Systematic Financial Management LP bought a new position in Bankrate Inc. (NYSE:RATE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 236,705 shares of the company’s stock, valued at approximately $1,770,000. Systematic Financial Management LP owned 0.27% of Bankrate at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in RATE. Pacad Investment Ltd. purchased a new stake in shares of Bankrate during the first quarter valued at approximately $126,000. Legal & General Group Plc increased its stake in shares of Bankrate by 6.3% in the first quarter. Legal & General Group Plc now owns 14,966 shares of the company’s stock valued at $137,000 after buying an additional 892 shares during the last quarter. Acrospire Investment Management LLC increased its stake in shares of Bankrate by 189.1% in the second quarter. Acrospire Investment Management LLC now owns 26,600 shares of the company’s stock valued at $199,000 after buying an additional 17,400 shares during the last quarter. AXA purchased a new stake in shares of Bankrate during the first quarter valued at approximately $212,000. Finally, First Trust Advisors LP purchased a new stake in shares of Bankrate during the second quarter valued at approximately $273,000. Institutional investors own 47.63% of the company’s stock.

Shares of Bankrate Inc. (NYSE:RATE) traded up 0.24% on Friday, reaching $8.29. 104,727 shares of the company traded hands. The company’s market capitalization is $737.54 million. The firm has a 50-day moving average price of $7.92 and a 200 day moving average price of $8.38. Bankrate Inc. has a one year low of $6.59 and a one year high of $15.80.

Bankrate (NYSE:RATE) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Bankrate had a negative net margin of 13.93% and a positive return on equity of 7.93%. The business had revenue of $98.30 million for the quarter, compared to analyst estimates of $96.08 million. During the same period last year, the firm earned $0.16 earnings per share. Bankrate’s revenue for the quarter was up 10.1% compared to the same quarter last year. Equities analysts forecast that Bankrate Inc. will post $0.54 EPS for the current fiscal year.

Several equities research analysts have commented on RATE shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Bankrate in a research note on Tuesday, July 19th. Zacks Investment Research raised shares of Bankrate from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Wednesday, August 10th. Loop Capital started coverage on shares of Bankrate in a research note on Wednesday, August 10th. They issued a “hold” rating and a $9.00 target price for the company. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $9.00 target price on shares of Bankrate in a research note on Friday, August 5th. Finally, Compass Point started coverage on shares of Bankrate in a research note on Thursday, June 2nd. They issued a “neutral” rating and a $9.00 target price for the company. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.85.

Bankrate Company Profile

Bankrate, Inc (Bankrate) is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories.

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