Fiera Capital Corp Has $6 Million Position in CoStar Group, Inc. (NASDAQ:CSGP)

Fiera Capital Corp raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 29.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,963 shares of the technology company’s stock after buying an additional 18,241 shares during the quarter. Fiera Capital Corp’s holdings in CoStar Group were worth $6,003,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CSGP. International Assets Investment Management LLC acquired a new position in shares of CoStar Group in the 4th quarter worth approximately $3,230,000. Gilbert & Cook Inc. raised its stake in CoStar Group by 14.3% during the fourth quarter. Gilbert & Cook Inc. now owns 14,571 shares of the technology company’s stock worth $1,273,000 after acquiring an additional 1,824 shares in the last quarter. Accretive Wealth Partners LLC lifted its holdings in shares of CoStar Group by 2.1% during the fourth quarter. Accretive Wealth Partners LLC now owns 9,398 shares of the technology company’s stock valued at $821,000 after acquiring an additional 192 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of CoStar Group by 1,393.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 12,189 shares of the technology company’s stock valued at $1,065,000 after purchasing an additional 11,373 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in shares of CoStar Group by 4.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,775 shares of the technology company’s stock worth $243,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Price Performance

CSGP opened at $75.93 on Wednesday. The stock has a market cap of $31.12 billion, a P/E ratio of 104.01, a P/E/G ratio of 11.46 and a beta of 0.81. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $75.18 and a 200 day simple moving average of $82.54. CoStar Group, Inc. has a 12 month low of $67.35 and a 12 month high of $100.38.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06. The company had revenue of $677.80 million during the quarter, compared to the consensus estimate of $677.18 million. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 earnings per share. On average, research analysts expect that CoStar Group, Inc. will post 0.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CSGP shares. Bank of America cut their price target on shares of CoStar Group from $111.00 to $89.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Needham & Company LLC reissued a “buy” rating and issued a $107.00 target price on shares of CoStar Group in a report on Wednesday, July 24th. JMP Securities decreased their price target on CoStar Group from $110.00 to $90.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 24th. Robert W. Baird reduced their price objective on CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group lowered their target price on CoStar Group from $108.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, CoStar Group has an average rating of “Moderate Buy” and an average price target of $96.38.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.