Stephens Inc. AR Sells 498 Shares of Roper Technologies, Inc. (NYSE:ROP)

Stephens Inc. AR reduced its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,226 shares of the industrial products company's stock after selling 498 shares during the period. Stephens Inc. AR's holdings in Roper Technologies were worth $5,316,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC acquired a new stake in shares of Roper Technologies during the third quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of 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 purchasing an additional 75 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth approximately $45,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Roper Technologies during the fourth quarter worth approximately $49,000. Finally, Global Wealth Strategies & Associates boosted its holdings in shares of Roper Technologies by 49.3% during the fourth 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 during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Richard F. Wallman sold 351 shares of the business's stock in a transaction 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 owns 20,187 shares of the company's stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Brandon L. Cross sold 750 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the transaction, the vice president now directly owns 1,329 shares in the company, valued at $767,936.07. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,101 shares of company stock valued at $2,947,475 over the last 90 days. 0.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ROP has been the subject of a number of analyst reports. Mizuho lifted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Oppenheimer lifted their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Royal Bank of Canada reduced their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and lifted their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $622.30.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded up $0.15 during trading on Friday, reaching $573.58. The stock had a trading volume of 353,178 shares, compared to its average volume of 668,329. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.43. The firm has a market capitalization of $61.50 billion, a price-to-earnings ratio of 40.00, a P/E/G ratio of 2.78 and a beta of 1.05. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $538.01 and a two-hundred day simple moving average of $545.95.

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.