Papp L Roy & Associates Holds Position in CoStar Group Inc. (CSGP)
Papp L Roy & Associates continued to hold its position in shares of CoStar Group Inc. (NASDAQ:CSGP) during the second quarter, according to its most recent filing with the SEC. The firm owned 4,804 shares of the company’s stock at the end of the second quarter. Papp L Roy & Associates’ holdings in CoStar Group were worth $1,050,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of CSGP. Pacad Investment Ltd. acquired a new position in shares of CoStar Group during the first quarter valued at about $263,000. Parametrica Management Ltd acquired a new position in shares of CoStar Group during the second quarter valued at about $403,000. Seven Eight Capital LLC acquired a new position in shares of CoStar Group during the first quarter valued at about $414,000. Diversified Trust Co acquired a new position in shares of CoStar Group during the second quarter valued at about $501,000. Finally, Bank of Montreal Can acquired a new position in shares of CoStar Group during the second quarter valued at about $571,000.
Shares of CoStar Group Inc. (NASDAQ:CSGP) traded down 0.56% during midday trading on Tuesday, hitting $214.28. The stock had a trading volume of 113,380 shares. CoStar Group Inc. has a 52 week low of $146.53 and a 52 week high of $224.79. The stock has a market cap of $6.99 billion, a PE ratio of 138.07 and a beta of 1.29. The stock has a 50-day moving average of $211.40 and a 200 day moving average of $204.15.
CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.08. CoStar Group had a net margin of 6.33% and a return on equity of 5.74%. The firm earned $207 million during the quarter, compared to analyst estimates of $205.66 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. Analysts anticipate that CoStar Group Inc. will post $4.11 EPS for the current fiscal year.
Several equities analysts have recently issued reports on CSGP shares. Zacks Investment Research upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $230.00 price objective for the company in a research report on Monday, August 1st. B. Riley restated a “buy” rating and issued a $231.00 target price on shares of CoStar Group in a research report on Sunday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $240.00 target price on shares of CoStar Group in a research report on Friday. TheStreet upgraded CoStar Group from a “hold” rating to a “buy” rating in a research report on Wednesday, June 22nd. Finally, Wells Fargo & Co. restated a “buy” rating on shares of CoStar Group in a research report on Tuesday, June 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $236.20.
In related news, Director Michael J. Glosserman sold 5,000 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $206.33, for a total value of $1,031,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.98% of the stock is currently owned by corporate insiders.
CoStar Group Company Profile
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate industry. It manages its business through two segments: North America, which includes the United States and parts of Canada, and International, which includes parts of the United Kingdom, Spain and France.
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