• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Benefitfocus Appoints Proven Industry Leader Matthew Levin as New CEO to Further Advance Growth Strategy

    5/4/21 9:25:00 AM ET
    $BNFT
    $ADP
    Computer Software: Prepackaged Software
    Technology
    EDP Services
    Technology
    Get the next $BNFT alert in real time by email

    CHARLESTON, S.C., May 04, 2021 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ:BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announces that Matthew Levin has been appointed president and chief executive officer and to the Benefitfocus board of directors, effective May 10, 2021.

    Levin succeeds Stephen Swad, who served as the company's CFO and was appointed CEO in 2020. In order to ensure a seamless handoff of leadership responsibilities, Swad will serve as an advisor to the CEO until September 2021. Thereafter, Swad will continue to serve as a Benefitfocus board director.

    Levin has more than fifteen years of experience in the benefits administration, health insurance and health care technology industries, and a distinguished track record leading growth strategies and building companies into industry leaders. His expertise spans corporate development, strategic planning and developing successful strategies for expansion into growth adjacencies. Levin most recently served as the chief strategy officer of ADP (NASDAQ:ADP), a leading payroll company.

    "On behalf of the board and everyone at Benefitfocus, I am delighted to welcome Matt as the company's next CEO," said Doug Dennerline, an independent director on the Benefitfocus board who will become chairman at the 2021 Annual Meeting. "Matt is a seasoned leader who has demonstrated his ability to execute innovative growth strategies. He will be an outstanding leader for Benefitfocus, with the skillset and experience to continue advancing the company's strategy and take its performance to the next level."



    Dennerline added, "We also thank Steve for his willingness to step in and provide leadership to the company during a particularly dynamic and challenging period. Thanks to Steve's leadership, the company has strengthened its foundation and is now ready for its next chapter. The board and management team are committed to ensuring a smooth transition, and we are all grateful that Benefitfocus will continue to benefit from Steve's experience and perspective."



    "I am humbled by this opportunity and excited to join the company at a pivotal moment in its history," said Levin. "I look forward to working with the team to drive innovative growth strategies and build on the company's strong foundation to unlock even greater value. Thanks to the initiatives Steve and the team have been implementing over the past several quarters, I believe Benefitfocus is poised to create customer value-enhancing opportunities. I am particularly excited to help realize the company's tremendous upside potential as a partner to employers, health plans and brokers, ensuring employees and members are maximizing the value of their investments in health care."

    "I echo Doug's enthusiasm in welcoming Matt as Benefitfocus' next CEO," said Swad. "The board and I agree he is the right leader to build on our progress and strategy. I'm also pleased to share we are coming off a solid quarter and are reiterating our full year guidance. We have great confidence in the company's future and look forward to providing more details on our previously scheduled earnings call later today."

    The company will also file a Form 8-K with the United States Securities and Exchange Commission ("SEC") with additional details regarding the leadership succession.

    About Matthew Levin

    Matthew Levin joins Benefitfocus from ADP, where he served as Chief Strategy Officer since 2018, and was responsible for strategy, corporate development, ADP Ventures and the ADP Research Institute. Before joining ADP, Levin was a managing partner at Psilos Group Managers, a growth equity firm, where he specialized in technology-enabled health care services investments. Prior to Psilos, Levin was executive vice president and head of global strategy for Aon plc, a leading global professional services firm that provides a broad range of insurance and human capital solutions. Earlier in his career, Levin served as senior vice president of corporate development and strategy for Hewitt Associates, a leader in health, retirement and human capital consulting, and outsourcing services. Levin was a core member of the team that led the $4.9 billion merger between Aon Consulting and Hewitt Associates, creating an industry-leading benefits and human resources solutions firm. Levin began his career in the First Scholar Program at First Chicago NBD, now JP Morgan Chase. Levin holds a master's degree in business administration from the University of Chicago Booth School of Business and a bachelor's degree from Northwestern University. He was also named to Crain's Chicago Business 2011 "40 Under 40" and the World Economic Forum's "2013 Young Global Leaders" program.

    About Benefitfocus

    Benefitfocus (NASDAQ:BNFT) unifies the entire benefits industry through innovative technology solutions that bring efficiency, cost savings and simplicity to employee benefits administration. Our powerful cloud-based software, data-driven insights and thoughtfully designed services help employers, insurance brokers, health plans and suppliers address the complexity of benefits enrollment and engagement, while bringing easier access to health, wealth and lifestyle products through a world-class benefits experience. Our mission is simple: to improve lives with benefits. Learn more at www.benefitfocus.com, LinkedIn and Twitter.

    DISCLAIMER REGARDING FORWARD LOOKING STATEMENTS 

    Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: our ability to maintain our culture and recruit, integrate and retain qualified personnel, including on our board of directors; our ability to compete effectively; the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable regulations; the immature and volatile nature of the market for our products and services; privacy; security and other risks associated with our business; management of growth; volatility and uncertainty in the global economy and financial markets in light of the evolving COVID-19 pandemic; and the other risk factors set forth from time to time in our SEC filings, copies of which are available free of charge within the Investor Relations section of the Benefitfocus website at http://investor.benefitfocus.com/sec-filings or upon request from our Investor Relations Department. Benefitfocus assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

    IMPORTANT ADDITIONAL INFORMATION AND WHERE TO FIND IT

    The company intends to file a proxy statement on Schedule 14A, an accompanying WHITE proxy card and other relevant documents with the SEC in connection with such solicitation of proxies from the company's stockholders for the company's 2021 annual meeting of stockholders. STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ THE COMPANY'S DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and stockholders may obtain a copy of the definitive proxy statement, an accompanying WHITE proxy card, any amendments or supplements to the definitive proxy statement and other documents filed by the company with the SEC at no charge at the SEC's website at www.sec.gov. Copies will also be available at no charge in the Investor Relations section of the Benefitfocus website at https://investor.benefitfocus.com/sec-filings or by contacting the company's Investor Relations department at [email protected], as soon as reasonably practicable after such materials are electronically filed with, or furnished to, the SEC.

    CERTAIN INFORMATION REGARDING PARTICIPANTS TO THE SOLICITATION

    The company, its directors and certain of its executive officers are participants in the solicitation of proxies from the company's stockholders in connection with matters to be considered at the company's 2021 annual meeting of stockholders. Information regarding the direct and indirect interests, by security holdings or otherwise, of the company's directors and executive officers in the company is included in the company's Proxy Statement on Schedule 14A for its 2020 annual meeting of stockholders, filed with the SEC on April 29, 2020, the company's Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 10, 2021, the company's Amendment No. 1 to the company's Annual Report on Form 10-K/A for the fiscal year ended December 31, 2021, filed with the SEC on April 30, 2021 and in the company's Current Reports on Form 8-K filed with the SEC from time to time. Changes to the direct or indirect interests of the company's directors and executive officers are set forth in SEC filings on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4. These documents are available free of charge as described above. Updated information regarding the identities of potential participants and their direct or indirect interests, by security holdings or otherwise, in the company will be set forth in the company's Proxy Statement for its 2021 annual meeting of stockholders and other relevant documents to be filed with the SEC, if and when they become available.

    Benefitfocus, Inc.

    843-981-8898

    [email protected]



    Investor Relations:

    Patti Leahy

    843-981-8899

    [email protected]   

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5255da83-0b5b-4993-9046-801d2a76b816



    Primary Logo

    Get the next $BNFT alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $BNFT
    $ADP

    CompanyDatePrice TargetRatingAnalyst
    Automatic Data Processing Inc.
    $ADP
    1/17/2024$217.00 → $243.00Underperform → Neutral
    BofA Securities
    Automatic Data Processing Inc.
    $ADP
    1/4/2024Underperform → Peer Perform
    Wolfe Research
    Automatic Data Processing Inc.
    $ADP
    11/7/2023$235.00Neutral
    UBS
    Automatic Data Processing Inc.
    $ADP
    9/5/2023$267.00Sector Perform
    RBC Capital Mkts
    Automatic Data Processing Inc.
    $ADP
    6/2/2023$230.00Neutral
    UBS
    Automatic Data Processing Inc.
    $ADP
    4/3/2023$249.00 → $211.00Neutral → Underperform
    BofA Securities
    Benefitfocus Inc.
    $BNFT
    11/8/2022Overweight → Sector Weight
    KeyBanc Capital Markets
    Benefitfocus Inc.
    $BNFT
    9/16/2022$10.00Overweight
    KeyBanc Capital Markets
    More analyst ratings

    $BNFT
    $ADP
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • ADP Announces Pricing of its Senior Notes Due 2032

      ROSELAND, N.J., May 6, 2025 /PRNewswire/ -- ADP (NASDAQ:ADP), a leading global technology company providing comprehensive cloud-based human capital management (HCM) solutions, yesterday announced the pricing of a public offering of $1.0 billion aggregate principal amount of its 4.750% senior notes due 2032. ADP expects to receive the net offering proceeds upon closing on or about May 8, 2025. The intended use of proceeds from the offering is to refinance existing debt, and any remainder for general corporate purposes. ADP has filed a registration statement (including a prospectus and preliminary prospectus supplement) with the Securities and Exchange Commission ("SEC") for the offering to wh

      5/6/25 10:33:00 AM ET
      $ADP
      EDP Services
      Technology
    • ADP Celebrates National Small Business Week with Advice from Nearly 18,000 Small Business Owners

      Experts share additional insights to help small businesses navigate complex challenges and HR priorities ROSELAND, N.J., May 5, 2025 /PRNewswire/ -- From the rapid rise of new technologies like generative AI to changing employee expectations and a shifting compliance landscape, small businesses continue to seek opportunities to thrive amid an ever-changing environment. In pursuit of that passion and in honor of National Small Business Week, ADP shares insights gained from nearly 18,000 small businesses across the U.S. as a result of ADP's Grit & Wisdom Contest, which invited small business owners to share their best strategies for success to empower fellow entrepreneurs. ADP experts addition

      5/5/25 9:45:00 AM ET
      $ADP
      EDP Services
      Technology
    • ADP National Employment Report: Private Sector Employment Increased by 62,000 Jobs in April; Annual Pay was Up 4.5%

      ROSELAND, N.J., April 30, 2025 /PRNewswire/ -- Private sector employment increased by 62,000 jobs in April and annual pay was up 4.5 percent year-over-year, according to the April ADP® National Employment Report™ produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees. The jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market. The report details th

      4/30/25 8:15:00 AM ET
      $ADP
      EDP Services
      Technology

    $BNFT
    $ADP
    SEC Filings

    See more
    • SEC Form FWP filed by Automatic Data Processing Inc.

      FWP - AUTOMATIC DATA PROCESSING INC (0000008670) (Subject)

      5/5/25 4:30:23 PM ET
      $ADP
      EDP Services
      Technology
    • SEC Form 10-Q filed by Automatic Data Processing Inc.

      10-Q - AUTOMATIC DATA PROCESSING INC (0000008670) (Filer)

      5/1/25 2:47:20 PM ET
      $ADP
      EDP Services
      Technology
    • Automatic Data Processing Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - AUTOMATIC DATA PROCESSING INC (0000008670) (Filer)

      4/30/25 6:57:16 AM ET
      $ADP
      EDP Services
      Technology

    $BNFT
    $ADP
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Corp. VP D'Ambrosio Christopher exercised 598 shares at a strike of $161.15 and sold $140,121 worth of shares (478 units at $293.14), increasing direct ownership by 2% to 7,364 units (SEC Form 4)

      4 - AUTOMATIC DATA PROCESSING INC (0000008670) (Issuer)

      4/14/25 4:04:18 PM ET
      $ADP
      EDP Services
      Technology
    • Corp VP Michaud Brian L. sold $458,070 worth of shares (1,500 units at $305.38), decreasing direct ownership by 11% to 12,073 units (SEC Form 4)

      4 - AUTOMATIC DATA PROCESSING INC (0000008670) (Issuer)

      4/2/25 4:06:50 PM ET
      $ADP
      EDP Services
      Technology
    • Corp. VP D'Ambrosio Christopher exercised 599 shares at a strike of $161.13 and sold $144,833 worth of shares (473 units at $306.20), increasing direct ownership by 2% to 7,244 units (SEC Form 4)

      4 - AUTOMATIC DATA PROCESSING INC (0000008670) (Issuer)

      3/12/25 4:02:24 PM ET
      $ADP
      EDP Services
      Technology

    $BNFT
    $ADP
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Automatic Data Processing Inc. (Amendment)

      SC 13G/A - AUTOMATIC DATA PROCESSING INC (0000008670) (Subject)

      2/13/24 4:58:56 PM ET
      $ADP
      EDP Services
      Technology
    • SEC Form SC 13G/A filed by Benefitfocus Inc. (Amendment)

      SC 13G/A - Benefitfocus, Inc. (0001576169) (Subject)

      2/13/23 2:16:08 PM ET
      $BNFT
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13G/A filed by Benefitfocus Inc. (Amendment)

      SC 13G/A - Benefitfocus, Inc. (0001576169) (Subject)

      2/9/23 11:07:50 AM ET
      $BNFT
      Computer Software: Prepackaged Software
      Technology

    $BNFT
    $ADP
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Automatic Data upgraded by BofA Securities with a new price target

      BofA Securities upgraded Automatic Data from Underperform to Neutral and set a new price target of $243.00 from $217.00 previously

      1/17/24 7:08:28 AM ET
      $ADP
      EDP Services
      Technology
    • Automatic Data upgraded by Wolfe Research

      Wolfe Research upgraded Automatic Data from Underperform to Peer Perform

      1/4/24 7:13:15 AM ET
      $ADP
      EDP Services
      Technology
    • UBS initiated coverage on Automatic Data with a new price target

      UBS initiated coverage of Automatic Data with a rating of Neutral and set a new price target of $235.00

      11/7/23 6:31:45 AM ET
      $ADP
      EDP Services
      Technology

    $BNFT
    $ADP
    Financials

    Live finance-specific insights

    See more
    • ADP Reports Third Quarter Fiscal 2025 Results

      ROSELAND, N.J., April 30, 2025 /PRNewswire/ -- ADP (NASDAQ:ADP), a leading global technology company providing human capital management (HCM) solutions, today announced its third quarter fiscal 2025 financial results along with its revised fiscal 2025 outlook through an earnings release available on the company's website at investors.adp.com/events-and-presentations. This earnings release will also be furnished to the Securities and Exchange Commission (SEC) on a Current Report on Form 8-K and available at sec.gov. As previously announced, ADP will host a conference call for financial analysts today, Wednesday, April 30, 2025 at 8:30 a.m. ET. The conference call will be webcast live on ADP's

      4/30/25 7:00:00 AM ET
      $ADP
      EDP Services
      Technology
    • ADP Declares Regular Quarterly Dividend

      ROSELAND, N.J., April 8, 2025 /PRNewswire/ -- The board of directors of Automatic Data Processing, Inc. (NASDAQ:ADP) has declared a regular quarterly dividend of $1.54 per share payable July 1, 2025 to shareholders of record on June 13, 2025. About ADP (NASDAQ – ADP)Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential.  HR, Talent, Time Management, Benefits and Payroll.  Informed by data and designed for people.  Learn more at ADP.com ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc. Copyright © 2025 ADP, Inc. All rights reserved. ADP - Investor Relations Inves

      4/8/25 2:22:00 PM ET
      $ADP
      EDP Services
      Technology
    • ADP to Announce Third Quarter Fiscal 2025 Financial Results on April 30, 2025

      ROSELAND, N.J., April 1, 2025 /PRNewswire/ -- ADP (NASDAQ:ADP), a leading global provider of Human Capital Management (HCM) solutions, is scheduled to release its financial results for the third fiscal quarter ending March 31, 2025 before the opening of the Nasdaq on Wednesday, April 30, 2025. ADP will also be hosting a conference call at 8:30 a.m. ET on April 30, 2025 to discuss these results. Maria Black, President & Chief Executive Officer, Don McGuire, Chief Financial Officer and Matthew Keating, Vice President of Investor Relations, will be participating on the call. Please note that ADP no longer publishes its financial results over a news wire service. Instead, the results will be pos

      4/1/25 8:00:00 AM ET
      $ADP
      EDP Services
      Technology

    $BNFT
    $ADP
    Leadership Updates

    Live Leadership Updates

    See more
    • ADP Acquires WorkForce Software

      Transaction will expand global offering and drive workforce management innovation to meet the future needs of businesses ROSELAND, N.J., Oct. 15, 2024 /PRNewswire/ -- ADP® (NASDAQ:ADP), a leading global technology company providing human capital management (HCM) solutions, today announced that it has acquired WorkForce Software, a premier workforce management solutions provider that specializes in supporting large, global enterprises. This acquisition will expand ADP's global offering of workforce management solutions and enable future innovation in the space. Transaction will expand global offering and drive workforce management innovation to meet the future needs of businesses"As the needs

      10/15/24 9:30:00 AM ET
      $ADP
      EDP Services
      Technology
    • ADP appoints Thomas J. Lynch as the new Independent Board Chair

      Carlos Rodriguez to continue as member of ADP Board of Directors ROSELAND, N.J., Jan. 10, 2024 /PRNewswire/ -- ADP, a leading global technology company providing human capital management (HCM) solutions, announced today that its board of directors appointed Thomas J. Lynch as its independent, non-executive board chair to succeed Carlos A. Rodriguez as executive chair of the board, effective as of January 31, 2024.  Mr. Lynch has served as an independent director of the board since 2018. Mr. Rodriguez will continue to serve on the company's board as a non-employee director.  In addition, John P. Jones will transition from his role as lead independent director but remain a board member.  Prior

      1/10/24 4:05:00 PM ET
      $ADP
      EDP Services
      Technology
    • Benefitfocus Announces Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)

      CHARLESTON, S.C., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Benefitfocus Inc. (NASDAQ:BNFT) ("Benefitfocus" or the "Company"), a cloud-based benefits administration technology company committed to helping customers and the people they serve get the most out of their health care and benefit programs, today announced that, in connection with the appointment of Ed Rumzis as executive vice president and chief technology officer, and in accordance with the terms of his employment agreement with the Company, the Compensation and Talent Committee of Benefitfocus' Board of Directors approved an initial equity grant to Mr. Rumzis of 187,664 restricted stock units ("RSUs") with a value of $1,500,000 (the "I

      8/9/22 4:44:33 PM ET
      $BNFT
      Computer Software: Prepackaged Software
      Technology