Marshall Wace LLP Raises Stake in Roper Technologies, Inc. (NYSE:ROP)

Marshall Wace LLP lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 15,719.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,678 shares of the industrial products company's stock after buying an additional 219,283 shares during the quarter. Marshall Wace LLP owned approximately 0.21% of Roper Technologies worth $114,719,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new position in Roper Technologies during the fourth quarter valued at $914,052,000. JPMorgan Chase & Co. boosted its holdings in Roper Technologies by 54.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after buying an additional 360,632 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Roper Technologies during the fourth quarter valued at approximately $148,070,000. Proficio Capital Partners LLC lifted its position in shares of Roper Technologies by 59,278.6% in the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock valued at $145,697,000 after acquiring an additional 279,795 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Roper Technologies by 170.6% in the fourth quarter. National Bank of Canada FI now owns 265,194 shares of the industrial products company's stock worth $137,863,000 after acquiring an additional 167,199 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insiders Place Their Bets

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.04, for a total transaction of $578,040.00. Following the sale, the vice president now directly owns 38,932 shares in the company, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now directly owns 20,187 shares of the company's stock, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,101 shares of company stock worth $4,712,045. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Performance

ROP traded up $0.97 during trading on Friday, reaching $557.24. The company's stock had a trading volume of 343,108 shares, compared to its average volume of 552,093. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company's fifty day moving average price is $570.92 and its 200-day moving average price is $554.27. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a market capitalization of $59.84 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, April 4th. Roper Technologies's dividend payout ratio is presently 23.01%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Oppenheimer upped their price target on Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Barclays lowered their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Stifel Nicolaus started coverage on shares of Roper Technologies in a report on Thursday, March 27th. They issued a "buy" rating and a $685.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $620.73.

Roper Technologies 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.