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Morgan Stanley Trims Advantage Solutions (NASDAQ: ADV) target price to $4.00

function options (Nasdaq: ADVGet the rating) Morgan Stanley Analysis Analysts reduce their goal worth from $5.00 to $4.00 in a report launched Thursday, Benzinga stories. The brokerage agency presently has an “Equal” score on the inventory. Morgan Stanley’s worth goal may level to a possible hike of 23.08% from the corporate’s present worth.

Individually, Deutsche Financial institution Aktiengesellschaft lowered its worth goal for Benefit Options shares from $7.00 to $6.00 in a analysis report on Thursday.

Benefit Options Stock Decreased 0.3%

shares Nasdaq: ADV It opened at $3.25 on Thursday. The corporate has a debt-to-equity ratio of 0.78, a buying and selling ratio of 1.74 and a fast ratio of 1.74. The inventory has a market capitalization of $1.03 billion, a price-earnings ratio of 14.77 and a beta of 1.53. The corporate has a 50-day shifting common of $2.81 and a 200-day shifting common of $3.79. Benefit Options has a one-year low of $1.95 and a one-year excessive of $9.49.

function options (Nasdaq: ADVGet the rating) final printed its quarterly earnings outcomes on Tuesday, August ninth. The corporate reported earnings of $0.17 per share for the primary quarter, beating analyst estimates of $0.14 by $0.03. The corporate generated income of $981.08 million for the quarter, in comparison with a consensus estimate of $992.97 million. Benefit Options generated a internet margin of 1.84% and a return on fairness of 6.69%. Throughout the identical interval within the earlier 12 months, the corporate reported earnings of $0.11 per share. On common, sell-side analysts count on Benefit Options to report 0.71 earnings per share for the present 12 months.

Shopping for and promoting insiders

In different information, director Brian Ok. Ratzan shares 100,000 shares of the corporate’s inventory in a transaction on Friday, September sixteenth. The inventory was bought at a mean worth of $2.47 per share, for a complete transaction of $247,000.00. After finishing the acquisition, the director now straight owns 152,269 shares within the firm, valued at $376,104.43. The acquisition was disclosed in a doc filed with the Securities and Trade Fee, which might be accessed by means of This hyperlink. 4.90% of the shares are presently owned by company insiders.

Institutional Buying and selling Benefit Options

Various hedge funds lately modified their holdings of ADV. Victory Capital Administration Inc. acquired a brand new stake in shares of Benefit Options throughout the first quarter price $287,000. IndexIQ Advisors LLC bought a brand new place in Benefit Options throughout the first quarter price $391,000. M&T Financial institution Corp. elevated its place in Benefit Options by 29.8% throughout the first quarter. M&T Financial institution Corp. now owns 34,579 shares of the corporate’s inventory valued at $221,000 after buying a further 7,944 shares throughout the interval. Swiss Nationwide Financial institution boosted its place in Benefit Options by 7.3% throughout the first quarter. The Swiss Nationwide Financial institution now owns 150,600 shares of the corporate’s inventory, valued at $961,000, after buying a further 10,200 shares throughout this era. Lastly, Financial institution of New York Mellon Corp boosted its place in Benefit Options by 4.1% throughout the first quarter. Financial institution of New York Mellon Corp. now owns 529,664 shares of the corporate’s inventory, valued at $3,379,000 after buying a further 20,843 shares throughout the interval. Institutional buyers and hedge funds personal 26.80% of the corporate’s inventory.

Benefit Options Firm Profile

(Get the rating)

Benefit Options Inc offers outsourcing options to shopper items firms and retailers in North America and internationally. It operates in two divisions, Gross sales and Advertising and marketing. The gross sales phase presents brand-centric companies, corresponding to headquarters relationship administration; Analytics, insights and intelligence; Administration; and brand-centric advertising companies.

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This on the spot information alert was created by narrative science expertise and MarketBeat monetary knowledge to offer readers with the quickest and most correct reporting. This story was reviewed by the Editorial Group at MarketBeat previous to publication. Please ship any questions or feedback about this story to [email protected]

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