Benefitfocus stock price target raised to $40 from $32 at RBC Capital

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Benefitfocus, Inc. provides cloud-based benefits management platform for consumers, employers, insurance carriers, and brokers. It operates through the following segments: Employer and Carrier. The Employer segment involves in providing products and services for employers, which include HR InTouch, HR InTouch Marketplace, Benefit Informatics, HR Support Center, implementation services, media and animation services, app development platform, and software-enabled services. The Carrier segment offers products and services for insurance carriers, which include eEnrollment, eBilling, eExchange, eSales, eDirect, benefit informatics, implementation services, media and animation services, app development platform, and software-enabled services. The company was founded by Mason R. Holland and Shawn A. Jenkins in June 2000 and is headquartered in Charleston, SC. (See Full Profile)

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