Optimize Financial Inc Invests $1.57 Million in Roper Technologies, Inc. (NYSE:ROP)

Optimize Financial Inc bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,016 shares of the industrial products company's stock, valued at approximately $1,568,000. Roper Technologies comprises 1.2% of Optimize Financial Inc's holdings, making the stock its 23rd biggest position.

A number of other hedge funds have also made changes to their positions in the stock. VSM Wealth Advisory LLC bought a new position in Roper Technologies during the 4th quarter valued at $26,000. CoreFirst Bank & Trust bought a new position in shares of Roper Technologies during the fourth quarter worth about $36,000. OFI Invest Asset Management acquired a new position in Roper Technologies in the fourth quarter worth about $38,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after buying an additional 75 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Roper Technologies during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays lowered their price target on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus assumed coverage on shares of Roper Technologies in a report on Thursday, March 27th. They issued a "buy" rating and a $685.00 price target for the company. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and increased their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Raymond James restated a "strong-buy" rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $620.73.

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Roper Technologies Stock Performance

ROP stock traded up $1.20 on Tuesday, reaching $567.08. The company's stock had a trading volume of 317,682 shares, compared to its average volume of 552,191. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market capitalization of $60.90 billion, a P/E ratio of 39.55, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The firm has a fifty day moving average of $572.08 and a two-hundred day moving average of $554.16.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders 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 dividend yield of 0.58%. The ex-dividend date is Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is 23.01%.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,221,292.10. This trade represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman sold 351 shares of Roper Technologies stock in a transaction dated 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 in the company, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,101 shares of company stock worth $4,712,045 over the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

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.