1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon

Baron Funds Comments on Benefitfocus Inc.

November 21, 2013 | About:

The Fund initiated a position in Benefitfocus, Inc. (NASDAQ:BNFT) a leading provider of cloud- based benefits software which came public during the quarter. The company offers an integrated suite of solutions to help customers shop, enroll, manage, and exchange benefits information. Benefits are presented in a user-friendly manner that allows insured individuals and their dependents to access all their benefits in one place. The company is experiencing accelerating demand due to the Affordable Care Act and a shift towards defined contribution benefits, which requires the enhanced insight and consumer experience only offered by modern software applications. We believe that Benefitfocus serves a vast addressable market. On the employer side, the company has just 348 out of approximately 18,000 domestic employers, implying just 2% penetration. On the carrier side, Benefitfocus currently has just 35 customers out of 313 domestic health insurers. In aggregate, we believe the addressable market is in excess of $10 billion annually. (Neal Rosenberg)

From Ron Baron’s Baron Funds third quarter 2013 report.


Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


GuruFocus has detected 4 Warning Signs with Benefitfocus Inc $BNFT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by


User Generated Screeners


sectikBBS
WellrossMICROCAP NCAV DABLE
WellrossNCAV micro/RF TRADABLE
psinghppmsell_cbitda_bv_ftr
samahajoeBasic Materials
infoNetherlands
clemclem_99GuVGain3relaxed
Wellrossxyzideas
WellrossManual of ideas4
WellrossManual of ideas3
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK