ratings, with price targets adjusted accordingly. NBT Bancorp's financial performance is strong, with notable revenue growth, high net margin, and excellent ROE and ROA, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 3:00 pm

JHG

Seven analysts have recently updated their ratings on Janus Henderson Group (NYSE:JHG), with a mix of neutral and bearish views. The average 12-month price target is now $31.43, up from $28.86, indicating an 8.91% increase. Janus Henderson Group, an investment management service provider, has shown a revenue growth of 10.35% as of December 31, 2023, but its market capitalization, net margin, and ROE are below industry averages, while its ROA and debt management are positive.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 3:00 pm

R

Ryder System Inc (NYSE:R) shares surged after reporting Q1 FY24 sales of $3.098 billion, surpassing estimates of $3.062 billion. EPS was $2.14, beating the $1.71 consensus. Despite a decrease in Fleet management solutions revenue, Supply Chain and Dedicated Transportation Solutions saw significant growth. The company raised its FY24 adjusted EPS outlook but cut its total revenue growth forecast. Shares rose 10% to $119.91.

Portfolio Pulse from Shivani Kumaresan

April 23, 2024 | 2:42 pm

FI

Fiserv, Inc (NYSE:FI) reported a 7% year-over-year increase in Q1 revenue to $4.88 billion, surpassing the $4.57 billion consensus. Adjusted EPS was $1.88, beating the $1.79 consensus and marking a 19% increase from the previous year. The company experienced a 20% organic revenue growth, led by its Merchant Solutions segment. Following these strong results, Fiserv raised its full-year adjusted EPS outlook to $8.60 - $8.75. The stock price rose 5.6% to $157.17 following the announcement.

Portfolio Pulse from Anusuya Lahiri

April 23, 2024 | 2:24 pm

WVE

GSK has initiated the first two oligonucleotide programs with Wave Life Sciences, providing a $12M initiation payment. This marks a significant advancement in their collaboration, focusing on Wave's next-generation GalNAc-siRNA format aimed at achieving best-in-class potency and durability. The collaboration encompasses various modalities, including RNA editing across multiple therapy areas. Additionally, Wave plans to start a clinical trial for its INHBE program targeting obesity by 1Q 2025, utilizing its siRNA technology.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:22 pm

EBMT

Eagle Bancorp Montana reported a decrease in earnings and revenue for Q1 2024, with EPS dropping to $0.24 from $0.42 year-over-year, and revenue falling to $19.2M from $21.1M.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:17 pm

SPY

USA New Home Sales for March increased by 8.8%, a significant improvement from the -5.1% seen in the previous month. This indicates a rebound in the housing market, potentially influencing market sentiment and sectors related to real estate and construction.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:00 pm

ADUS

Analyst ratings for Addus HomeCare (NASDAQ:ADUS) have shown a negative shift with a decrease in the average price target by 17.16% to $97.75. Recent ratings range from 'Underweight' to 'Outperform' with price targets varying from $83.00 to $118.00. The company's financial performance indicates solid revenue growth of 11.86%, a net margin of 7.08%, and strong ROE and ROA figures, despite a market capitalization that is smaller than industry averages.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 2:00 pm

SPY

USA new home sales for March reported at 693K, surpassing the estimated 668K and the previous month's 637K, indicating a stronger housing market.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 2:00 pm