Capital Investment Services of America Inc. Lowers Holdings in Roper Technologies, Inc. (NYSE:ROP)

Capital Investment Services of America Inc. cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,170 shares of the industrial products company’s stock after selling 262 shares during the period. Roper Technologies accounts for 2.3% of Capital Investment Services of America Inc.’s holdings, making the stock its 21st biggest holding. Capital Investment Services of America Inc.’s holdings in Roper Technologies were worth $24,001,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fortitude Family Office LLC purchased a new position in shares of Roper Technologies in the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 75 shares during the last quarter. Global Wealth Strategies & Associates lifted its stake in Roper Technologies by 49.3% in the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 33 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Roper Technologies by 40.7% during the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 33 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in shares of Roper Technologies by 59.0% during the third quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 46 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Up 0.6 %

NYSE:ROP opened at $581.42 on Thursday. The company has a market cap of $62.35 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $584.31. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $536.63 and a 200-day simple moving average of $544.75.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays decreased their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Truist Financial reaffirmed a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $622.30.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total transaction of $201,912.75. Following the transaction, the director now directly owns 20,187 shares in the company, valued at approximately $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brandon L. Cross sold 750 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now owns 1,329 shares of the company’s stock, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,101 shares of company stock valued at $2,947,475 in the last 90 days. Company insiders own 0.87% of the company’s stock.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.