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Ron Baron Comments on Benefitfocus

- By Holly LaFon

Shares of benefits software vendor Benefitfocus, Inc. (NASDAQ:BNFT) contributed to performance. The stock's performance was driven by accelerating revenue growth and expanding margins and free cash flow. Benefitfocus has delivered consistent improvement in bookings, margins, and cash flow in recent quarters. We believe the recent outreach to brokers and carriers is a positive development. We expect the company's BenefitsPlace offering to contribute meaningfully to results in 2019, and accelerate thereafter. The company's ecosystem is expanding, highlighted by an improving partnership with SAP.


From Ron Baron (Trades, Portfolio)'s fourth-quarter 2018 Baron Growth Fund shareholder letter.
This article first appeared on GuruFocus.