Fiera Capital Corp Boosts Holdings in CoStar Group, Inc. (NASDAQ:CSGP)

Fiera Capital Corp grew its stake in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,554 shares of the technology company's stock after buying an additional 14,645 shares during the period. Fiera Capital Corp's holdings in CoStar Group were worth $9,076,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CSGP. Wayfinding Financial LLC bought a new stake in CoStar Group during the first quarter valued at approximately $29,000. Cullen Frost Bankers Inc. lifted its position in CoStar Group by 137.4% during the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock valued at $32,000 after purchasing an additional 235 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in CoStar Group during the first quarter valued at approximately $33,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in CoStar Group by 414.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock valued at $36,000 after purchasing an additional 402 shares during the last quarter. Finally, Close Asset Management Ltd bought a new stake in CoStar Group during the first quarter valued at approximately $41,000. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Stock Down 0.6%

NASDAQ:CSGP traded down $0.59 on Friday, reaching $94.60. 2,841,243 shares of the stock traded hands, compared to its average volume of 2,836,619. The company has a market capitalization of $40.08 billion, a price-to-earnings ratio of 378.40, a PEG ratio of 4.64 and a beta of 0.89. The company has a current ratio of 5.83, a quick ratio of 5.83 and a debt-to-equity ratio of 0.12. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $97.15. The company's fifty day simple moving average is $82.75 and its 200 day simple moving average is $79.01.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. CoStar Group's revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. Equities analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of CoStar Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Bank of America assumed coverage on shares of CoStar Group in a report on Friday, May 30th. They issued a "neutral" rating and a $79.00 price objective for the company. Royal Bank Of Canada boosted their price objective on shares of CoStar Group from $83.00 to $91.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Needham & Company LLC boosted their price objective on shares of CoStar Group from $98.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company restated an "underweight" rating and issued a $70.00 price objective (up from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $93.25.

Insider Transactions at CoStar Group

In other news, insider Frederick G. Saint sold 25,000 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $93.23, for a total transaction of $2,330,750.00. Following the sale, the insider owned 319,539 shares of the company's stock, valued at $29,790,620.97. This trade represents a 7.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.85, for a total transaction of $188,764.05. Following the sale, the chief accounting officer directly owned 25,771 shares in the company, valued at approximately $2,392,837.35. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.09% of the company's stock.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.