Oxford Asset Management LLP Buys New Shares in Roper Technologies, Inc. (NYSE:ROP)

Oxford Asset Management LLP purchased a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 803 shares of the industrial products company's stock, valued at approximately $417,000.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Barclays decreased their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus assumed coverage on Roper Technologies in a report on Thursday, March 27th. They issued a "buy" rating and a $685.00 target price on the stock. Raymond James reissued a "strong-buy" rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 price objective 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 assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $620.73.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $557.70 on Friday. The company's fifty day moving average price is $568.90 and its 200-day moving average price is $554.53. Roper Technologies, Inc. has a one year low of $499.47 and a one year 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 firm has a market capitalization of $59.89 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.77 and a beta of 1.04.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies's payout ratio is 23.01%.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 351 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the 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 approximately $18,221,292.10. The trade was a 8.69 % 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 valued at $4,712,045 over the last three months. 0.87% of the stock is owned by company 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.

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